Conygre House, Conygre Road, Filton, BS34 7DD
Sold, £450,000


Key Features

  • PLANNING GRANTED
  • Large Period Property
  • Flat Development
  • 7 - 9 Flats
  • Serviced Apartment Block

THE PROPERTY

Conygre House ( 6164 Sq Ft ) is an imposing Period property arranged over three floors occupying a mature plot of 0.3 Acres ( 1284 m2 ) which includes 13 parking spaces. The 18th Century former farmhouse has been most recently used as offices – owned and occupied by South Gloucestershire council until 2016 but is now offered with vacant possession for residential development.

LOCATION

Conygre House is located within the popular suburb of Filton approximately 6 miles north of Bristol city centre and well located to the motorway networks (M4 Jct 18 and M5 interchange Jct 15). Local amenities and services including convenience stores, pubs, cafes are all within close proximity. The University of The West of England is less than two miles away.
Large employers such as MOD, Southmead Hospital, BAE Systems and Rolls Royce are close by and it is a short walk to Filton Abbey Wood Train Station whilst Gloucester Road North has a regular bus service to the City Centre.

THE OPPORTUNITY

RESIDENTIAL DEVELOPMENT

7 FLATS

Conygre House has permitted development granted for seven apartments
REFER TO PLANS IN ONLINE LEGAL PACK

SERVICED APARTMENT SCHEME

The Vendors have received positive pre-application feedback for conversion of the building into hotel-type serviced apartment units.
We understand this would be capable of producing a gross income of £195,000 a year assuming 75% occupancy and nightly rates of £70 per night for one beds and studios and £90 for two beds.
PRE-APPLICATION REFERENCE NO: PRE16/1116
DESCRIPTION: Conversion of Conygre House together with erection of a new building to form 27 serviced 'quasi-hotel' apartments. See Legal Pack.

9 FLATS

Subject to gaining the necessary consents we understand there is scope to increase the density to 9 flats which would increase the GDV to circa £1.5m
REFER TO PLANS IN ONLINE LEGAL PACK

NO VAT

Please note we are informed NO VAT is payable on this Lot.

PLANNING GRANTED 7 FLATS

TOWN & COUNTRY PLANNING (GENERAL PERMITTED DEVELOPMENT) (ENGLAND) ORDER 2015 SCHEDULE 2 PART 3 CLASS O CHANGE OF USE – OFFICE TO RESIDENTIAL NOTICE OF DECISION

South Gloucestershire Council in pursuance of powers under the above mentioned Act hereby GRANT PRIOR APPROVAL FOR:
APPLICATION NO: PT16/0481/PNOR DESCRIPTION OF DEVELOPMENT: Prior notification of a change of use from Offices (Class B1a) to 7no. dwellings (Class C3) as defined in the Town and Country Planning (Use Classes) Order 1987 (as amended).
APPLICANT: Bristol Property Partnership LOCATION: Conygre House Conygre Road Filton South Gloucestershire BS34 7DD

PROPOSED GDV 7 FLATS

FLAT 1 - £165,000 - £175,000 ( 597 Sq ft )
FLAT 2 - £225,000 - £235,000 ( 985 Sq ft )
FLAT 3 - £155,000 - £165,000 ( 580 Sq ft )
FLAT 4 - £175,000 - £185,000 ( 720 Sq ft )
FLAT 5 - £155,000 - £165,000 ( 586 Sq ft )
FLAT 6 - £175,000 - £185,000 ( 741 Sq ft )
FLAT 7 - £155,000 - £165,000 ( 560 Sq ft )

GDV £1.205 - £1.275M

RENTAL APPRAISAL

The local experts say;

The Bristol Residential Letting Co. are confident this property would make a good rental investment if developed into flats for the professional market.
Don McKeever of The Bristol Residential Letting Co suggests a rent in the region of:

1 Bedroom apartment - £700-750pcm
2 Bedroom apartment - £800-850pcm
3 Bedroom apartment - £950-1050pcm


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