Perrett House & Redcross Mews, Old Market
For Sale Perrett House & Redcross Mews, Old Market, Bristol, BS2 0BB
Two purpose built apartment blocks in central Bristol with parking and communal gardens Approximately 0.34 ha (0.84 acres)
Redcross Street, Old Market, Bristol, BS2 0BB 02
Key Facts
Site area approximately 0.34 ha (0.84 acres) including apartments, communal areas, gardens and off street car parking.
Perrett House GIA of 2,050 sq m (22,072 sq ft) comprising 30 one bedroom flats, 1 two bedroom maisonette and communal areas with scope for conversion to provide additional accommodation.
Redcross Mews GIA of 371 sq m (3,994 sq ft) comprising 8 one bedroom flats with a communal garden.
Most apartments now require some updating.
Well situated in a central location.
Excellent transport connections by car, bus, train and bike.
Approximately 17 car parking spaces.
Less than half a mile from the popular Cabot Circus shopping centre.
Less than one mile from Bristol Temple Meads railway station.
Adjacent to the recently completed Cabot Mews serviced apartment scheme.
To be sold with vacant possession.
Redcross Street, Old Market, Bristol, BS2 0BB 03
Location and Description Location & Situation Bristol is consistently voted as one of the best places to live and work in the UK with residents benefiting from a mix of successful local and national employers and a thriving cultural scene. Bristol was also awarded the status of European Green Capital in 2015. Perrett House and Redcross Mews are well located for city centre living, in the Old Market area of central Bristol, with excellent transport connections by car, bus, bike and train via the nearby Temple Meads Station. The popular Cabot Circus shopping centre is within a short walking distance of the property, with amenities including a variety of shops, restaurants and cafes. Other popular and successful residential schemes nearby include Cabot Mews, The Refinery and The Printworks. Description Perrett House (constructed mid 1980’s) comprises 30 one bedroom flats, 1 two bedroom maisonette and communal areas (common room, kitchen, laundry, etc.). Redcross Mews (constructed early 1990’s) comprises 8 one bedroom flats with a communal garden. The communal areas of Perrett House offer scope for
conversion to provide additional residential accommodation. There are approximately 16 car parking spaces located to the rear and 1 car parking space and a single garage to the front (adjacent to the maisonette). Access to the car parking area is shared with other users and there is a public footpath under part of Perrett House. Externally there are spacious and well maintained communal gardens to both buildings. Investment Opportunity Local estate agents have advised us that the total sale value of the apartments (excluding maisonette), once refurbished could be in the region of £6.63M (£399 per sq ft) to £7.27M (£418 per sq ft), rising to approximately £7.99M (£418 per sq ft) if the communal/guest areas and maisonette are converted to provide separate apartments. The estimated gross rental yield is 5.5%. Additional revenue may also be generated from the separate sale/rent of the car parking spaces and garage. Please see the technical information pack for further details.
Redcross Street, Old Market, Bristol, BS2 0BB 04
Planning and Method of Sale Planning The property has consent for C3 use (residential).
Guide Price Offers in excess of £4,000,000 (four million pounds) are invited. Method of Sale The property is offered for sale by private treaty with informal tenders invited on an unconditional or conditional (subject to planning) basis, to be received in writing by midday on Friday 24th March 2017. Please note our client has stated a preference for an unconditional sale. Tenure
The freehold interest is offered for sale, with vacant possession, to be provided on completion.
Perrett House
Redcross Mews & Communal Garden
Interested parties are advised that the flying freehold above the footpath running beneath Perrett house is unregistered. Our clients have procured a £6,000,000 indemnity policy in respect of this part of the property, which is assignable to a buyer of the whole property and any successors. Information Pack
An information pack is available on request which includes the following information:
Title documents and report on title Title indemnity policy Budgetary estimates of refurbishment cost common areas are advised Floor plans and schedule of accommodation Apartment sale and rental guidance Asbestos survey. EPC (D rated) Utility supply and maintenance record
of
Perrett House
Perrett House
Redcross Street, Old Market, Bristol, BS2 0BB 05
Contacts Viewing Arrangements For further information or to arrange an inspection please contact : Alder King Property Consultants Pembroke House 15 Pembroke Road Clifton Bristol BS8 3BA Ben St Quintin 0117 317 1083
Ella Vickery 0117 317 1161
[email protected] [email protected] Ref: BSQ/78629/Jan17
SUBJECT TO CONTRACT On behalf of:
Important: Alder King for themselves and for the vendors of this property, whose agents they are, give notice that: 1. The pa rticulars contained herein are for guidance purposes only and do not constitute either part or whole of an offer or contract. 2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation are given in good f aith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact, and must satisfy themselves as to their correctness. 3. No person in the employment of Alder King has any authority to make or give any representations or warranties whatsoever in relation to these properties. 4. No responsibility can be accepted for expenses incurred by intending purchasers in inspecting and considering the properties which are offered. Under the Control of Asbestos Regulations 2006 (CAR 2006), the owner or tenant of the property, and anyone else who has control over it and/or responsibility for maintaining or repairing it, may be under a statutory obligation to detect and manage any asbestos or asbestos related compounds contained within the property. Failure to comply with the CAR 2006 is an offence and could adversely affect the value of the property. The detection and management of asbestos and asbestos related compounds is beyond the scope of our expertise and does not form part of the services that we have agreed to provide in respect of the property. Accordingly: 1. Alder King do not accept any responsibility for, and you should not place any reliance on us in respect of, the detection and/or management of any asbestos and/or asbestos related compounds contained in the property. 2. We strongly recommend that you obtain advice from specialist environmental co nsultants in respect of asbestos related issues.
