Summary - 209 GLOUCESTER ROAD BISHOPSTON BRISTOL BS7 8NN
5 bed 7 bath Flat
Income now with clear scope for residential development and rent uplift.
Freehold mixed‑use block totalling approx. 3,590 sq ft
A substantial freehold mixed‑use block on Gloucester Road offering immediate income plus clear development upside. Four upper flats are producing current rent of £53,400 pa and a vacant ground‑floor retail unit sits in a high‑footfall parade, giving flexibility between continued trading or conversion to residential (subject to consents).
The rear single‑storey building has scope for a 2‑bed conversion or a larger dwelling, accessed independently from Somerville Road. The site totals about 3,590 sq ft and the layout suits a hands‑on investor or developer able to manage refurbishment and modest construction works to unlock additional units and rental value.
Important practicalities: the sale is by live online auction with a buyers’ premium of £1,800 (inc. VAT) and an extended 8‑week completion. Legal packs and EPCs are available online and must be reviewed before bidding. The property shows average condition across units and will need refurbishment to reach prime professional‑let standards.
Risks and costs are straightforward: some flats are let on ASTs, the retail unit is vacant, and all conversion or change‑of‑use works will require planning and building‑regulation approvals. Budget for tenant management, remedial works and statutory compliance when modelling any acquisition or development return.
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