Duke of Sussex, 7, Sussex Place, Montpelier,
UNDER OFFER, £250,000
A Freehold mid terraced Georgian property that has been converted into a public house with accompanying facilities on the ground floor and a further two floors of residential accommodation above.
Sold with vacant possession and tandem off street parking space at the front of the property and pedestrian access at the rear.
This imposing Freehold property occupies a prominent position on the boarder with Montpelier and St Pauls. Nearby Lower Ashley Road is the main road leading from the M32 into the boroughs of St Pauls, St. Werburghs and Montpellier. As such, the property is less than 500 meters from the M32, which in turn provides direct access to the M4 and M5. The City Centre is within one mile, and the vibrant Gloucester Road, and Stokes Croft with its range of bars and cafes, are in close walking distance.
CHANGE OF USE
The property would suit conversion to residential premises subject to change of use.
RESIDENTIAL CONVERSION - FAMILY HOME OR FLATS
The property now requires modernisation but has scope to create a large 4 + bedroom family home or conversion to flats in this highly sought after central location.
HMO / INVESTMENT
There is scope to create a student or HMO investment property subject to consents.
About this property:
The Montpelier / St Pauls area of Bristol is in extremely high demand at the moment. If this property were refurbished to a high standard we would expect to achieve a rental income of circa £1295pcm on the 3 bedroom flat (dependent on the use of the commercial unit).
If Converted in to a block of flats we would expect to achieve circa £800pcm on 1 bedroom units and £1,000pcm on 2 bedroom flats.
HMOs are in high demand in this areas and we would expect (subject to necessary consents and licensing) to achieve £595 for a nicely presented double room and £695pcm for an ensuite (assuming single occupancy, we would achieve higher rents if the rooms were suitable for couples.
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