7, Redcross Street, Old Market, BS2 0BA
Sold, £1,600,000

THE PROPERTY

A Freehold Grade II listed period property ( 14,994 Sq Ft ) with modern extensions occupying a prominent corner position close to Cabot Circus - the property is arranged over three floors with secure parking to the rear.
The property was purchased from Bristol City Council having been a science faculty for many years and was recently converted ( at considerable expense and subject to an exhaustive renovation ) into an School plus six studio apartment accessed via the external staircase to the rear.
The School element which makes up the bulk of the accommodation is now vacant and the studios are let on rolling AST agreements at £650 pcm per unit but the tenants will vacate for completion

UPDATE ON GRADE II LISTING

We are informed by our vendors solicitor - "Please note that only part of the property is Grade II listed. It is the Georgian part of the property which is listed. The listed part of the property has been incorporated into the surrounding office block."

LOCATION

The property is located on the edge of Old Market bordering the Cabot Circus retail park which provides local amenities and services all within close proximity including independent retailers, convenience stores, pubs, cafes and restaurants.
The University of Bristol and BRI are both within 1.5 miles.

THE OPPORTUNITY

DEVELOPMENT - 21 FLATS

A Pre App and plans have been produced to convert the building into 21 residential units
Pre application no: 17/02506/PREAPP

STUDENT ACCOMMODATION / HMO

Given the proximity to both the University of Bristol and Cabot circus the building is ideally position for both student and young professionals.

EXTEND / ADDITIONAL STOREYS

There is scope to extend the property to the rear and to add additional storeys ( subject to consents ) to create further potential development.

HOTEL / OFFICE BLOCK

Continued commercial use in this highly sought after central location