138, Church Road, Redfield, Bristol, BS5 9HH

Asking Price £199,950 - Sold Subject to Contract

  • Mixed-use investment property
  • Potential to create a retail unit and 2-bedroom maisonette
  • Prime position on Church Road
  • Potential rental income of circa £28,800 PA
  • Ideal for investors, developers and owner occupiers

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An exciting redevelopment/investment opportunity comprising a 3-storey freehold property, situated in a prominent position on Church Road in the heart of Redfield. Presented in shell form, the property offers excellent scope to reconfigure the accommodation to provide a ground floor retail until with a 2-bedroom maisonette above, subject to consents. An ideal prospect for owner occupiers and investors/developers with a potential rental income in the region of £28,800 per annum once renovated.

DESCRIPTION -

An exciting redevelopment/investment opportunity comprising a 3-storey freehold property, situated in a prominent position on Church Road in the heart of Redfield. Presented in shell form, the property offers excellent scope to reconfigure the accommodation to provide a ground floor retail until with a 2-bedroom maisonette above, subject to consents. An ideal prospect for owner occupiers and investors/developers with a potential rental income in the region of £28,800 per annum once renovated.

LOCATION -

The property is situated in a prominent position on Church Road in Redfield in a mixed parade of shops, cafes and restaurants. Excellent transport links are provided to Bristol city centre.

POTENTIAL RENTAL INCOME -

If planning consent can be obtained to convert the property into a ground floor retail until and a first and second floor maisonette as per the proposed plans, we would anticipate the following rental figures:

Shop - £12,000 Per Annum
Maisonette - £1,400 pcm (£16,800 Per Annum)

TOTAL: £28,800 Per Annum

PROPOSED PLANS -

The proposed plans included in these marketing particulars have been prepared to demonstrate the potential reconfiguration to convert the upper floors to a 2-bedroom maisonette. No planning applications have been submitted to the Local Authority at the current time.

LOCAL AUTHORITY -

Bristol City Council.

TENURE -

The property is to be sold on a freehold basis with vacant possession.

BUSINESS RATES -

The Rateable Value with effect from April 2023 is £ . We therefore would expect those eligible for small business relief to benefit from 100% exemption at this time. However, we advise all interested parties to confirm directly with the local authority.

ENERGY PERFORMANCE CERTIFICATE (EPC) -

Rating: C (expires August 2033).

FLOOR PLAN -

The floor plan is provided for indicative purposes only and should not be relied upon.

VAT -

All figures quoted are exclusive of VAT unless otherwise stated.

VIEWINGS -

By appointment.

CONTROL OF ASBESTOS REGULATIONS -

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.

Floorplan for Church Road, Redfield, Bristol