Nestled in the historic heart of Malmesbury, this freehold property spans 3176 sq ft and presents an exceptional residential development opportunity. Currently configured as an office space under Use Class E, it benefits from planning permission (PL/2023/07980) to be transformed into three individual flats: a spacious 2-bedroom maisonette, a charming 1-bedroom maisonette, and a generous 3-bedroom flat. The ground floor holds potential for further enhancement, with ample communal areas that could be reimagined into additional living spaces, subject to obtaining the necessary consents.
The Gig House is positioned strategically at the corner of Oxford Street and Hollaway Hill, offering both historical charm and modern amenities. Its prime location within this picturesque Cotswold town puts it within walking distance to various local shops, cafes, and scenic river walks. This flexibility not only allows for residential conversion but also consideration for continued commercial use or alternative residential schemes such as large family homes or HMO setups.
With recent reductions in price from its original guide of £350,000 for auction sale, this property provides a unique investment prospect with significant scope for capital appreciation in a burgeoning area that balances heritage with some of today’s technical advancements.
