Duke of Sussex, 7, Sussex Place, Montpelier, BS2 9QN
UNDER OFFER, £250,000


Key Features

  • FREEHOLD GEORGIAN PROPERTY
  • CURRENTLY PUBLIC HOUSE + ROOMS
  • SCOPE FOR FAMILY HOME
  • POTENTIAL FLAT CONVERSION / HMO
  • SOLD WITH VACANT POSSESSION

THE PROPERTY

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.

LOCATION

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.

THE OPPORTUNITY

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.

RENTAL APPRAISAL

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.

Next steps:

If you would like further information on our services or on this or any other property please contact us at our Bristol office on 01179 55 18 17 or via email at enquiries@piperproperty.co.uk. Alternatively please visit our website www.piperproperty.co.uk for information on our office locations, services and to find out how we do things differently

EPC

For full details of the EPC please refer to the online legal pack.


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