9 bed property for sale

Britannia Road, Kingswood, Bristol BS15

Versatile investment / development opportunity

A unique investment/development opportunity comprising two adjoining single storey residential properties, currently arranged as HMOs (1 x 6-Bedroom HMO and 1 x 3-Bedroom HMO). The properties are in need of modernisation and offer a potential combined rental income in excess of £70,000 per annum once renovated. Offered for sale with vacant possession, the properties present scope for a variety of different uses (subject to consents) including:

- Continued HMO use.
- Refurbishment as two bungalows.
- Conversion into multiple flats.
- A range of commercial uses.

The properties may also offer potential for the erection of an additional storey to provide further residential accommodation, subject to obtaining the necessary planning consents.

Description

A rare and versatile investment/development opportunity comprising two adjoining single-storey residential properties, currently configured as two HMOs providing six and three bedrooms respectively.

The properties are in need of modernisation and are offered for sale with vacant possession, providing an incoming purchaser with considerable flexibility to refurbish the accommodation to suit their requirements. Once renovated, the properties are anticipated to offer a combined rental income in excess of £70,000 per annum.

The properties offer potential for a variety of uses and development opportunities, subject to the necessary planning and other consents, including:

- Continued HMO use, following refurbishment.
- Conversion and refurbishment to provide two individual bungalows.
- Conversion to create multiple self-contained flats.
- A range of commercial uses, subject to planning.

There may also be potential to add a further storey to the existing buildings, creating additional residential accommodation, subject to obtaining the necessary planning permission and consents.

Offered for sale with vacant possession and providing a range of potential exit strategies, this is an opportunity likely to appeal to investors, developers and owner-occupiers seeking a property with scope to add value through refurbishment, redevelopment or alternative use.

Location

The properties are situated on Britannia Road in Kingswood, a popular and established residential area approximately 5 miles east of Bristol city centre. The location benefits from a good range of local amenities, with Kings Chase Shopping Centre and the wider Kingswood centre providing a variety of shops, cafés, restaurants and everyday facilities nearby. There are also a number of well-regarded schools in the surrounding area, including John Cabot Academy, Two Mile Hill Primary School and Beacon Rise Primary School.

The area is well served by public transport, with regular bus services providing access towards Bristol and surrounding areas, while Lawrence Hill railway station is approximately 3.5 km away. The property's position therefore offers convenient access to both local amenities and the wider Bristol employment and leisure centres.

Accommodation

39 britannia road - Lounge, 6 Bedrooms, 2 Kitchens, 3 Bathrooms, Utility Room.

41 britannia road - Lounge, 3 Bedrooms, Kitchen, Bathroom, WC.

Please refer to floorplan for approximate room measurements and internal layout.

Local Authority

South Gloucestershire Council.

Site Plan & Aerial Images

The site plan and aerial images are provided for indicative purposes only and should not be relied upon.

Additional Garden Land

Please note that an additional parcel of garden land (outlined in blue on the aerial photograph) is available to purchase by separate negotiation.

Tenure

The properties are for sale on a freehold basis with vacant possession.

Energy Performance Certificates (Epcs)

39 Britannia Road - D
41 Britannia Road - D

Rental Estimates

All rental estimates are provided in good faith. They should be verified by your own professional advisors prior to a commitment to purchase.

Viewings

Strictly by appointment with Maggs & Allen