Key Information
Price
£1,500,000
Property Type
Commercial Property
Bedrooms
0
Bathrooms
0
EPC Rating
Build/Unit
5,500 squareFeet
Reference
518116
Property Description
Prime Mixed-Use Investment Opportunity – Cirencester
Prominent Corner Position - Planning Approved for Residential Conversion - Let to National Tenant - Income producing with planning
Occupying a high-profile corner position in the heart of Cirencester’s Market Place, this attractive freehold former bank building presents a rare investment opportunity in one of the most desirable towns in the heart of the Cotswolds.
The property is arranged over four floors, extending to approximately 512.6 sq m (5,517 sq ft) GIA. The ground floor and basement are let to The Cornish Bakery on a new 10-year FRI lease from October 2026, with an initial passing rent of £27,500 per annum, rising to £55,000 per annum. The tenant is a well-established national operator, enhancing the asset's long-term income profile.
The upper floors benefit from full planning consent for conversion into four residential units, comprising:
1 x Studio Apartment
1 x One-Bedroom Apartment
2 x Two-Bedroom Apartments
This approved residential development offers strong potential for capital uplift and additional income generation in a high-demand lettings and sales market.
Location Highlights
Located on the south side of Market Place, at the prominent junction with Cricklade Street
Situated in the heart of the Cotswolds, a designated Area of Outstanding Natural Beauty (AONB)
Walking distance to Cirencester’s extensive range of shops, restaurants, and local amenities
Excellent connectivity via the A429 Ring Road and nearby Kemble Rail Station, offering direct services to London Paddington
Close to the Cotswold Water Park, boosting both residential and tourism appeal
Prominent Corner Position - Planning Approved for Residential Conversion - Let to National Tenant - Income producing with planning
Occupying a high-profile corner position in the heart of Cirencester’s Market Place, this attractive freehold former bank building presents a rare investment opportunity in one of the most desirable towns in the heart of the Cotswolds.
The property is arranged over four floors, extending to approximately 512.6 sq m (5,517 sq ft) GIA. The ground floor and basement are let to The Cornish Bakery on a new 10-year FRI lease from October 2026, with an initial passing rent of £27,500 per annum, rising to £55,000 per annum. The tenant is a well-established national operator, enhancing the asset's long-term income profile.
The upper floors benefit from full planning consent for conversion into four residential units, comprising:
1 x Studio Apartment
1 x One-Bedroom Apartment
2 x Two-Bedroom Apartments
This approved residential development offers strong potential for capital uplift and additional income generation in a high-demand lettings and sales market.
Location Highlights
Located on the south side of Market Place, at the prominent junction with Cricklade Street
Situated in the heart of the Cotswolds, a designated Area of Outstanding Natural Beauty (AONB)
Walking distance to Cirencester’s extensive range of shops, restaurants, and local amenities
Excellent connectivity via the A429 Ring Road and nearby Kemble Rail Station, offering direct services to London Paddington
Close to the Cotswold Water Park, boosting both residential and tourism appeal
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Market Place, Cirencester, GL7
