Development Opportunity - Bristol

• NIL PREMIUM with an annual rental amount of approximately £40,000.
• Subject to (D1) planning approval, substantial plot with off road parking
• Deceptively spacious and versatile accommodation across ground and first floor levels
• Unique opportunity, retirement sale, viewing highly recommended

Substantial Detached property with potential to operate as a children’s day nursery or care home subject to (D1) planning approval – deceptively spacious and versatile accommodation located across ground and first floor levels,retirement sale, viewing highly recommended. Freehold & Leasehold option available. Ref 47874

This is a rare opportunity to acquire a substantial detached property with potential to operate as a Children’s Day Nursery which is situated in the desirable town of Yate in South Gloucestershire. The highly visible property is ideally positioned fronting the main (A432) commuter route just a short walk from Yate train station and approximately 12 miles north east of Bristol city centre and 15 miles from the Roman city of Bath.

The property is located within a densely populated area amongst both residential and commercial premises in the locality with Yate Shopping Centre and the (M4) motorway close at hand. The property is therefore conveniently located and as a nursery would be able to attract children in the immediate locality, neighbouring towns and villages and also with parents who commute en-route to their workplace. The imposing property currently operates as a Guest House and therefore benefits from C1 planning consent. However, due its size and configuration, the property would represent the opportunity for conversion to a childcare facility subject to obtaining D1 planning approval from the local authority. The traditional property has been extensively extended over previous years and provides versatile living space across both the ground and first floors of the building. As the internal walls on the first floor of the extension are non-load bearing. There is therefore the opportunity to create a large open plan space which would benefit the day to day functionality of a childcare setting.

The property is being offered for sale on a leasehold or freehold basis. The vendors are offering a new 15 year FRI lease with a commencing rent of £40,000 per annum exclusive of rates with rent review periods at 3 yearly intervals. This is a unique and exciting opportunity and with this in mind, viewing is highly recommended at the earliest opportunity.

Summary. This is a unique opportunity to acquire an impressive detached property with potential to possibly operate as a children’s day nursery which is located within a convenient and desirable setting. Only now being offered for sale due to retirement, viewing is highly recommended.