A corner plot of land on one of South Bristol’s best-known roads is up for sale at an auction with a guide price range of between £175,000 and £225,000. The plot of land is located at 137 North Street and comes with planning permission to develop the site.
The corner plot sits on the corner of North Street and South Street in Southville. It is being sold with vacant possession and was previously used for advertising, although the site is empty now.
Planning permission has already been granted to build a new three storey block of flats which comprises two “stylish units” for either investment or resale. The first flat would take up the ground floor, and consist of one bed, whilst the second flat would contain two beds.
The gross development value (GDV) of the two units combined after work is completed is expected to be £650,000. The bigger flat would be worth £375,000 whilst the one-bed flat £275,000.
Planning permission was granted by Bristol City Council in June 2023, meaning development would need to begin prior to June 16, 2026. The plans come with a cycle and refuse storage attached.
The listing, advertised by Hollis Morgan, said: “Located in one of Bristol’s most sought after locations on the iconic North Street, yet tucked back from the action that is quite literally on your doorstep, there is a vast array of open green spaces nearby including Gores Marsh Park, Ashton Court Estate and Greville Smyth Park. This property has easy access to Bristol city centre, Bristol International Airport and the Bristol link road.
“These are excellent transportation links making this one of the most convenient and valued locations in Bristol. This Southville location offers the flourishing independent shops, bars, cafes and restaurants of North Street including the popular Tobacco Factory.”
The auction is being held online on November 20.
Visitherefor the planning permission information.