14-16 Highridge Road, Bishopsworth, Bristol, Avon

Description

Vacant freehold former bank with development potential. Total accommodation extends to approximately 445.5 sq m (4,796 sq ft). The guide price reflects approximately £57 per sq ft. Potential for alternative uses and redevelopment, subject to all consents. The upper floors are self-contained via a rear staircase. The property still contains a strongroom and benefits from two gated rear yards providing parking. VAT is not applicable.

Accommodation

Total accommodation approximately 445.5 sq m (4,796 sq ft). The upper floors are self-contained via a rear staircase. The property contains a strongroom and has two gated rear yards.

Location

Bishopsworth is a suburb of Bristol, a major commercial centre of the South West, located 11 miles north-west of Bath and 35 miles south-west of Gloucester. The property is situated on the north side of Highridge Road at its junction with Cutler Road. Nearby occupiers include Morrisons Daily, Coral, Co-op Funeralcare, Star Pubs and a range of local businesses. Bristol benefits from road communications adjacent to the intersection of the M4 and M5 motorways. Bristol Parkway and Bristol Temple Meads Rail Stations are within 4 miles.

Tenure / Property Information

Investment Analysis

Vacant freehold former bank extending to approximately 4,796 sq ft, offered at £275,000+, equivalent to approximately £57 per sq ft as stated. The supplied sold evidence comprises mainly residential properties, with one nearby “Other” sale at £250,000 in 2023; it does not provide a reliable commercial valuation or redevelopment GDV. Alternative uses and redevelopment are subject to consents, and no planning, rental, valuation or condition evidence is supplied.

Investment Snapshot

Strategy Recommendation

Do not underwrite as a BTL, BRRR or flip on the supplied evidence. Proceed only after obtaining commercial valuation advice, planning/use-class advice, measured condition information and a costed redevelopment or alternative-use appraisal.

Works Required

No specific defects or refurbishment scope are evidenced. Any change of use, redevelopment, internal reconfiguration or conversion would require assessment and the necessary consents. The existing strongroom and two gated rear yards would need to be considered in any future scheme.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis cannot be established because no supported residential or commercial GDV, rent, refurbishment budget or refinance valuation is available. The vacant freehold and development potential may warrant further investigation, but consents and commercial viability remain unconfirmed.

Buy-to-Let Analysis

BTL analysis cannot be established. The supplied rental listings are advertised residential asking rents and do not evidence achievable rent for this vacant former bank. No commercial passing rent, ERV, operating costs or letting evidence is provided.

Flip Analysis

A flip surplus cannot be calculated. The supplied comparables are predominantly residential and are not reliable evidence of resale value for a 4,796 sq ft former bank. No supported conversion GDV, works cost, professional cost, finance cost or selling allowance is provided.

Investor Risks & Due Diligence

• Alternative uses and redevelopment are subject to obtaining all necessary consents.

• No reliable commercial GDV or resale valuation is supplied.

• No condition survey or refurbishment budget is available.

• The supplied rental evidence is residential and may not apply to the former bank.

• Additional seller or third-party charges may apply under the special conditions.

• The strongroom and existing layout may affect adaptation costs and usability.

Recommendation

Do not underwrite as a BTL, BRRR or flip on the supplied evidence. Proceed only after obtaining commercial valuation advice, planning/use-class advice, measured condition information and a costed redevelopment or alternative-use appraisal.

Strategy Rating

Analysis Confidence

Basic size, guide price, tenure, vacancy and location information is supplied, but there is no applicable commercial comparable evidence, planning position, rental evidence, condition survey, works budget, GDV or transaction-cost detail.