Development Site @, 7 - 9 Frome Valley Road, Frome Valley Road, Frenchay, BS16 1HD
SOLD, £550,000


FOR SALE BY AUCTION

** SOLD PRIOR TO AUCTION ***

LOT NUMBER 42
Wednesday 30th November 2017
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

THE LAND

A large corner parcel of land with road frontage onto both Frome Valley and Alberton Road occupying an elevated position with views towards the Dower House.

LOCATION

Frome Valley Road is located within the popular suburb of Frenchay. Local amenities and services are all within close proximity including the University Of the West Of England. Bristol City Centre is approximately three miles away. The M32 Motorway network is also easily accessible and provides direct routes in and out of Bristol.

THE OPPORTUNITY

Full planning has been granted to demolish the existing buildings and erect 8 self contained flats.

There is scope for the addition of extra units / storeys subject to gaining the necessary consents.

We would suggest the resale values are £175,000 - £200,000 per unit.

SCHEDULE ( ALL SELF CONTAINED )

Flat 1 - Ground Floor 1 Bed 1 Bath
Flat 2 - Ground Floor 1 Bed 1 Bath
Flat 3 - Ground Floor 1 Bed 1 Bath
Flat 4 - Ground Floor 1 Bed 1 Bath
Flat 5 - First & Second Floor Maisonette 2 Bed 1 Bath.
Flat 6 - First & Second Floor Maisonette 2 Bed 1 Bath.
Flat 7 - First & Second Floor Maisonette 2 Bed 1 Bath.
Flat 8 - First & Second Floor Maisonette 2 Bed 1 Bath.

PLANNING GRANTED

Reference 15/04448/F
Alternative Reference PP-04419492
Application Received Tue 01 Sep 2015
Application Validated Thu 03 Sep 2015
Address 7 - 9 Frome Valley Road Bristol BS16 1HD
Proposal Demolition of an existing vehicle repair garage and car sales office/driving school booking office, and the erection of a block of flats containing 8 self-contained units.
Status Decided
Decision GRANTED subject to condition(s)
Decision Issued Date Mon 30 Nov 2015
Appeal Status Unknown

RENTAL APPRAISAL

The local lettings experts say:

The Bristol Residential Letting Co. are confident this property would make a good rental investment. Don McKeever of The Bristol Residential Letting Co suggests the following rents subject to the property being developed into 1 and 2 bed flats
1 Bed: £700-£750
2 Bed Maisonette: £850-£900pcm
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.

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