Property photos
Freehold
Guide price
£1,800,000
Property for sale
Lower Redland Road, Redland, Bristol BS6Local area information
Property location
Nearby amenities
- Bristol Steiner School 0.2 miles
- Redland Green School 0.2 miles
- Redland 0.4 miles
- Clifton Down 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- 3 Large HMO's (2x three beds and 1x four bedroom)
- Industrial Units to Rear
- Total Rent of £121,500pa (increasing to £125,640pa)
- Redevelopment Potential.
A substantial mixed-use investment property occupying a site area of approximately 0.35 acres located in the heart of Redland. The site comprises 3 large student flats (HMOs) to the front, with a number of industrial units to the rear. The site is fully let producing a gross annual rent of approximately £121,465pa (increasing to £125,640pa from July 2025) although we consider the market rent to lie in the region of £155,000pa (based on £10-£12 per ft2 for the industrial premises and £750pcm per student room).
The industrial units also offer potential for future residential redevelopment, subject to obtaining the necessary planning consent and vacant possession.
Description
A substantial mixed-use investment property occupying a site area of approximately 0.35 acres located in the heart of Redland. The site comprises 3 large student flats (HMOs) to the front, with a number of industrial units to the rear. The site is fully let producing a gross annual rent of approximately £121,465pa (increasing to £125,640pa from July 2025) although we consider the market rent to lie in the region of £155,000pa (based on £10-£12 per ft2 for the industrial premises and £750pcm per student room).
The industrial units also offer potential for future residential redevelopment, subject to obtaining the necessary planning consent and vacant possession.
Location
Lower Redland Road is located just off Redland Road in Redland, in a predominantly residential location.
Business Rates
Luccombe Garage: Ratabble value of £23,000.
Niche Renovations: Rateable Value of £3,450.
Redland Bodyworks: Rateable Value of £7,100.
Viewings
By appointment.
Vat
All figures quoted are exclusive of VAT unless otherwise stated although we understand the site is not opted for VAT.
Floor Plan
The floor plan is provided for indicative purposes only and should not be relied upon. A site plan is available on request.
Energy Performance Certificate (Epc)
Rating:
62a (Ground/Basement Maisonette): D (valid to April 2029)
First Floor Flat: C (valid to April 2029)
Top Floor Flat: E (valid to April 2029)
Unit 1 - D (valid to September 2034)
Unit 2 - C (valid to September 2034)
Unit 3 - D (valid to September 2034)
Unit 4 & 5 - E (valid to September 2034)
Schedule Of Accomodation
The ground and basement maisonette is arranged as a large 4 bedroom HMO. The first and second floor flats and both arranged as separate self contained 3 bedroom HMOs.
The industrial units provide the following floor areas (approximate):
Unit 1 & 2: 1,287 ft2
Unit 3: 450 ft2
Unit 4 & 5: 4,007 ft2.
In addition there are approximately 16 allocated parking spaces.
Tenancy Details
The three flats are let on Assured Shorthold Tenancy agreements to students for the 2024-2025 academic year at a total rent of £78,445pa which reflects a low rent of circa £650pcm per room.
We understand the flats have been let for the July 2025-June 2026 academic year, as follows:
Maisonette: £682.50pcm per tenant
First Floor Flat: £710pcm per tenant.
Top Floor Flat: £675pcm per tenant.
The total rent for the 2025 academic year will therefore increase to £82,620pa.
Commercial Lease Details
The units are let on the rents as outlined below. We understand each of the leases are granted on a 7 year internal repairing and insuring basis, which commenced in April 2023, and are subject to 3 yearly rent reviews.
Unit 1 & 2: Let to Redland Body Works at £12,120pa.
Unit 3: Let to Niche Renovations at £3,600pa.
Unit 4 & 5: Let to Luccombe Garage at £27,300pa.
Control Of Asbestos Regulations
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.
The industrial units also offer potential for future residential redevelopment, subject to obtaining the necessary planning consent and vacant possession.
Description
A substantial mixed-use investment property occupying a site area of approximately 0.35 acres located in the heart of Redland. The site comprises 3 large student flats (HMOs) to the front, with a number of industrial units to the rear. The site is fully let producing a gross annual rent of approximately £121,465pa (increasing to £125,640pa from July 2025) although we consider the market rent to lie in the region of £155,000pa (based on £10-£12 per ft2 for the industrial premises and £750pcm per student room).
The industrial units also offer potential for future residential redevelopment, subject to obtaining the necessary planning consent and vacant possession.
Location
Lower Redland Road is located just off Redland Road in Redland, in a predominantly residential location.
Business Rates
Luccombe Garage: Ratabble value of £23,000.
Niche Renovations: Rateable Value of £3,450.
Redland Bodyworks: Rateable Value of £7,100.
Viewings
By appointment.
Vat
All figures quoted are exclusive of VAT unless otherwise stated although we understand the site is not opted for VAT.
Floor Plan
The floor plan is provided for indicative purposes only and should not be relied upon. A site plan is available on request.
Energy Performance Certificate (Epc)
Rating:
62a (Ground/Basement Maisonette): D (valid to April 2029)
First Floor Flat: C (valid to April 2029)
Top Floor Flat: E (valid to April 2029)
Unit 1 - D (valid to September 2034)
Unit 2 - C (valid to September 2034)
Unit 3 - D (valid to September 2034)
Unit 4 & 5 - E (valid to September 2034)
Schedule Of Accomodation
The ground and basement maisonette is arranged as a large 4 bedroom HMO. The first and second floor flats and both arranged as separate self contained 3 bedroom HMOs.
The industrial units provide the following floor areas (approximate):
Unit 1 & 2: 1,287 ft2
Unit 3: 450 ft2
Unit 4 & 5: 4,007 ft2.
In addition there are approximately 16 allocated parking spaces.
Tenancy Details
The three flats are let on Assured Shorthold Tenancy agreements to students for the 2024-2025 academic year at a total rent of £78,445pa which reflects a low rent of circa £650pcm per room.
We understand the flats have been let for the July 2025-June 2026 academic year, as follows:
Maisonette: £682.50pcm per tenant
First Floor Flat: £710pcm per tenant.
Top Floor Flat: £675pcm per tenant.
The total rent for the 2025 academic year will therefore increase to £82,620pa.
Commercial Lease Details
The units are let on the rents as outlined below. We understand each of the leases are granted on a 7 year internal repairing and insuring basis, which commenced in April 2023, and are subject to 3 yearly rent reviews.
Unit 1 & 2: Let to Redland Body Works at £12,120pa.
Unit 3: Let to Niche Renovations at £3,600pa.
Unit 4 & 5: Let to Luccombe Garage at £27,300pa.
Control Of Asbestos Regulations
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.
Floor plans and tours
Floor plans (1)
More information
Listed by
Maggs & Allen
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