POSTPONED TO ALLOW FOR VACANT POSSESSION
LOT 4
A prime Freehold for a home or development
13
GUIDE PRICE : £1.2 M +++
Sneyd Park
n imposing Freehold period property currently arranged as two units – 7 bed ground floor/first floor maisonette and a 4 bed second floor flat – set on a large plot with off street parking, front and rear gardens and double garage - located on one of the most highly sought after roads in BS9. A
Conversion to Five flats The house has full planning and building regs approval for 5 large 2 bed flats (including 2 x 2 bed garden flats) as well as Party Wall Act consent in place to start work immediately. Very rarely does a property come to the market that is so flexible in its range of use and can be immediately developed to realise a Gross Development Value of in excess of £2.25++ million Planning information DECISION : GRANTED subject to condition(s); APPLICATION NO : 13/04193/LA; TYPE OF APPLICATION : Listed Building Consent (Alter/Extend); DESCRIPTION OF DEVELOPMENT : Convert house from multiple occupation to 5 No. self contained flats. COMMITTEE / DELEGATION DATE : 19.12.14; DATE OF NOTICE : 19.12.14;
A rare opportunity to acquire a Freehold property in this highly sought after location. The property has been let for many years and does now require updating but has huge flexibility and scope for a number of schemes. Family Home The house could revert back to a substantial single dwelling with 5/7 bedrooms, large garden and double garage with off street parking for several cars. Subject to change of use planning permission . HMO Investment property The property is fully licensed as an HMO by Bristol City Council and could continue in its current usage as 2 flats or 11 rooms. They have been fully let (all bills included) at an average rent of £400 per tenant per calendar month – generating approx. £52k per year and are all let to young professional tenants on an AST.
SOLICITORS
contact:
Mark Griffiths, Henriques Griffiths
Email: mgriffiths@henriquesgriffiths.com
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