A substantial corner property comprising a triple fronted ground floor restaurant (approx. 1,500 sq ft) with 2 spacious flats above( 1 x 2-bed flat and 1 x 4-bed flat). The property is in need of refurbishment and offers potential for complete redevelopment to provide a scheme of various flats, subject to obtaining the necessary consents. Alternatively, the property offers excellent rental potential as a mixed-use investment. The property is situated in a prominent position in the heart of Westbury-On-Trym village.
SUBSTANTIAL CORNER PROPERTY WITH DEVELOPMENT POTENTIAL IN THE HEART OF WESTBURY ON TRYM
A prominent and substantial two storey corner property (over 2,900 sq ft) arranged as a triple fronted ground floor restaurant (which we are informed provides approximately 100 covers) with 2 large flats above (1x two bedroom flat and 1x four bedroom flat). The property would make for an ideal mixed-use investment with a potential rental income in the region of £60,000 per annum but also offers potential for conversion of the whole property to a scheme of several flats (perhaps 4-5), subject to obtaining the necessary consents.
The property is situated in a prominent position on the junction of Passage Road, Henbury Road and the High Street in Westbury-On-Trym. The village offers a wide range of local shops, bars and restaurants and provides easy access to Cribbs Causeway and the M5/M4.
RENTAL POTENTIAL -
Following the refurbishment works we would anticipate the following rental figures for the respective parts of the building in its current arrangement:
GROUND FLOOR RESTAURANT: £25,000 Per Annum
2-BEDROOM FLAT: £1,000 pcm (£12,000 Per Annum)
4-BEDROOM FLAT: £2,000 pcm (£24,000 Per Annum)
Total Gross Income: £61,000 Per Annum
Offered for sale on a freehold basis with vacant possession.
Please refer to floor plan for approximate room measurements and internal layout.
GROUND FLOOR -
Arranged as a triple fronted restaurant with spacious rear kitchen and toilets, formerly trading as the British Raj.
FIRST FLOOR - FLAT 1 -
Arranged to provide a kitchen, lounge, two bedrooms and a shower room.
FIRST FLOOR - FLAT 2 -
Arranged to provide a lounge, four bedrooms, a shower room and kitchen.
There is a small courtyard to the rear with pedestrian rear access and an external staircase to the first floor flats.
ENERGY PERFORMANCE CERTIFICATE -
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.