55, Old Market Street, Old Market, BS2 0ER
Sold, £200,000


Key Features

  • GRADE II LISTED FREEHOLD
  • DEVELOPMENT POTENTIAL
  • CLOSE TO CITY CENTRE
  • SCOPE FOR MAIS / HMO ON UPPER FLOORS
  • HEART OF OLD MARKET

THE PROPERTY

A Freehold Grade II listed mid terrace period mixed use property ( 1271 Sq Ft ) arranged over 3 floors and previously used as offices and storage with retail on the ground floor.
Sold with vacant possession.

LOCATION

The property is located on Old Market Street within the popular suburb of Old Market. Local amenities and services are all within close proximity including independent retailers, bars, pubs and cafes.
Bristol Temple Meads railway station is within walking distance as well as the Cabot Circus retail complex.

THE OPPORTUNITY

MIXED USE INVESTMENT / DEVELOPMENT OPPORTUNITY

A Freehold vacant opportunity with scope for self contained 2 /3 bedroom flat or HMO on the upper floors.
Existing ground floor retail with excellent rental prospects.
Subject to consents.

FLAT DEVELOPMENT

There may be scope to create 3 x 1 bedroom flats.
Subject to consents.

ACCOMMODATION

GROUND FLOOR

Office / Retail space.
Utility room
Cloakroom

FIRST FLOOR

Ancillary room 1
Ancillary room 2
Bathroom

SECOND FLOOR

Ancillary room 1
Ancillary room 2

RE SALE VALUES

THREE BEDROOM MAISONETTE
£200,000

ONE BEDROOM FLATS
£160,000 per flat

RENTAL APPRAISAL

What rent can we achieve for you?

The Bristol Residential Letting Co. are confident this property would make a good rental investment. Josh Box of The Bristol Residential Letting Co suggests rents in the region of;

2 bedroom maisonette - £1000pcm - £1100pcm

3 bedroom maisonette - £1200pcm - £1300pcm

1 bedroom flat - £850pcm - £900pcm

If you would like to discuss more detail on the potential for rental, you can call me (0117 370 8818) or email (josh@bristolreslet.com) for a no obligation discussion. Alternatively why not drop into my Office (222 North Street, Southville, BS3 1JD) where I am always happy to advise investors on maximising their investment.

COMMERCIAL MARKET APPRAISAL

Local Experts Burston Cook say:

55 Old Market Road – ground floor only – Between £5 - £7.5k per annum after separation works are carried out and it is provided in lettable condition.

For further information please contact Charlie Kershaw MRICS

charlie@burstoncook.co.uk


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