ADDRESS - 619 Gloucester Road, Horfield, Bristol, BS7 0BJ
A Freehold semi detached period property with accommodation ( 1672 Sq Ft ) arranged over three floors and comprises a ground floor retail unit and 3 bedroom maisonette on the upper floors. To the rear of the property is a garage with additional land and dropped curb onto Bayswater Road.
Retail unit - Sold subject to existing tenancies.
Maisonette - Sold with vacant possession.
The property occupies a commanding position on the Gloucester Road overlooking Horfield Common yet close to the city centre with its business areas, shopping and leisure opportunities as well as some of the major institutions of Bristol including the University of Bristol and Southmead Hospital. Large employers such as MOD, Southmead Hospital, BAE Systems and Rolls Royce are close by and it is a short walk to Filton Abbey Wood Train Station whilst Gloucester Road has a regular bus service to the City Centre.
MIXED USE INVESTMENT - £25,400 pa
The property currently generates the following income
Retail Unit - £200 per week ( 10,400 pa ) - 9 year lease from 2009 now rolling
Maisonette - £15,000 pa ( Notice served for VP upon completion )
SCOPE TO INCREASE INCOME
The commercial tenant has indicated they would like to extend their lease at increased terms.
They have also suggested the new lease to include the land / garage to the rear with a view to erecting further therapy rooms - again at an increased rent.
No figures have been confirmed and interested parties will need to make their own investigations.
RESI DEVELOPMENT POTENTIAL
The property has huge potential for residential development with a range of possible schemes suitable subject to consents.
The property could be converted back in a 4 / 5 bedroom residential dwelling with garden and off street parking
The retail unit could be combined with a rear extension to create another large flat or potentially two units on the ground floor.
The property could be converted / extended to create a 5 - 7 bedroom HMO in this sought after letting area for both UWE and Bristol Uni as well as professional sharers where rents of upto £750 pcm per room are achievable.
POSSIBLE BUILDING PLOT
The garages and land at the rear may offer scope for a residential dwelling.
We understand that no planning of the nature of any of the aforementioned has been previously sought and buyers must make their own investigations.
PROPERTY DETAILS DISCLAIMER
Hollis Morgan endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact, and they do not constitute any part of an offer or contract. All Hollis Morgan references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation, or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide-angle lens. The seller does not make any representation or give any warranty in relation to the property, and we have no authority to do so on behalf of the seller.