132, Hotwell Road, Hotwells,
Sold @ Auction £410,000
Lot No 5
FOR SALE BY AUCTION
GUIDE PRICE - £375,000
SOLD @ AUCTION - £410,000
LOT NUMBER 5
Wednesday 24th February 2016
All Saints Church Pembroke Road, Clifton, Bristol BS8 2HY
Legal packs will be available for inspection from 18:00.
The sale will begin promptly at 19:00
By appointment with Hollis Morgan.
Meade King LLP
Springfield House, 45 Welsh Back, Bristol BS1 4AG
Telephone: 0117 926 4121
Fax: 0117 929 7578
DX: 7812 BRISTOL
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An end of terrace mixed use property with full planning granted to develop and enlarge current residential element in a prominent location close to the Harbourside with a heavy footfall and excellent trading postilion, the residential element is in a highly desirable position and will command excellent rental income / resale values.
Ground Floor - A5 Commercial Unit currently trading as takeaway
Upper Floors - Residential Maisonette with full planning granted to extend to side and add dormers.
Building Plot to rear - full planning granted to erect one bedroom house
The whole property is currently let to the same tenant for £17,200 pa.
The property is across the road from the Bristol Harbour and offers excellent access to the wide range of amenities the City Centre, Clifton Village and Park Street have to offer, whilst Bristol University and Bristol Royal Infirmary are also easily accessible. Clifton Village 0.5 miles, Park Street 1.4 miles, Cabot Circus 2.2 miles, The Mall, Cribbs Causeway 7 miles, Bristol Temple Meads 3 miles, Bristol Airport 8.4 miles.
28 space Car Park opposite and on street parking immediately outside - both on meters.
Currently let on a 15 year lease with 4.5 years left unexpired. Option for vacant possession (please refer to online legal pack)
Scope for vacant possession ( landlord only break clause ) - please refer to Hollis Morgan.
Excellent trading position with A5 planning usage - huge demand for takeaway type meals due to the heavy footfall around the Harbourside and high density residential population in Cliftonwood and Hotwells.
We suggest there is excellent scope for an upmarket fish and chips style business in this location as this is currently under supplied in the immediate area or alternative commercial usage such as estate agency / lettings agency.
We would suggest a income of circa £12k - £15k per annum.
DEVELOPMENT OF MAISONETTE
Full Planning has been granted to extend the existing maisonette to create a stylish self contained three bedroom residential unit with south facing views of the harbour with scope for a four bedroom HMO ( HMO income £1,800 - £2,000 pcm )
We would suggest this has a resale value of circa £325,000
( Please refer to online legal pack for full planning information )
PLANNING GRANTED - MAISONETTE
Proposal Side extension to existing maisonette and dormer roof extensions to rear and front. Works to ground floor shop front.
Decision GRANTED 23rd Jun 2015
NEW BUILD TO REAR
Planning has been granted to erect a detached new build bijou house with 30 Sqm Garden.
Careful consideration has been given to simplify the construction as the property follows the existing contours of the site affording views from the upper levels and also ensuring ground works are kept to a minimum.
We would suggest this has a resale value of circa £225,000 - £250,000
( Please refer to online legal pack for full planning information )
PLANNING GRANTED - NEW BUILD
Proposal Erection of 1 no. one-bedroom garden flat; with refuse and recycling store, and cycle storage locker.
GRANTED - 2nd Feb 2015
Full details of all plans, drawings etc. can be downloaded via the online legal pack.
For full details of the EPC please refer to the online legal pack.
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The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
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