SCOPE FOR HOME / HMO | BS7, 3 bedroom, Commercial - 32898904

*** SOLD @ APRIL ONLINE AUCTION *** GUIDE PRICE £350,000 +++ SOLD @ £375,000 ADDRESS | 267 Gloucester Road, Bishopston, Bristol BS7 8NY Lot Number 19 The Live Online Auction is on Wednesday 17th April 2024 @ 17:30 Registration Deadline is on Monday 15th April 2024 @ 16:00 The 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” A Freehold mid terraced period property with accommodation ( 1200 Sq Ft ) arranged over two floors. The upper floor has a separate Leasehold title with the residue of 999 years remaining ( please refer to the legal pack for more information ) The property also benefits from an enclosed rear garden and two off street parking spaces at the front with vehicular access from Gloucester Road. The property was purchased by the vendor in 2014 and was at the time arranged as an antique shop front ground floor, a one bed studio garden flat with separate kitchen/bathroom on the rear of the ground floor and a self contained one bedroom flat on the first floor. The vendor has since rearranged the layout to integrate the ground floor with the adjoining property ( Planning Ref 14/05106/F ) in order to expand the business with various treatment rooms and a renovated flat on the first floor. Sold with vacant possession. Tenure - Freehold & Leasehold flat above ( residue of 999 years ) Council Tax - C EPC - Utilities, Rights & Restrictions - Please refer to the Legal Pack Flood Risk - Please refer to the Legal Pack FAMILY HOME | PARKING | GARDEN We understand there is scope to convert the property into a four bedroom family home subject to consents. Interested parties should note that the property next door has been converted from a mixed use building into a 4 bedroom residential family home with parking and garden - we understand it was recently on the market at £520,000. Interested parties should refer to their broker / lender if intending to purchase with a residential mortgage due the current mixed use of the building. SCOPE TO EXTEND | ATTIC CONVERSION There is scope to extend the property to the rear and into the attic subject to consents. HMO There is a huge demand for shared house / HMO style accommodation in the area and given the current usage we understand there is scope for conversion to HMO. Subject to consents FLAT CONVERSION There is scope to reinstate the original layout of two flats and scope ( subject to consents ) for a purely residential block. MIXED USE INVESTMENT There is potential to reinstate the shop front and provide private access to the flat for two self contained units in a mixed use investment block. Subject to any consents. Reference14/05106/F Alternative ReferencePP-03712782 Application ReceivedWed 15 Oct 2014 Application ValidatedTue 18 Nov 2014 Address267 Gloucester Road Bishopston Bristol BS7 8NY ProposalChange of use from shop and residential to beauty salon. Installation of new shop front. StatusDecided DecisionGRANTED subject to condition(s) Decision Issued DateMon 19 Jan 2015 Appeal StatusUnknown Appeal Decision What rent can we achieve for you? The Bristol Residential Letting Co. are confident this property would make a good rental investment if brought to a standard suitable for the professional rental market. Danny Dean of The Bristol Residential Letting Co suggests a rent in the region of; 267, Gloucester Road – Family home - £1800pcm - 2000pcm – HMO - £650 - £750prpcm If you would like to discuss more detail on the potential for rental, you can call me on 07738766640 or email ([email protected]) for a no obligation discussion. I am always happy to advise investors on maximising their investment. Katherine Stribling AMD t: 0117 962 1205 [email protected] https://amdsolicitors.com/ EXTENDED COMPLETION Completion is set for 8 weeks or earlier subject to mutual consent. We have been informed by our client’s solicitors that the legal pack for this lot is now complete. Should any last minute addendums occur you will be automatically notified by email. If the vendors have indicated they are willing to consider pre-auction offers, now is the time to submit your offer by completing the pre-auction offer form.