Two purpose built apartment blocks in central Bristol with parking and communal gardens Approximately 0.34 ha (0.84 acres)
Redcross Street, Old Market, Bristol, BS2 0BB 02
Key Facts
Site area approximately 0.34 ha (0.84 acres) including apartments, communal areas, gardens and off street car parking.
Perrett House GIA of 2,050 sq m (22,072 sq ft) comprising 30 one bedroom flats, 1 two bedroom maisonette and communal areas with scope for conversion to provide additional accommodation.
Redcross Mews GIA of 371 sq m (3,994 sq ft) comprising 8 one bedroom flats with a communal garden.
Most apartments now require some updating.
Well situated in a central location.
Excellent transport connections by car, bus, train and bike.
Approximately 17 car parking spaces.
Less than half a mile from the popular Cabot Circus shopping centre.
Less than one mile from Bristol Temple Meads railway station.
Adjacent to the recently completed Cabot Mews serviced apartment scheme.
To be sold with vacant possession.
Redcross Street, Old Market, Bristol, BS2 0BB 03
Location and Description Location & Situation Bristol is consistently voted as one of the best places to live and work in the UK with residents benefiting from a mix of successful local and national employers and a thriving cultural scene. Bristol was also awarded the status of European Green Capital in 2015. Perrett House and Redcross Mews are well located for city centre living, in the Old Market area of central Bristol, with excellent transport connections by car, bus, bike and train via the nearby Temple Meads Station. The popular Cabot Circus shopping centre is within a short walking distance of the property, with amenities including a variety of shops, restaurants and cafes. Other popular and successful residential schemes nearby include Cabot Mews, The Refinery and The Printworks. Description Perrett House (constructed mid 1980’s) comprises 30 one bedroom flats, 1 two bedroom maisonette and communal areas (common room, kitchen, laundry, etc.). Redcross Mews (constructed early 1990’s) comprises 8 one bedroom flats with a communal garden. The communal areas of Perrett House offer scope for
conversion to provide additional residential accommodation. There are approximately 16 car parking spaces located to the rear and 1 car parking space and a single garage to the front (adjacent to the maisonette). Access to the car parking area is shared with other users and there is a public footpath under part of Perrett House. Externally there are spacious and well maintained communal gardens to both buildings. Investment Opportunity Local estate agents have advised us that the total sale value of the apartments (excluding maisonette), once refurbished could be in the region of £6.63M (£399 per sq ft) to £7.27M (£418 per sq ft), rising to approximately £7.99M (£418 per sq ft) if the communal/guest areas and maisonette are converted to provide separate apartments. The estimated gross rental yield is 5.5%. Additional revenue may also be generated from the separate sale/rent of the car parking spaces and garage. Please see the technical information pack for further details.
Redcross Street, Old Market, Bristol, BS2 0BB 04
Planning and Method of Sale Planning The property has consent for C3 use (residential).
Guide Price Offers in excess of £4,000,000 (four million pounds) are invited. Method of Sale The property is offered for sale by private treaty with informal tenders invited on an unconditional or conditional (subject to planning) basis, to be received in writing by midday on Friday 24th March 2017. Please note our client has stated a preference for an unconditional sale. Tenure
The freehold interest is offered for sale, with vacant possession, to be provided on completion.
Perrett House
Redcross Mews & Communal Garden
Interested parties are advised that the flying freehold above the footpath running beneath Perrett house is unregistered. Our clients have procured a £6,000,000 indemnity policy in respect of this part of the property, which is assignable to a buyer of the whole property and any successors. Information Pack
An information pack is available on request which includes the following information:
Title documents and report on title Title indemnity policy Budgetary estimates of refurbishment cost common areas are advised Floor plans and schedule of accommodation Apartment sale and rental guidance Asbestos survey. EPC (D rated) Utility supply and maintenance record
of
Perrett House
Perrett House
Redcross Street, Old Market, Bristol, BS2 0BB 05
Contacts Viewing Arrangements For further information or to arrange an inspection please contact : Alder King Property Consultants Pembroke House 15 Pembroke Road Clifton Bristol BS8 3BA Ben St Quintin 0117 317 1083
Ella Vickery 0117 317 1161
[email protected] [email protected] Ref: BSQ/78629/Jan17
SUBJECT TO CONTRACT On behalf of:
Important: Alder King for themselves and for the vendors of this property, whose agents they are, give notice that: 1. The pa rticulars contained herein are for guidance purposes only and do not constitute either part or whole of an offer or contract. 2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation are given in good f aith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact, and must satisfy themselves as to their correctness. 3. No person in the employment of Alder King has any authority to make or give any representations or warranties whatsoever in relation to these properties. 4. No responsibility can be accepted for expenses incurred by intending purchasers in inspecting and considering the properties which are offered. Under the Control of Asbestos Regulations 2006 (CAR 2006), the owner or tenant of the property, and anyone else who has control over it and/or responsibility for maintaining or repairing it, may be under a statutory obligation to detect and manage any asbestos or asbestos related compounds contained within the property. Failure to comply with the CAR 2006 is an offence and could adversely affect the value of the property. The detection and management of asbestos and asbestos related compounds is beyond the scope of our expertise and does not form part of the services that we have agreed to provide in respect of the property. Accordingly: 1. Alder King do not accept any responsibility for, and you should not place any reliance on us in respect of, the detection and/or management of any asbestos and/or asbestos related compounds contained in the property. 2. We strongly recommend that you obtain advice from specialist environmental co nsultants in respect of asbestos related issues.
