For Sale Cheltenham Road Library, Cheltenham Road, Bristol, BS6 5QX

Transcription

1 For Sale Cheltenham Road Library, Cheltenham Road, Bristol, BS6 5QX Residential development opportunity with planning consent for 36 apartments Approximately 0.13 ha (0.34 acres)

2 Cheltenham Road Library, Cheltenham Road, Bristol, BS6 5QX 02 Key Facts Approximately 0.13 ha (0.34 acres). Located in the popular Cheltenham Road area of Bristol. Montpelier station miles. Adjacent to major bus routes. Bristol city centre miles. Cabot Circus - 1 mile. Full planning permission for 36 apartments with underground car parking. No affordable housing. Estimated GDV 9 million. Estimated gross rental yield 4.98%. Vacant possession available upon completion.

3 Cheltenham Road Library, Cheltenham Road, Bristol, BS6 5QX 03 Location and Description Location & Situation Bristol is consistently voted as one of the best places to live and work in the UK with residents benefiting from a mix of successful local and national employers and a thriving cultural scene. Bristol is the largest city in the south west of England with an urban population of around 550,000. The city is located approximately 120 miles west of London, 80 miles south of Birmingham, 78 miles north east of Exeter and 40 miles east of Cardiff. The city benefits from excellent communication links being situated adjacent to the M4/M5 motorways, providing access to London, South Wales, the South West and the Midlands. Bristol has two mainline rail stations, with frequent services to London Paddington. The former library building is located on the popular Cheltenham Road, which prides itself on a wide variety of local and independent shops, restaurants and bars. Description The property comprises a single storey brick built building with a flat roof, which fronts the main A38 Cheltenham Road and to the rear (west) of the site a two storey Victorian building which we understand is the remaining part of the original Free Library. One half of Free Library was damaged in World War II and replaced with the current single storey block. The property is bounded to the south by residential dwellings on Winsley Road and to the north by Portland Villa, a two storey office premises. The Property fronts onto Cheltenham Road at its eastern edge and is immediately opposite Colston s Girls School.

4 Cheltenham Road Library, Cheltenham Road, Bristol, BS6 5QX 04 Planning & Method of Sale Planning The property benefits from full (and extant) planning permission (application reference 08/03696/F) for demolition of the existing building and construction of 36 no. 1, 2 and 3 bedroom apartments. Furthermore, the planning permission does not include any requirement for affordable housing, CIL payment or S106 contributions. Tenure The freehold interest is offered for sale, with vacant possession. Method of Sale The property is for sale by private treaty with informal tenders invited to be received in writing by midday on Friday 18th November Guide Price Offers in excess of 2,000,000 (two million pounds). Information Pack An information pack is available on request which includes the following information: Title. Planning permission and associated documents Schedule of accommodation and price guidance from Ocean Home. Asbestos survey. Demolition quote EPC (D rated) Architect s impression of proposed scheme

5 Contact Viewing Arrangements Please arrange an appointment through the sole selling agents Alder King LLP. Alder King LLP Pembroke House 15 Pembroke Road Bristol BS8 3BA Ben St Quintin Becki Rawle Ref: BSQ/83974/Sep2016 SUBJECT TO CONTRACT On the instruction of Important: Alder King for themselves and for the vendors of this property, whose agents they are, give notice that: 1. The pa rticulars contained herein are for guidance purposes only and do not constitute either part or whole of an offer or contract. 2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact, and must satisfy themselves as to their correctness. 3. No person in the employment of Alder King has any authority to make or give any representations or warranties whatsoever in relation to these properties. 4. No responsibility can be accepted for expenses incurred by intending purchasers in inspecting and considering the properties which are offered. Under the Control of Asbestos Regulations 2006 (CAR 2006), the owner or tenant of the property, and anyone else who has control over it and/or responsibility for maintaining or repairing it, may be under a statutory obligation to detect and manage any asbestos or asbestos related compounds contained within the property. Failure to comply with the CAR 2006 is an offence and could adversely affect the value of the property. The detection and management of asbestos and asbestos related compounds is beyond the scope of our expertise and does not form part of the services that we have agreed to provide in respect of the property. Accordingly: 1. Alder King do not accept any responsibility for, and you should not place any reliance on us in respect of, the detection and/or management of any asbestos and/or asbestos related compounds contained in the property. 2. We strongly recommend that you obtain advice from specialist environmental consultants in respect of asbestos related issues.