A development of 12 premium apartments in Cheltenham have gone on the market with prices up to £1.325m. The development in Parabola Road occupies the site of a former BT repeater station that once amplified telephone signals throughout Gloucestershire.
The former two-storey building was constructed in the 1950s and had been derelict for some time before it was acquired by the developer, Brookworth Homes. Named The Exchange in homage to the history of the site, the redevelopment has been described as having a contemporary architectural style.
Inside the apartments, Smart features include a Control 4 Smart Home System, which allows the homeowner to control the lighting, audio, heating, blinds, and media via the touch of a button, while many of the integrated details, such as ceiling speakers and blinds can be programmed to the homeowner's specific requirements.
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According to Savills, who are bringing The Exchange to market, fixtures and fittings are of a standard akin to that of a top-end hotel, including contemporary Nolte kitchens with Miele appliances, enamelled steel baths and underfloor heating throughout. The shared areas have fully landscaped gardens, secure video entry and lift access to all floors.
Secure parking is situated to the rear of the building where each apartment has allocated spaces and EV charging points. The scheme comprises two and three bedroom apartments, arranged over four floors.
The two bedroom homes start at 808 sq. ft up to 995 sq. ft. while the three bedroom homes start at 1,493 sq. ft to 1,453 sq. ft.
Iain Powis from Savills is marketing the development and comments: 'Less than 500 yards from the beautiful, bustling Montpellier, and situated on one of Cheltenham's most desirable residential roads, The Exchange brings a new level of luxury living into the town.
'Thoughtfully designed and rich with high-quality features of a standard rarely seen in new build development, I expect these apartments to be hugely sought-after. Indeed, two of the penthouses have already been reserved before any marketing had been undertaken, which is indicative of the demand for homes of this calibre in Cheltenham.'
Guide prices at The Exchange start at £695,000 for a two bedroom apartment up to £1.325m. For further information, contact Savills Cheltenham on 01242 548009.
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