UNDER OFFER, Guide Price £375,000
267, Gloucester Road, Bishopston, BS7 8NY
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SHORTLIST- FREEHOLD
- PERIOD PROPERTY
- REAR GARDEN
- 2 X PARKING
- VACANT
- CURRENTLY MIXED USE
- SCOPE FOR FAMILY HOME
- POTENTIAL HMO
THE PROPERTY
ADDRESS | 267 Gloucester Road, Bishopston, Bristol BS7 8NY
A Freehold mid terraced period property with accommodation ( 1200 Sq Ft ) arranged over two floors. The upper floor has a separate Leasehold title with the residue of 999 years remaining ( please refer to the legal pack for more information ) The property also benefits from an enclosed rear garden and two off street parking spaces at the front with vehicular access from Gloucester Road.
The property was purchased by the vendor in 2014 and was at the time arranged as an antique shop front ground floor, a one bed studio garden flat with separate kitchen/bathroom on the rear of the ground floor and a self contained one bedroom flat on the first floor.
The vendor has since rearranged the layout to integrate the ground floor with the adjoining property ( Planning Ref 14/05106/F ) in order to expand the business with various treatment rooms and a renovated flat on the first floor.
Sold with vacant possession.
Tenure - Freehold & Leasehold flat above (residue of 999 years)
Council Tax - C
EPC -
Utilities, Rights & Restrictions - Please refer to the Legal Pack
Flood Risk - Please refer to the Legal Pack
THE OPPORTUNITY
FAMILY HOME | PARKING | GARDEN
We understand there is scope to convert the property into a four bedroom family home subject to consents.
Interested parties should note that the property next door has been converted from a mixed use building into a 4 bedroom residential family home with parking and garden - we understand it was recently on the market at £520,000.
Interested parties should refer to their broker / lender if intending to purchase with a residential mortgage due the current mixed use of the building.
SCOPE TO EXTEND | ATTIC CONVERSION
There is scope to extend the property to the rear and into the attic subject to consents.
HMO
There is a huge demand for shared house / HMO style accommodation in the area and given the current usage we understand there is scope for conversion to HMO.
Subject to consents
FLAT CONVERSION
There is scope to reinstate the original layout of two flats and scope ( subject to consents ) for a purely residential block.
MIXED USE INVESTMENT
There is potential to reinstate the shop front and provide private access to the flat for two self contained units in a mixed use investment block.
Subject to any consents.
HISTORIC PLANNING
Reference14/05106/F
Alternative ReferencePP-03712782
Application ReceivedWed 15 Oct 2014
Application ValidatedTue 18 Nov 2014
Address267 Gloucester Road Bishopston Bristol BS7 8NY
ProposalChange of use from shop and residential to beauty salon. Installation of new shop front.
StatusDecided
DecisionGRANTED subject to condition(s)
Decision Issued DateMon 19 Jan 2015
Appeal StatusUnknown
Appeal Decision
RENTAL APPRAISAL
What rent can we achieve for you?
The Bristol Residential Letting Co. are confident this property would make a good rental investment if brought to a standard suitable for the professional rental market. Danny Dean of The Bristol Residential Letting Co suggests a rent in the region of;
267, Gloucester Road – Family home - £1800pcm - 2000pcm – HMO - £650 - £750prpcm
If you would like to discuss more detail on the potential for rental, you can call me on 07738766640 or email (danny@bristolreslet.com) for a no obligation discussion. I am always happy to advise investors on maximising their investment.
LOCATION
The property has an excellent position on the upper end of Gloucester Road with its eclectic range of independent shops and restaurants and 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, University of West of England and the BRI.
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.