1 - 3, Stoke Lane, Westbury Village, BS9 3DP
Sold, £485,000

THE PROPERTY

A Freehold mixed use property occupying a prominent position in the heart of Westbury Village with a large garden to the rear.
Sold with vacant possession.

LOCATION

Westbury-on-Trym lies to the North West of Bristol's City Centre and is advantageously placed with a host of amenities on the doorstep. These include primary schools (Elmlea and W-O-T Primary) as well as secondary schools, state and independent.
There is open parkland and woodland walks with Durdham Downs and the Kings Weston Estate respectively nearby. For health and leisure there are sports clubs and tennis clubs (the closest of which is within the adjacent University campus) as well as golf courses. For the commuter there is good ease of access to the motorway networks, M5, M4, M32 and Bristol's commercial centre.

THE OPPORTUNITY

PLANNING GRANTED - MIXED USE SCHEME

Planning has been granted ( 17/06744/F ) to convert the existing combined with new build in the rear garden into the following;

RETAIL UNIT
Ground Floor ( Formerly occupied by Connells Estate Agents )
807 Sq FT
£150,000

FLAT
First Floor Flat with communal access.
2 Bedroom 764 Sq FT
£240,000 - £250,000

HOUSE
Mid terraced House with private entrance and courtyard garden.
3 Bed 1076 Sq Ft
£440,000 - £460,000

BUNGALOW
Bungalow with terrace and private garden.
2 Bed 764 Sq Ft
£325,000 - £350,000

TOTAL GDV

£1.15M - £1.21M

PLANNING GRANTED

Reference17/06744/F
Alternative ReferencePP-06581439
Application ReceivedWed 06 Dec 2017
Application ValidatedWed 06 Dec 2017
Address1-3 Stoke Lane Westbury Bristol BS9 3DP
ProposalRetention of the existing commercial/retail unit with the conversion of adjacent space and first floor above to residential accommodation. Demolition of existing rear additions with new-build single storey mews style dwelling to rear.
StatusDecided
DecisionGRANTED subject to condition(s)
Decision Issued DateThu 05 Apr 2018
Appeal StatusUnknown

FULL DETAILS OF THE PROPOSED SCHEME CAN BE DOWNLOADED WITH THE ONLINE LEGAL PACK.

RENTAL APPRAISAL

Ideally located in the heart of popular Westbury Village, this development opportunity has all amenities right on the door step. There is potential to create a family residence with investment properties around or too create three well-proportioned rental properties. Due to the developments location it would be popular with families and professional couple sand professional sharers

Potential Rental Income (per calendar month)
2 bed Flat £1100.00
3 bed House £1750.00
2 bed Bungalow £1200.00

If you have any questions or queries regarding this valuation please contact us on 0117 911 3423, 07854367689 or craig@clifton-rentals.co.uk

COMMERCIAL MARKET APPRAISAL

Local Experts Burston Cook say:

1-3 Stoke Lane – Ground floor A2 retail/office - £15K per annum, after separation works are carried out.

For further information please contact Charlie Kershaw MRICS

charlie@burstoncook.co.uk