Development Opportunity – Approx. 0.67 Acre Prime Site
A rare opportunity to purchase a substantial site measuring approximately 0.67 acres, in an area undergoing significant redevelopment. Full planning consent has been granted for the demolition of the existing house and the erection of a new four storey development of 22 apartments. The site is bordered on one side by Mollie's Diner and by Miller & Carter Steakhouse on the other. As such, the site also presents scope for a wide range of alternative residential and commercial redevelopment schemes, subject to obtaining the necessary planning consents.
A superb site in a prime strategic location that will appeal to a range of developers.
DESCRIPTION -
An exceptional opportunity to acquire a substantial development site extending to approximately 0.67 acres, situated within an area experiencing significant ongoing regeneration and redevelopment.
The property benefits from full planning permission for the demolition of the existing dwelling and the construction of an impressive four-storey scheme comprising 22 modern apartments, presenting a ready-to-implement residential development project.
Strategically positioned, the site sits between Mollie’s Diner and Miller & Carter Steakhouse, providing excellent visibility and access within a well-established commercial and residential setting. In addition to the approved scheme, the site may offer further potential for alternative residential or commercial redevelopment, subject to the relevant planning permissions.
This prime and versatile development site offers a rare opportunity for developers seeking a high-profile location with strong future potential.
LOCATION -
The site is situated in a prime position between Mollie's DIner and Miller & Carter on Cribbs Causeway, with direct access and frontage onto the A4018. Junction 17 of the M5 motorway can be reached within 400 metres and a wide variety of retail and leisure facilities are on the doorstep at The Mall at Cribbs Causeway. The Mall comprises of an enclosed shopping complex, retail parks, restaurants, supermarkets, a cinema, bowling alley and gym. Excellent transport links are provided to Bristol city centre, which is located approximately 5.5 miles to the south.
PLANNING -
Full planning permission has been granted for the demolition of the existing dwelling and the erection of 22 flats, including alterations to the existing vehicular access and the construction of parking areas.
Planning Application Reference - P20/16564/F
Planning Granted - 21 February 2024
Local Authority - South Gloucestershire Council
The site may also be suitable for a wide range of alternative residential or commercial redevelopment schemes, subject to obtaining the necessary planning consents.
SECTION 106 AGREEMENT -
The approved planning consent above is subject to a Section 106 Agreement, which includes an 'Off Site Open Spaces Contribution' in the amount of £67,589.
PROPOSED SCHEDULE OF ACCOMMODATION -
The approved planning consent comprises a scheme of 22 apartments (13 x 2-bedroom apartments and 9 x 1-bedroom apartments). We understand the planning consent includes a requirement for 8 of the 22 apartments to be Affordable Homes, seven of which for social rent and one of which for shared ownership.
EXISTING ACCOMMODATION -
The site is currently occupied by a substantial detached house comprising an entrance hall, two reception rooms, a kitchen/breakfast room, utility room and integral garage on the ground floor with four bedrooms and a bathroom on the first floor.
SITE PLAN & AERIAL IMAGES -
The site plan and aerial images are provided for indicative purposes only, please refer to the title plan within the legal pack for confirmation of the site boundaries.
TENURE -
Understood to be freehold.
VIEWING -
Strictly by appointment with Maggs & Allen - 0117 973 4940.
