2 - 4, Parsons Avenue, Stoke Gifford, BS34 8PL

THE PROPERTY

ADDRESS | 2 - 4 Parsons Avenue, Stoke Gifford, Bristol BS34 8PL

A Freehold mixed use detached block comprising a pair of ground floor commercial units and two self contained 2 bedroom flats with a wedged garden to the rear.
Please note the retail unit at 2 parsons Avenue has been sold on a long leasehold.
Subject to existing tenancies.

The sale will be for the freehold with three vacant unit ( 2 residential and 1 commercial) and then the remaining commercial tenant has a 125 year lease purchased in March 2024. They pay a contribution towards the insurance and there is a contribution clause within the lease for a proportion of the costs of the maintenance and repair of the accessway.

Tenure - Freehold
Council Tax -
EPC -
Utilities, Rights & Restrictions - Please refer to the Legal Pack
Flood Risk - Please refer to the Legal Pack

THE OPPORTUNITY

MIXED USE INVESTMENT

The property comprises 3 elements.

4 Parsons Avenue - ground floor shop
4a Parsons Avenue -Self contained 2 bedroom flat | Vacant
2a Parsons Avenue - Fire Damaged self contained 2 bedroom flat | Vacant

Please refer to independent rental appraisal.

FLAT 2a | FIRE DAMAGE

We understand the fire was contained within the kitchen however all the rooms have smoke damage. A structural inspection was carried out in September 2024 which confirmed that none of the load bearing walls have been damaged but there is some smoke damage and charring to the timbers forming the roof structure. The damage to the roof is confined to the area above the cooker in the kitchen. The rafters, purlins and trusses don’t appear to have been damaged by the fire. The damage was limited to three ceiling joists and a binder, all located close to the party wall. The report concluded that the roof structure is not considered to be seriously comprised as regards its structural integrity and that only local repairs are needed.
Interested parties cannot rely on this report and must make their own investigations.

LOCATION

The property is located in a prominent trading position within the popular suburb of Stoke Gifford. Local amenities and services including a Co- Operative Supermarket are all within walking distance. Bristol Parkway Railway Station is within one mile whilst the M4 / M5 and M32 Motorway Networks are approximately three miles away.

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;

2 - 4, Parsons Avenue – £1200pcm - £1300pcm per 2 bed flat

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.

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.