***EXCITING DEVELOPMENT/INVESTMENT OPPORTUNITY*** A rare opportunity to acquire a substantial mixed-use freehold property situated in a prominent and busy trading position on Gloucester Road in Bishopston. The property comprises a substantial extended retail unit (approx. 1,375 sq ft) with a 2-bedroom flat above and an additional two storey brick-built coach house/workshop to the rear with adjoining courtyard. The property offers potential to create further residential dwellings through the redevelopment of the rear workshop and courtyard, subject to obtaining the necessary consents. Early enquiries are recommended.
A large extended retail premises of approximately 1,375 sq ft with an additional rear two storey annexe and courtyard providing ancillary storage and workshop space. The first floor comprises a well presented 2 bedroom flat, currently let on an AST at £900 pcm. A fantastic investment opportunity with further development potential, subject to consents.
The property is situated on the ever popular Gloucester Road (A38) amongst a mixed parade of independent shops, restaurants, cafés, pubs and bars. Gloucester Road is home to one of the longest stretches of independent shops in the UK and is located approximately 2.3 miles from the Bristol City Centre.
The property is offered for sale on a freehold basis with vacant possession of the ground floor and rear annexe. The first floor flat is sold subject to the existing Assured Shorthold Tenancy agreement.
ACCOMMODATION (Approximate GIA) -
Retail Unit - 1,375 sq ft (127.7 sq m)
Rear Annexe - 1,100 sq ft (102.2 sq m)
First Floor Flat - 772 sq ft (71.7 sq m)
DEVELOPMENT POTENTIAL -
The property offers scope for a range of different redevelopment schemes. The rear two storey annexe could be converted into a 2-bedroom mews house and the courtyard and single storey extension connected to the retail premises offer further potential for residential accommodation, subject to obtaining the necessary planning consents. All interested parties should make their own enquiries with the Local Authority planning department.
LOCAL AUTHORITY -
Bristol City Council.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
BUSINESS RATES -
The Rateable Value effective from April 2017 as per the VOA website is £26,250. This currently includes the rear annexe.
ENERGY PERFORMANCE CERTIFICATE -
Commercial EPC: D (Expires June 2022)
Residential EPC: F (Expires June 2023)
By appointment with Maggs and Allen.
Please note the ground floor shop with rear annexe is also available to let at £30,000pa.
All figures quoted are exclusive of VAT unless otherwise stated.
CONTROL OF ASBESTOS -
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for asbestos and therefore recommend all interested parties to make their own enquiries.
Maggs & Allen use all reasonable endeavours 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.