31, East Street, Bedminster, BS3 4HH
UNDER OFFER, £428,000


Key Features

  • PLANNING GRANTED
  • 2 bed flat with roof terrace and private entrance
  • 3 bed, 2 bathroom flat
  • 2 bed flat plus study and 2 bathroom
  • Landmark Restaurant
  • Large basement Area
  • Central location

THE PROPERTY

An imposing former bank premises ( 4260 Sq Ft ) occupying a prominent High Street position in the Centre of Bedminster.

VAT

Please note we have been informed VAT is now payable on this lot.

LOCATION

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.

THE OPPORTUNITY

Planning has been granted to develop the property into an exciting mixed use scheme of 3 flats and a landmark restaurant.

GROUND FLOOR AND BASEMENT

Stylish restaurant with A3 usage and double height ceilings / mezzanine level.
Plus Basement Level for Kitchens etc.

FIRST FLOOR

Two bedroom flat with roof terrace and private entrance ( 63.5 Sq M )

SECOND FLOOR

Three Bedroom flat with two bathrooms ( 87 Sq M )

TOP FLOOR

Two Bedroom Flat plus study and two bathrooms ( 70.5 Sq M )

NEW HOMES - GDV ADVICE

Restaurant - Would command a rent of £25,000 - £30,000 per annum - Sold @ 10 % ROI - £250,000 - £300,000
Contact Edd Pimble @ ETP property Consultant for further details - e.pimble@etpproperty.co.uk

Two bedroom Flat X 2 - £200,000 - £220,000

Three bedroom Flat - £220,000 - £230,000

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 development site would make a good rental investment. Don McKeever of The Bristol Residential Letting Co suggests rents in the region of:

2 Bedroom Flat with roof terrace - £925pcm - £975pcm
3 Bedroom Flat with 2 bathrooms - £1100pcm - £1200pcm
2 Bedroom Flat with study and 2 bathrooms - £925pcm - £975pcm

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.

DOWNLOAD PLANNING INFORMATION

Full details of the planning permission, drawings etc can be downloaded with the online legal pack.

PLANNING FOR FLATS

Decision : GRANTED subject to condition(s)
Application no: 17/00618/F
Type of application: Full Planning
Site address: 31-33 East Street, Bedminster, Bristol, BS3 4HH
Description of development: Conversion and extension of upper floors to form 3no new flats, including new third floor and associated external alterations
Applicant: Mr J Singh
Agent: OXF Architects
Committee/delegation date: 10.05.17
Date of Notice: 10.05.17

PLANNING FOR RESTAURANT

Decision : GRANTED subject to condition(s)
Application no: 17/00619/F
Type of application: Full Planning
Site address: 31 East Street, Bedminster, Bristol, BS3 4HH
Description of development: Change of use of the ground floor to an A3 restaurant, including enlarged front windows
Applicant: Mr J Singh
Agent: OXF Architects
Committee/delegation date: 10.05.17
Date of Notice: 10.05.1


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