Development Site on Gloucester Road, Bishopston

Property Details: • Type: Plot • Tenure: N/A • Floor Area: N/A

Key Features: • Prime location on Gloucester Road • Planning Consent Granted • Aparthotel / HMO • Potential for a variety of schemes • Potential Gross Rent of £156,000pa

Location: • Nearest Station: Montpelier Station • Distance to Station: 0.6 miles

Agent Information: • Address: 60 Northumbria Drive, Henleaze, Bristol, BS9 4HW

Full Description: A development site situated in a highly desirable location on Gloucester Road, Bishopston.Full planning consent has been granted for the demolition of the existing buildings and construction of a single residential blocking comprising a Sui Generiss HMO and a Use Class C1 aparthotel.The scheme provides for a 7 bed aparthotel and a further 4 bedroom HMO, although offers potential for a variety of schemes, subject to obtaining the necessary consents.Description - A development site situated in a highly desirable location on Gloucester Road, Bishopston. Full planning consent has been granted for the demolition of the existing buildings and construction of a single residential building comprising an HMO and a Use Class C1 aparthotel. The scheme provides for a 7 bedroom aparthotel and a further 4 bedroom HMO, although offers potential for a variety of schemes, subject to obtaining the necessary consents.Location - The property is situated in a prominent position on Gloucester Road in Bishopston, close to the junction with Egerton Road. A wide range of local amenities are available on Gloucester Road and excellent transport links are provided to the city centre.Tenure - Offered for sale on a freehold basis, and with vacant possession.Floor Plan - The floor plan is provided for indicative purposes only and should not be relied upon.Planning - Application No: 22/01385/FProposal: Demolition of all buildings and construction of single residential block comprising a sui generis HMO, and a Use Class C1 aparthotel with associated external space, refuse and cycle storage.Date of decision: 6th January 2023.Potential Rent - There is potential to create a further/8th bedroom in the aparthotel and our client has obtained a rental appraisal on this basis, from an established HMO/aparthotel specialist. They anticipates a rent in the region of £750pcm per room for the HMO, and circa £1250pcm per room in the aparthotel (based on 80% occupancy). Based on a 4 bedroom HMO and 8 bed aparthotel this therefore equates to a potential gross annual rent of £156,000pa.Vat - All figures quoted are exclusive of VAT unless otherwise stated.Viewings - By appointment.Control Of Asbestos Regulations - As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.BrochuresDevelopment Site on Gloucester Road, BishopstonEnergy Performance CertificatesEE RatingEI Rating