Development Site to Rear, 215 - 217, Church Road, Redfield, BS5 9HL
FOR SALE, £150,000


Key Features

  • PLANNING GRANTED
  • GROUND FLOOR 1 BED FLAT
  • FIRST FLOOR 3 BED FLAT
  • TOP FLOOR 1 BED FLAT
  • GDV £525K

THE LAND

A Freehold parcel of land to the rear of 215 - 217 Church Road accessed via Mary Street.

LOCATION

Accessed via Mary Street to the rear of on the busy Church road where an array of local amenities and services are all within walking distance whilst St Georges Park is within a few hundred yards and Bristol City Centre is approximately two miles away.

THE OPPORTUNITY

PLANNING GRANTED
Planning has been granted to develop the whole site and the first phase of works fronting Church Rd have now been completed.
Phase 2 at the rear has the opportunity to erect a new build development comprising

DEVELOPMENT SCHEDULE AND GDV

GROUND FLOOR
Flat 1 - Self Contained One Bedroom Flat with open plan living and Courtyard Garden.
Scope to substitute the courtyard garden for an additional bedroom subject to consents.
Resale £160,000 ( £175,000 2 Bed )

FIRST FLOOR
Flat 2 - Self contained 3 Bedroom Flat with open plan living space and balcony.
Resale £200,000

TOP FLOOR
Flat 3 - Self contained 1 Bedroom with open plan living and terrace.
Resale £165,000

GDV £525,000

PLANNING GRANTED

Reference 16/06434/F
Alternative Reference PP-05629234
Application Received Thu 24 Nov 2016
Application Validated Tue 29 Nov 2016
Address 215-217 Church Road Redfield Bristol BS5 9HL
Proposal Demolition of existing buildings. Redevelopment to provide 1 x Class A1 (retail) unit), 6x1 bed flats and 1x3-bed flat.
Status Decided
Decision GRANTED subject to condition(s)
Decision Issued Date Fri 24 Feb 2017
Appeal Status Unknown

PLANNING INFORMATION

Full details of the planning, decision notice and proposed plans can be downloaded with the online legal pack.

RENTAL APPRAISAL

About this property:

Flats in this area are in extremely high demand. Once developed we would expect to achieve the following rents;

On one bedroom flats £700pcm
On two bedroom flats £900pcm
On three bedroom flats £1,100pcm.

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.


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