Development Opportunity @, 122, East Street, Bedminster,
Sold @ Auction £266,000
Lot No 9
FOR SALE BY AUCTION
SOLD @ AUCTION £266,000
GUIDE PRICE £275,000
APRIL AUCTION TOTAL SALES £8.5m
LOT NUMBER 9
Wednesday 20th April
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
D: 01242 323575
M: 07523 122668
Festival House, Jessop Avenue, Cheltenham, GL50 3SH
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A large Freehold premises with access from the popular Warden Road and overlooking the pedestrianised East Street.
East street is a popular pedestrianised High Street with a wide range of retailers and traders serving the local area yet within one mile of the City Centre and close to North Street.
Planning has been granted to develop the property into the following scheme.
A2 Commercial Unit - 44 Sq M - £90,000
3 Bedroom Maisonette - 89 Sq M - £225,000
2 Bed First Floor Flat - 61 Sq M - £180,000
2 Bed Top Floor Flat - 62 Sq M - £180,000
GDV - £675,000
The local lettings experts say:
The Bristol Residential Letting Co. is confident this development would make a good rental investment. Don McKeever of The Bristol Residential Letting Co suggests a rental range of:
2 Bed first floor flat – £875-£925pcm
2 Bed Second top flat – £875-£925pcm
3 Bed Maisonette - £975-£1075pcm
Commercial unit – to be advised by a commercial agent
If you would like to discuss more detail on the potential for rental, you can call Don (0117 370 8818) for a no obligation discussion. He will be very happy to advise on maximising the return on this property.
Alternative Reference PP-04490375
Application Received Thu 08 Oct 2015
Application Validated Thu 15 Oct 2015
Address 122 East Street Bedminster Bristol BS3 4ES
Proposal Conversion to form three flats including a rear extension; retaining part ground floor office use.
Decision GRANTED subject to condition(s)
Decision Issued Date Fri 22 Jan 2016
PLANS AND DRAWINGS
All details can be downloaded with the on line legal pack.
There has been a positive appraisal for conversion into an 8 bed HMO - buyer must make their own enquiries.
For full details of the EPC please refer to the online legal pack.
Please be aware all purchasers are subject to a £750 + VAT buyer's premium which is ALWAYS payable upon exchange of contracts whether the sale is concluded before, during or after the auction date.
An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). 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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