Get brand editions for Morgan Beddoe, Clifton

Land for sale

St Agnes, Bristol

Offers in Region of £1,800,000

Property Description

Key features

  • Re-available from the 8th May 2017
  • Single storey office building & car park with planning for demolition and creation of:
  • 4 storey building with 60 student beds + cirac 2000 sqft of office space
  • 8 x 6 bed flats
  • 12 x studio flats
  • 2 x office units
  • Close to M32 & City centre
  • 1.5 miles to new Bristol Uni Temple Quarter Campus
  • 1.4 miles to main Bristol Uni Campus
  • 0.7 miles to nearest UWE bus stop

Full description

Re-available from the 8th May 2017 this is a substantial development opportunity with outline planning for 60 student beds spaces and circa 2,000 sqft of commercial space situated approx 1.5 miles from the new Bristol University Temple Quarter Campus


Situation 
The property is situated in a prominent position on Lower Ashley Road between Gordon Road & Conduit Road. It benefits from close proximity to Junction 3 of the M32 putting the city centre within easy reach. Eastville shopping centre is close to hand together with the popular St Marks Road and Stokes Croft. There are good public transport links near by with local train stations in Montpelier and Stapleton Road.

Univeristies 
Bristol University announced in November 2016 that they will be building a new "Temple Quarter Campus" next to Bristol Temple Meads train station, approximately 1.5 miles from the site and is planned to be opened for the 2021/22 academic year. The main Bristol campus is approx. 1.4 miles away making this an ideal location to cover bother campuses. The main UWE Frenchay campus has a regular bus service from nearby Bond Street (0.7 miles approx.)

Description 
This is an opportunity to redevelopment a site of a approximately 0.25 acres. On site at the moment is a single storey office building dating from the 1980's and car parking. Planning permission has been passed for the demolition of the existing building and the erection of a 4 storey building providing student accommodation and office space.

Planning 
Application 15/05530/P provides Outline Planning Permission for the proposed removal of the existing single storey office building and provision of a four storey mixed used development, comprising office areas to the ground floor and student accommodation above. The full planning file can be viewed at http://planningonline.bristol.gov.uk/online-applications/applicationDetails.do?activeTab=summary&keyVal=NWXLIHDNGO200

Planning History 
The site has been subject to a previous successful application for residential development on a similar scale. Approved as an outline application in 2007. The previous application contained 24No. flats, office accommodation to the ground floor and an underground parking facility. Refer to application ref: 06/04740/P

Proposed accommodation 
The proposed accommodation details 8 x 6 bedroom flats and 12 studio flats with ground floor office space

Ground Floor Proposed Accommodation 
The ground floor consists of: Office unit 1: 88 sqm Office Unit 2: 95 sqm 2 x 6 ensuite bedroom flats Office Laundry room Bin Store

First Floor Proposed Accomdation 
3 x 6 ensuite bedroom flats

Second Floor Proposed Accommodation 
3 x 6 ensuite bedroom flats

Third Floor Proposed Accommodation 
12 x self contained studio flats

Potential Commercial Rents 
The commercial units are likely to rent for between £12 - £15 per sqft, giving a total annual rent of circa £25,000 - £30,000. They may be scope for going back into planning for a change of use to residential. For further advice on commercial rents we recommend you contact Nigel K Hicks & Co on 0117 961 0099

Potential Residential Rents 
The 6 bedroom flats are likely to rent for between £450 - £500 PCM plus bills, giving a total annual rent of £259,200 - £288,000. The studio flats are likely to rent for circa £600 PCM plus bills, giving a total annual rent of £86,400. For advice on student letting we recommend you contact Purple Frog on 0117 370 3330.

Total Predicted Annual Rent 
The total predicted annual rent is in the region of £370,600 - £404,400

Tenure 
Freehold

Possession 
The property is currently being let on an ad-hoc basis, however, will be sold with vacant possession.

More information from this agent

Listing History

Added on Rightmove:
23 May 2016

Nearest stations

  • Stapleton Road (0.5 mi)
  • Montpelier (0.5 mi)
  • Lawrence Hill (0.8 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Morgan Beddoe, Clifton

94e Whiteladies Road, Clifton, Bristol, BS8 2QX

0117 407 0151 Local call rate

How much will it cost me to call the number displayed on the site?

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Map & Street View

Nearest stations

  • Stapleton Road (0.5 mi)
  • Montpelier (0.5 mi)
  • Lawrence Hill (0.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Morgan Beddoe, Clifton

94e Whiteladies Road, Clifton, Bristol, BS8 2QX

0117 407 0151 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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