Land to Rear of 7, Brunswick Square, Pembroke Street, City Centre, BS2 8AH

FOR SALE BY AUCTION

GUIDE PRICE £210,000
SOLD @ AUCTION £355,000


LOT NUMBER 25
Wednesday 18th November 2015
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

A parcel of land currently used as parking spaces on Pembroke Street.

LOCATION

The land is located betwixt the iconic Brunswick Square and Portland Square just 500 metres of the newly developed Cabot Circus. Access to the regional motorway network via the M32 is within half a mile whilst local bus routes operate in the City Centre.

THE OPPORTUNITY

Planning has been granted to erect stylish development of six flats over three floors with bike and bin stores
GDV - Circa £1m

GROUND FLOOR

FLAT 1 - 1 BED
FLAT 2 - 1 BED

FIRST FLOOR

FLAT 3 - 1 BED
FLAT 4 - 2 BED ( PLUS TERRACE )

TOP FLOOR

FLAT 5 - 1 BED
FLAT 6 - 2 BED ( PLUS BALCONY )

PLANNING GRANTED

Reference 15/01589/F
Alternative Reference PP-04081893
Application Received Fri 27 Mar 2015
Application Validated Mon 13 Apr 2015
Address Pembroke Court Pembroke Street Bristol BS2 8AH
Proposal 6no. apartments on site currently used as a car park, involving the part demolition of the existing walls.
Status Decided
Decision GRANTED subject to condition(s)
Decision Issued Date Mon 10 Aug 2015

RE SALE VALUES

Studio: £120,000

One bedroom: £145,000

Small two bedroom: £170,000

Large two bedroom: £200,000

RENTAL APPRAISAL

The local lettings experts say:
The Bristol Residential Letting Co. are confident once developed these apartments will make good rental investments. Danny Dean of The Bristol Residential Letting Co suggests a rental range of £800-£850pcm will be achievable on the 1 bedroom apartments depending on size and finish and £950 - £1050 on the 2 beds. If you would like to discuss more detail on the potential for rental, you can call me (0117 973 5237) or email (danny@bristolreslet.com) for a no obligation discussion. Alternatively why not drop into my Office (19 Clifton Down Shopping Centre, Whiteladies Rd, Clifton, Bristol, BS8 2NN) where I am always happy to advise investors on maximising their investment.