East Garages, Rosemary Lane, Eastville, BS5 6YF

FOR SALE BY AUCTION

*** SOLD @ AUCTION ***
GUIDE PRICE - £185K +++
SOLD @ £200K

LOT NUMBER 17
Wednesday 19th July 2017
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 Freehold corner plot comprising a row of four lock up garages with adjoining land.

LOCATION

The garages are located in a popular residential suburb of Eastville with excellent access to Bristol City Centre, Cabot Circus Retail Complex and the M32 Motorway network.

THE OPPORTUNITY

Planning has been granted to demolish the existing garages and erect a scheme of 2 x 1 Bedroom Flats and 2 x 2 Bedroom flats with parking.

2 x 1 Bedroom Flats ( 50 Sq M ) - £170,000 per unit
2 x 2 Bedroom Flat ( 61 Sq M ) - £185,000 per unit

GDV £710,000

PLANNING GRANTED

Decision : GRANTED subject to condition(s)
Application no: 16/03387/F
Type of application: Full Planning
Site address: East Garages, East Park, Bristol.
Description of development: Erection of 4x new dwellings following demolition of
existing garage block.
Applicant: CMBM Ltd
Agent: Hadfield Associates Architects
Committee/delegation date: 17.02.17
Date of Notice: 17.02.17

PLANNING INFORMATION

Full details of the scheme including drawings, elevations and decision notices can be downloaded with the online legal pack.

NEW HOMES - GDV ADVICE

Please contact Calum Melhuish from the Hollis Morgan New Homes team to discuss GDV and details on this development.
0117 973 65 65
Calum@hollismorgan.co.uk

RENTAL APPRAISAL

Having determined this property’s viability for investment, we are pleased to offer our services to investors that are interested in purchasing the land on Rosemary Lane, Eastville.

The Bristol Residential Letting Co. is one of the largest independent letting & property management companies specialising in the City of Bristol. As well as letting and management, we advise investors on potential investment opportunities. We identify investment properties for current landlords/investors and advise investors like you on the suitability of a property for the Bristol professional rental market.

Having been operating for 10 years, we now have 2 thriving branches. Our Clifton based branch covers the North of the City, while our Southville based branch covers the South of the City. By covering the majority of Bristol, we have become experts in our City.

What rent can we achieve for you?
The Bristol Residential Letting Co. are confident this would make a good rental investment. Josh Box of The Bristol Residential Letting Co suggests a rent in the region of:

1 bedroom flat - £695pcm
2 bedroom flat - £800pcm

If you would like to discuss more detail on the potential for rental, you can call me (0117 370 8818) or email (josh@bristolreslet.com) for a no obligation discussion. Alternatively why not drop into my Office (222 North Street, Southville, BS3 1JD) where I am always happy to advise investors on maximising their investment.