A development site situated in a popular residential location, benefiting from full planning consent for the erection of 5 x three storey 3 bedroom houses with parking and gardens. We would suggest the site may offer potential for a high density scheme, subject to obtaining the necessary consents.
The site is situated on Argus Road just off West Street providing easy access to the shops and amenities of North Street and East Street.
Three storey houses arranged as a ground floor kitchen/diner with downstairs WC, first floor lounge and bedroom with 2 further bedrooms and bathroom on the top floor. Allocated parking for all houses. 90 sq m each (Net Internal Area).
Three storey houses arranged as a ground floor kitchen/lounge with further dining room, two bedrooms and bathroom to the first floor with the third bedroom and bathroom on the top floor. Allocated parking for all houses. 90 sq m each (Net Internal Area).
We would anticipate a gross development value in the region of £1,625,000 - £1,675,000 (£325,000 - £335,000 per house).
However, we consider the site may offer potential to vary the scheme and replace the rear houses with a block of flats, subject to consents. This could increase the GDV significantly.
Application No: 16/04363/F
Description of Development: Redevelopment of former scrap metal yard to provide 5x 3 storey dwellings.
Date of Notice: 23.09.16
We are informed that works to commence the development have taken place and the Council therefore recognise the planning as live.
New accommodation: 510 sq m
The CIL payment has been calculated at: £21,956.70
The property is to be sold by private treaty on a freehold basis with an Asking Price of £750,000
Each party is responsible for their own legal costs incurred in respect of this transaction.
Bristol City Council.
Strictly by appointment with Maggs and Allen only
All figures quoted are exclusive of vat unless otherwise stated.
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.
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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.
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