209, Gloucester Road, Bishopston, BS7 8NN

THE PROPERTY

ADDRESS | 209 Gloucester Road, Gloucester Road, Bristol BS7 8NN

A Freehold mid terraced mixed use property ( 3590 Sq Ft ) comprising the following;

COMMERCIAL

Vacant Retail Unit (Class E)

RESIDENTIAL

Flat 1 – Rear Studio – AST @ £895 pcm
Flat 2 – Front 2 Bed flat – AST @ £1500 pcm
Flat 3 – Rear Studio @ £925 pcm
Flat 4 – Front Studio @ £895 pcm
Sold subject to existing tenancies.

DEVELOPMENT

Vacant Resi to rear with scope for development ( stc )

Tenure - Freehold
Council Tax - Band A
EPC - C, E, C, & D

THE OPPORTUNITY

RESIDENTIAL INVESTMENT

The upper floors comprise 4 tenanted residential units ( 3 Studio | 2 Bed Flat ) let on AST producing £50,580 pa
The Flats are accessed via newly created entrance hall at the front of the property.

DEVELOPMENT @ REAR

The rear of the property is a large single storey building with scope for residential development and independent pedestrian access from Somerville Road
The unit would suit either 2 x 2 beds or a single larger dwelling.

RESI CONVERSION OF RETAIL UNIT

The existing Retail unit (Class E) which is at the front of the building with an excellent trading position onto Gloucester Road is currently vacant but has scope for a residential conversion and additional unit subject to consents.

Example of Conversion of Ground Floor @ 205 Gloucester Road in the same rank.
16/00625/F - Proposed change of use from existing single dwelling to 3 no.self-contained flats.

There is also a large void section in the middle of the ground floor space that has no natural light but a lot of space and scope to be either Incorporated into either the retail unit space or into the rear development.

All subject to gaining the necessary consents.

VACANT RETAIL UNIT (class E)

Local commercial lettings agents have quoted a rental income of £1400 pcm | £16,800 pa
Please note the current vendor has interest from local businesses at circa £1200 / £1500 pcm but no formal lease has been signed.
If you would like to discuss this further please contact us.

POTENTIAL £100K + INCOME

LOCATION

The property has an excellent position on the Gloucester Road with its eclectic range of shops and restaurant 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, UWE and the BRI.

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;

209 Gloucester Road – Studio flats - £1050 - £1150pcm | - £1400pcm - £1500pcm

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.