Development Site, 37, Herbert Street, Bedminster, BS3 4EY

FOR SALE BY AUCTION

SOLD £240,000

LOT NUMBER 4
Wednesday 27th November 2013
All Saints Church Pembroke Road, Clifton, Bristol BS8 2HY
Legal packs will be available for inspection from 18:00.
The sale will begin promptly at 19:00

THE LAND

Full planning permission has been granted for the erection of six two bedroom flats and five one bedroom flats.

LOCATION

Herbert Street is located in the popular residential suburb of Bedminster. West street and East street are both within walking distance and offer a wide variety of amenities including bars, pubs, cafes and independent retailers. Bristol City Centre and the Harbourside district is within a mile whilst there are also regular public transport links running from Bedminster to the Cabot Circus shopping complex which is approximately two miles away.

PLANNING

Erection of a four storey building, to accommodate eleven flats (six two bedroom and five one bedroom).

V A T

VAT will be chargeable on this sale at the standard rate of 20%

PLANNING INFORMATION

Reference: 12/03310/F
Alternative Reference: PP-02101717
Address: 86 East Street (37 Herbert Street) Bedminster Bristol BS3 4EY
Proposal: Erection of a four storey building, to accommodate 11 no. flats (6 no.2 bed and 5 no. 1 bed) - Major Application.
Status: GRANTED subject to condition(s)

RESALE VALUES

We are informed the resale values are in the region of:
1 bed new builds - £120,000 - £125,000
2 bed new builds - £150,000 - £160,000 (varies with parking and size of flats)
The overall GDV is circa £1.5m
Please make your enquiries as these figures are to be used as a Guide following discussions with local agents in BS3.