Land and Garages to East of, 59, Somerset Terrace, Victoria Park, BS3 4LJ

FOR SALE BY AUCTION

*** SOLD PRIOR TO AUCTION ***

GUIDE PRICE £70,000 +++
SOLD @ £75,000

LOT NUMBER 30
Wednesday 19th July
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 pair of garages with an additional small parcel of land to the rear occupying an elevated position on this popular residential street.
Freehold and sold with vacant possession.

LOCATION

The Land lies within the popular residential suburb of Victoria Park with its acres of open parkland. Local amenities including independent retailers, pubs, bars, restaurants are all within close proximity as well as the ever popular North Street which is approximately one mile away. Parson Street train station is also within walking distance.

THE OPPORTUNITY

Planning has been granted to demolish the existing garages and erect a three bedroom house.
Subject to consents there is scope to rearrange the layout and access the property from the adjoining footpath to increase the usable space.

COVENANT

Please note that BCC have a 50% of the uplift in the value of the land once planning is started - please refer to legal pack

PLANNING GRANTED

Decision : GRANTED
Subject to condition(s) Application no: 17/01129/P
Type of application: Outline Planning
Site address: Garages, Somerset Terrace, Bristol,
Description of development: Outline application for the construction of a house, with Access to be considered.
Applicant: Mr Andy Cross
Committee/delegation date: 25.04.17
Date of Notice: 25.04.17

PLANNING INFORMATION

All plans, decision notices and elevations can be downloaded with the online legal pack.

NEW HOMES - GDV ADVICE

3 bedroom house - £325,000

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

The local experts say;

The Bristol Residential Letting Co. are confident this property would make a good rental investment if developed into flats for the professional market.
Don McKeever of The Bristol Residential Letting Co suggests a rent in the region of:

3 Bedroom House - £1100pcm - £1200pcm

If you would like to discuss more detail on the potential for rental, you can call Don (0117 370 8818) for a no obligation discussion. He will be very happy to advise on maximising the return on this property.