In order to provide you with the best online experience this website uses cookies. By using our website, you agree to our use of cookies. Close More Info

60 Bedrooms Commercial Property for sale in St Agnes, Bristol

help

60 Bedrooms Commercial Property - £1,800,000

St Agnes, Bristol

Share with your friends

Send to a FriendSend to Friend Icon

First listed on: 26th May 2016

Nearest stations: Stapleton Road (0.4 mi)Montpelier (0.5 mi)Lawrence Hill (0.8 mi)Redland (0.9 mi)Bristol Temple Meads (1.2 mi)

Interested in this property? Call See phone number 01179 467100

Check your Free Experian Credit score Check your Free Experian Credit score Check your Free Experian Credit score

Further Informations

More Information

Property Features

  • Single storey office building & car park
  • 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

Property Description

Occupying a prominent position facing on to Lower Ashley Road, between Gordon Road and Conduit Road, this is an unusual development opportunity. Planning has been passed for the demolition of the existing single storey office building and the erection of a 4 storey building providing 60 student bed spaces and circa 2,000 square feet of commercial space. The accommodation comprises 12 x studio flats and 8 x 6 bed flats.

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.

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 sqmOffice Unit 2: 95 sqm2 x 6 ensuite bedroom flatsOfficeLaundry roomBin 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.

Occupying a prominent position facing on to Lower Ashley Road, between Gordon Road and Conduit Road, this is an unusual development opportunity. Planning has been passed for the demolition of the existing single storey office building and the erection of a 4 storey building providing 60 student bed spaces and circa 2,000 square feet of commercial space. The accommodation comprises 12 x studio flats and 8 x 6 bed flats.

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.

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 sqmOffice Unit 2: 95 sqm2 x 6 ensuite bedroom flatsOfficeLaundry roomBin 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.

Read more

Useful Statistics In Your Area

We have collected some useful information to help you learn more about your area and how it may affect it's value. This could be useful for those already living in the area, those considering a move or a purchase of a buy-to-let investment in the area.

Price Trends

Local Statistics

Property Location

Property Street View

Price History

Listed prices are those submitted to us and may not reflect the actual selling price of this property.

Date History Details
26/05/2016 Property listed at £1,800,000

Schools

Disclaimer

Disclaimer Property reference 11837BS8_6771015. Details are provided and maintained by Morgan Beddoe Ltd. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

This property is marketed by

Morgan Beddoe Ltd

94e Whiteladies Road

Bristol

BS8 2QX

Telephone: See phone number 01179 467100

Arrange Viewing Arrange Viewing with Agent

Disclaimer

Disclaimer Property reference 11837BS8_6771015. Details are provided and maintained by Morgan Beddoe Ltd. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

Thinking of selling or renting your property?
Get a instant valuation today!

This property is marketed by

Morgan Beddoe Ltd

94e Whiteladies Road

Bristol

BS8 2QX

Telephone: See phone number 01179 467100

Arrange Viewing Arrange Viewing with Agent

Free Instant Valuation

Find out if you are charging enough rent or what your property would be worth if you were to sell now

Share with your friends

Send to a FriendSend to Friend Icon

Register For Free

Create an account for free today to unlock some great features of Net House Prices.

Contact Agent Check your credit rating
Show Sidebar
Free House Valuation

More Information Instant House Valuation With your local agents