6 - 7, South Liberty Lane, Bedminster,
UNDER OFFER, £290,000
A Freehold terrace of properties comprising 6a South Liberty Lane ( Commercial Unit A3 / A1 ) and 7 South Liberty Lane ( Vacant Offices ) plus a parcel of land to the side and rear with access from South Liberty Lane.
The properties are in need of modernisation and arranged over two floors.
6a South Liberty Lane - Vacant Commercial Unit
7 South Liberty Lane - Vacant Offices
The property occupies a prominent corner plot located on the increasingly vibrant Winterstoke Road in the heart of Bedminster. Local amenities and services are all within walking distance including convenience stores, local cafes, public houses and a Sainsbury’s superstore. Bristol City Centre is approximately two miles away.
CONVERSION TO HMO
Scope for change of use ( Under Permitted Development ) to HMO investment property - potential for 6 + Rooms
Average rent £500 per room
Scope for £36,000 + pa
Requires refurbishment but would make excellent services offices.
The retail unit was let to a sandwich shop for £350 pcm ( now vacant )
There are proposed plans to convert the building into flats.
TERRACE OF HOUSES
The local lettings experts say:
The Bristol Residential Letting Co. are confident this property would make a good rental investment if developed into flats. Don McKeever of The Bristol Residential Letting Co suggests a rent of £700-£750pcm for 1 bed flats and £850-£900 for 2 bed flats in this area. Accurate rental figures can be provided on request if plans are produced. 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.