UNDER OFFER, Guide Price £305,000
102 - 104, Rodway Road, Patchway, BS34 5PG
6
5 
5
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SHORTLIST- FREEHOLD
- COMMERCIAL UNITS
- RESI PLANNING GRANTED
- 5 FLATS | GDV £850K
THE PROPERTY
A Freehold pair of commercial units ( 1129 Sq Ft ) in a rank of three with large gardens plus side and rear access.
Previously occupied by Coral Betting shops A1 / Sui Generis
Sold with vacant possession.
LOCATION
The property is located in Bristol Suburb of Patchway just off the M4/M5 Interchange with excellent geographical access to Aztec West and Woodlands business parks, Cribbs Causeway and the Aerospace Industries.
THE OPPORTUNITY
PLANNING GRANTED - 5 FLATS
Planning has been granted ( 2 x Consents ) to convert the ground floor and to add another two floors to create 5 flats in this sought after location ideal for investment and resale.
We understand there are no pre commencement conditions and the development is ready to go.
GDV
We understand the GDV is in the region of £850,000
SPV OPTION
The property is held in an SPV and we understand the seller will offer the SPV for sale could benefit from a substantial SDLT saving - please refer to legal pack.
PLEASE NOTE
The vendor is retaining the bottom half of the rear garden with a view to future development - please refer to online legal pack.
PROPOSED SCHEDULE OF DEVELOPMENT
GROUND FLOOR
Flat 1 | 445 Sq Ft
Open plan kitchen living space | Bedroom | Bathroom
Flat 2 | 657 Sq Ft
Open plan kitchen living space | Bedroom 1 | Bedroom 2 | Bathroom
FIRST FLOOR
Flat 3 | 419 Sq Ft
Open plan kitchen living space | Bedroom | Bathroom
Flat 4 | 419 Sq Ft
Open plan kitchen living space | Bedroom | Bathroom
TOP FLOOR
Flat 5 | 538 Sq Ft
Open plan kitchen living space | Bedroom | Bathroom
SCHEDULE OF GDV
The Hollis Morgan Land & New Homes team have appraised the GDV as follows;
1 Bed ( 41 Sq M ) £168,000
1 Bed ( 39 Sq M ) £165,000
1 Bed ( 39 Sq M ) £165,000
1 Bed ( 50 Sq M ) £170,000
2 Bed ( 61 Sq M ) £185,000
TOTAL ( 230 Sq M ) £853,000
PLANNING GRANTED | FLATS 1 & 2
ReferenceP22/06126/PNSG
Alternative ReferencePP-11641662
Application ReceivedMon 24 Oct 2022
Application ValidatedMon 24 Oct 2022
Address102 - 104 Rodway Road Patchway South Gloucestershire BS34 5PG
ProposalPrior notification for the change of use from betting shop (Sui Generis) to 2 no. dwelling (Class C3) as defined in the Town and Country Planning (Use Classes) Order 1985 as amended.
StatusUnknown
DecisionPrior Approval Granted with Conditions
Decision Issued DateThu 08 Dec 2022
Appeal StatusUnknown
Appeal DecisionNot Available
PLANNING GRANTED | FLATS 3,4 & 5
ReferenceP22/05600/F
Alternative ReferencePP-11505914
Application ReceivedTue 20 Sep 2022
Application ValidatedMon 26 Sep 2022
Address102 - 104 Rodway Road Patchway South Gloucestershire BS34 5PG
ProposalErection of 1no. additional storey over existing building to form 3no. residential flats with pitched roof (Class C3) with external staircase and associated works.
StatusDecided
DecisionApprove with Conditions
Decision Issued DateFri 25 Nov 2022
Appeal StatusUnknown
Appeal DecisionNot Available
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.