HORFIELD | FULL PLANNING | 6 x APARTMENTS

Hollis Morgan – LAND AND DEVELOPMENT - Development opportunity for 6 x APARTMENTS in popular area of HORFIELD in Bristol, with FULL PLANNING and potential to start on site this year.

Introduction - Hollis Morgan Land & Development have been appointed by the owners on the sale of this property known as Garage at 74 Oak Road, Horfield, Bristol, BS7 8RS, in the popular area of Horfield in Bristol, just off Gloucester Road.

This former garage workshop and commercial property has the benefit of a detailed planning consent for the demolition of the partial existing building and construction of 6 x one & two bedroom apartments.

The Opportunity - Detailed planning was granted in May 2024 for 6 x one & two bedroom aparments over 3 floors.

The total Gross Internal Area is 4,198 SqFt /390 SqM (excluding garages)

Our opinion of the GDV is £1,700,000.

Guide Price of £400,000 to £500,000

Schedule Of Accomodation - Plot 1 1 Bedroom 581 SqFt Ground Floor
Plot 2 1 Bedroom 753 SqFt Ground Floor
Plot 3 2 Bedrooms 753 SqFt First Floor
Plot 4 1 Bedroom 657 SqFt First Floor
Plot 5 2 Bedrooms 797 SqFt Second Floor
Plot 6 1 Bedroom 657 SqFt Second Floor

Planning - Planning References - Bristol City Council

- Full Application consent: 22/03444/F - Granted at Appeal on 15 May 2024

All plans available on the planning portal and within the Data Room

Cil - The CIL liability for the site is £6,046.09. See Data Room for Liability Notice

Retained Office, Flying Freehold & Adjacent Proper - The existing building includes a flying freehold over the accessway to the rear commercial garage workshop.

The first floor over the flying freehold are offices at the front and at the rear is a WC / Toilet area owned by the owner of the adjacent property. It has been designed within the planning consent that a flying freehold section will remain (see Second Floor Plan) where the services and WC / Toilet will still be in use by the adjacent property. This will need to be agreed as part of the Party Wall agreement. The Seller of the Garage will also be retaining an office, which is the final window on the right hand side, fronting Elm Road.

The Purchaser should satisfy themselves in relation to proposing any trade or buyout of the The Sellers retained office and/or the adjacent property’s WC / Toilet.

Location - This development site is located on the corner of Oak Road & Elm Road in the popular ‘Trees’ area of Horfield. Oak Road is an attractive street
with Victorian terraced houses which is sought after for its quiet residential feel, whilst sitting moments away from the vibrant independent shops, cafes and pubs on Gloucester Road.

Residents of this new development will benefit from easy access to the green spaces of Horfield Common and Horfield Leisure Centre.

Horfield itself is well located with easy access to Bristol City Centre down Gloucester Road, as well as being within striking distance of North Bristol, with its large employment zone and road access to the wider South West via the M4 & M5 motorways.

Site Visits - To arrange an internal inspection please contact Hollis Morgan.

Vat - We understand the building is not elected for VAT.

Vacant Possession - The property is expected to be fully vacant by 31 August 2026.

Method Of Sale - METHOD OF SALE
The site is to be sold by private treaty, Subject to Contract.

Unconditional offers are sought on the basis of the current detailed consent for the 6 x apartments.

Offers are to be emailed directly to:
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DETAILS TO ACCOMPANY OFFERS

As part of your offer, please provide:
- Price
- Payment profile (deposit level & any deferred payments)
- Conditions of the purchase
- Timescales for purchase
- Financing Details - Proof of Funds, including details of lender

Sales Values - SALES VALUES
Please contact our Director, Daniel Harris from the Hollis Morgan New Homes team for bespoke pricing appraisals and market information:

Daniel Harris
New Homes Director
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CONTACT DETAILS

All Enquiries:
Krish Vij
Land & Development Negotiator
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Patrick Addison
Land & Development Director
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Property Details Disclaimer - Hollis Morgan endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact, and they do not constitute any part of an offer or contract. All Hollis Morgan references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation, or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide-angle lens. Computer generated images are purely for illustrative purposes only and are not exact images of the approved plans, parties should undertaken their own due diligence on the designs and plans. The seller does not make any representation or give any warranty in relation to the property, and we have no authority to do so on behalf of the seller.