>
5 bedroom flat for sale
Mixed Use | Development | Bishopston
£795,000
Mixed Use | Development | Bishopston
£795,000
Our Summary
- Hollis Morgan – APRIL LIVE ONLINE AUCTION – A Freehold MIXED USE BLOCK ( 3590 Sq Ft ) comprising 4 x FLATS | VACANT RETAIL ( A5 ) and RESI DEVELOPMENT - Potential £100k + paFor Sale By Live Online Auction - ADDRESS | 209 Gloucester Road, Gloucester Road, Bristol BS7 8NNLot Number TBCThe Live Online Auction is on Wednesday 23rd April 2025 @ 17:30Registration Deadline is on Monday 21st April 2025 @ 16:00The Auction will be streamed LIVE ONLINE via the Hollis Morgan website & you can chose to bid by telephone, proxy or via your computer
- Registration is a simple online process – please visit the Hollis Morgan auction website and click “REGISTER TO BID”The Property - A Freehold mid terraced mixed use property ( 3590 Sq Ft ) comprising the following;Vacant A5 Retail UnitVacant Resi to rear for DevelopmentFlat 1 – Rear Studio – AST @ £950 pcmFlat 2 – Front 2 Bed flat – AST @ £1550 pcmFlat 3 – Rear Studio @ £950 pcmFlat 4 – Front Studio @ £1000 pcmSold subject to existing tenancies
- DEVELOPMENTThe rear of the property is a large single storey building with scope for residential development and independent pedestrian access from Somerville RoadThe unit would suit either 2 x 2 beds or a single larger dwelling
- The existing A5 Retail unit which is at the front of the building with an excellent trading position onto Gloucester Road is currently vacant but has scope for a residential conversion and additional unit subject to consents
- There is also a large void section in the middle of the ground floor space that has no natural light but a lot of space and scope to be either Incorporated into either the retail unit space or into the rear development
- Danny Dean of The Bristol Residential Letting Co suggests a rent in the region of;209 Gloucester Road – Studio flats - £1050 - £1150pcm | - £1400pcm - £1500pcmIf you would like to discuss more detail on the potential for rental, you can call me on or email ( ) for a no obligation discussion
Description
A freehold mixed-use property in Bristol's Gloucester Road is up for sale by live online auction on April 23rd. The property, which spans 3,590 square feet, comprises four flats, a vacant A5 retail unit, and a rear section with potential for residential development. The flats are currently let on ASTs, producing £53,400 per annum. The property has a vacant A5 retail unit with potential for conversion into residential units or additional retail space, subject to consents. The location is excellent, with easy access to the city centre, universities, and major institutions. The property has potential for significant rental income, with estimates suggesting £100,000+ per annum. The auction will be streamed live online, and bidders can register until April 21st.