Freehold @, 144, Cheltenham Road, Stokes Croft, BS6 5RL
UNDER OFFER, £485,000


Key Features

  • Freehold Opportunity / 3492 Sq Ft
  • Retail unit for Investment
  • Building plot to rear with planning
  • 2 x 1 bed flats on upper floors
  • HUGE POTENTIAL

THE PROPERTY

A prominent mid terraced Freehold property arranged as a ground floor retail unit with plot to rear and two self contained one bedroom flats.

LOCATION

The property occupies a prominent position on the vibrant Cheltenham Road within the popular suburb of Stokes Croft. An array of amenities and services are all within close proximity including independent retailers, convenience stores, pubs, bars, cafes and restaurants. Bristol City Centre is within walking distance and less than two miles away.

THE OPPORTUNITY

An interesting investment / development / break up opportunity in a prime position in this highly sough after location

RETAIL UNIT / INVESTMENT

Let for £15,000 per annum on a 5 year lease from 15th June 2015 ( reduced by 50% whilst works are taking place / current income £7,500 until works completed )

FLATS FOR CONVERSION

The upper floors have planning permission to convert the existing maisonette into two self contained one bedroom flats.
The conversion has now stopped and the flats require finishing but as the images show the works have started - refer to legal pack.

BUILDING PLOT / COACH HOUSE

To the rear of the property is a plot with planning granted to erect a two bedroom coach house with courtyard garden.

PLANNING GRANTED FOR FLAT CONVERSION

Reference 15/03878/F
Alternative Reference PP-04367587
Application Received Tue 28 Jul 2015
Application Validated Fri 02 Oct 2015
Address 144 Cheltenham Road Bristol BS6 5RL
Proposal Conversion of maisonette to create two one bedroom self-contained flats.
Status Decided
Decision GRANTED subject to condition(s)
Decision Issued Date Tue 29 Dec 2015

PLANNING GRANTED FOR COACH HOUSE

Reference 16/04353/F
Alternative Reference PP-05374416
Application Received Thu 11 Aug 2016
Application Validated Tue 16 Aug 2016
Address 144 Cheltenham Road Bristol BS6 5RL
Proposal Removal of single storey workshop, erection of new two storey dwelling.
Status Decided
Decision GRANTED subject to condition(s)
Decision Issued Date Thu 10 Nov 2016

PLANS ETC

Full details of all planning information can be downloaded with the online legal pack.

NEW HOMES - GDV ADVICE

First Floor 1 Bedroom Flat - £215,000

Second Floor 1 Bedroom Flat - £215,000

2 Bedroom Coach House - £275,000

Please contact Calum Melhuish from the Hollis Morgan New Homes team to discuss GDV and details on this development.
0117 973 65 65
Calum@hollismorgan.co.uk

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 a rent in the region of £775pcm for the 1 bedroom flats and £1100pcm for the proposed 2 bedroom coach house.

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.


Facebook Twitter Instagram LinkedIn You Tube AllAgents