Level parcel of land with outline planning consent pending for the erection of five 4 bedroom detached houses with garages and gardens.
The site is situated on Players Close off Old Gloucester Road in Hambrook, a delightful village on the outskirts of Bristol between Winterbourne and Frenchay. Easy access is provided to the A4174 Ring Road, M4 and Bristol City Centre which is located approximately 6 miles South via the M32. The approved planning consent will facilitate an exclusive development of 5 detached houses that will appeal to those seeking a sizeable family home in a semi-rural location within easy reach of the City Centre.
Erection of five dwellings and gardens with asociated access.
The current application is for outline planning consent for the erection of 5 detached dwellings with the exact design, layout and appearance to be confirmed at the Reserve Matters stage. The plans provided with the current application indicate that the detached houses would measure 160sqm each, 3 of which would have integral garages and 2 would have detached garages.
We anticipate resale values of the proposed houses to be in the region of £500,000 - £550,000 each depending on finish, giving a GDV for the site of circa £2,500,000 - £2,750,000.
Following a meeting with the planning case officer, the vendor has been advised that the application is going to be recommended for approval subject to the following:
1) A Section106 is currently being agreed with a commuted sum of £50,000 for the provision of a traffic island on the Old Gloucester Road to provide a pedestrian crossing point. The cost is to be divided into 2 instalments, one payable on first occupation and the second on occupation of the third dwelling.
2) The Council also require Players Close to be widened to 6 meters around the bend from Old Gloucester Road and 4.8m from the point where it straightens down to the southern end of the site. A 1.8m footpath and Street lighting at 40m spacing is also required along this widened stretch.
The site is for sale by informal tender and offers are sought on an unconditional basis. Written offers to purchase must be received no later than 12noon on Wednesday 10th August 2016 and should include timescales and purchasing position.
A Tender pro forma is available upon request.
Strictly by appointment with Maggs & Allen.
Tel: 0117 973 4940
Maggs & Allen use all reasonable endeavors to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
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.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.