A freehold residential development opportunity
The site is located to the south of the city centre. Parkview Campus is located on the south side of Whitchurch Lane and adjacent to the Bridge Learning Campus and City of Bristol Gymnastic Centre. The immediate surroundings have seen significant investment in recent years and are now occupied by a variety of use classes including offices, a healthcare centre, a community hospital, light industrial units, Cineworld, schools and a mixture of residential. The Imperial Retail Park is also located nearby along with green spaces including Hengrove Park. The site is exceptionally well connected by road via the new Metrobus service to the city centre and the recently completed south Bristol link road. The property forms part of a larger site totalling approximately 10 acres (4.047 hectares). The remaining part of the site is undergoing conversion to residential use, which commenced in November 2018 and will be retained by the owner as a rental/affordable product.
The site extends to approximately 3.57 acres (1,445 ha) bounded by Hawkfield Way to the west, William Jessop Way to the east and Whitchurch Lane to the north. Block 1 & 2, which do not form part of the sale are currently being converted into residential apartments providing 467 units. The conversion of these blocks commenced in November 2018. The vendor will retain Blocks 1 & 2 for their own rental/affordable products The subject site, Block 3, comprises a vacant part three / part four storey B1 office building totalling a NIA of approximately 8,090 sq m (87,080 sq ft) excluding the lower ground floor, which contains the services for the building. The site also includes 192 car parking spaces and a bike store.
The total consented proposed residential accommodation comprises 162 private apartments providing an approximate NSA of 8,040 sq m (86,542 sq ft). The scheme provides for 44 x one bed and 118 x two bed apartments. A full accommodation schedule and floor plans are included within the dataroom.
The Local Authority is Bristol City Council. The buildings are not listed, nor do they fall within a conservation area. The site benefits from planning consent for 162 units via two planning consents.
Retail Park Development with Planning Consent for 1,669 sq m (17,964 sq. ft.)
Bodmin is located in the heart of Cornwall, on the A389, A30 and A38. 28 miles east of Truro and 33 miles west of Plymouth Wainhomes are currently developing 288 homes on a scheme opposite the site
The site is located adjoining the new Home Bargains development at Dunmere Road Retail Park on the A389 to the west of the town centre. The A389 links the town to Wadebridge and the North Coast. Other occupiers in immediate vicinity include Jewson, Howdens and Cornwall Council offices. Bodmin has a population of 54,749 within a 20 minute drive Bodmin’s town population is 14,736 (2011 census) and is targeted to grow to approximately 25,000 by 2030
Part of the site (Phase 1) has been developed for a Home Bargains unit of 1,687 sq. m (18,159 sq. ft.) and includes 133 car parking spaces. The remainder of the site (Phase 2) is for sale freehold and has planning permission granted for the construction of out of town retail units totalling 1,668 sq. m (17,964 sq. ft). The freehold land as marked red will be sold with the following rights: Rights sufficient to enable construction of Phase 2 until 2028. Rights to use the common parts including the access road, car park and service yard of the Phase 1 development. This will be covered by a service charge, the details of which will be made available to the purchaser.
Land with potential for development (subject to planning permission)
The site is located on Haviland Road, a one-way street providing predominantly residential accommodation in close proximity to the Sovereign Shopping Centre and main high street, Christchurch Road. Boscombe Bus Station is approximately 100 meters.
Title details and additional property information can be found at:-
Student Investment / Redevelopment Opportunity in the Heart of Cheltenham
The Regency spa town of Cheltenham is a borough in Gloucestershire located on the edge of the Cotswold Hills. The town is well served by the M5 motorway, accessed via Junctions 10 and 11 and is approximately 8.4 miles to the north east of Gloucester, 39 miles north east of Bristol and 35 miles west of Oxford. The town has excellent transport links with Cheltenham Spa railway station located 0.5 miles to the north west of the property providing regular main line railway services to Bristol, Birmingham and London. There are a number of bus stops in close proximity. The town is famed for its Racecourse and hosts numerous International Literature, Jazz, Music and Science Festivals as well as offering some of the leading education establishments with Cheltenham College, Dean Close School, Pate’s Grammar School and Cheltenham Ladies College all nearby.
The property comprises two substantial, detached former residential period town houses with purpose built rear anneses, which provide an operational student residence offering 90 student bed-spaces arranged over lower ground plus three upper floors. Both buildings are identical in layout and comprise 54 student bed-spaces across the two period properties and 36 student bed-spaces across the purpose built rear annexes. The two period buildings retain many features typical of traditional town houses of their time and were converted in 1994. All rooms within the period properties have shared bathrooms and each cluster contains between six and seven bed-spaces, communal kitchen and dining area. The purpose built rear annexes were constructed in 2003. All rooms are en-suite and each cluster flat contains between four and five bed-spaces, communal kitchen and dining area. The property is offered with existing furnishings, fully equipped spacious shared kitchens, bedrooms including a single bed, wardrobe, bookshelves and desk. The property also benefits from an on-site communal laundry room, bicycle storage areas, gas central heating, WiFi and etheret internet connection and door intercom entry system There is no lift access throughout. The site extends to approximately 0.61 acres.
The property is let to The University of Gloucestershire (Company no. 6023243) on a rolling annual lease expiring 15 June 2019. The University has a Creditsafe rating of A (84/100), ‘Very Low Risk’. We understand there is an opportunity to extend the lease (subject to agreement), continue managing the property on a direct let basis or consider redevelopment for alternative uses, subject to planning. The current passing rent totals £370,791 per annum.