This development site offers an exciting opportunity for investors and developers alike. Spanning approximately 0.5 acres, the property currently features a mix of one- and two-story structures with a generous frontage along Grove Road. Its location in Fishponds provides easy access to local parks, shops, and public transport options, making it an attractive area for future residents.
Planning permission has been granted under reference 23/00133/F for the demolition of existing industrial buildings and the construction of a modern scheme comprising eleven three-bedroom houses, each approximately 911 square feet in size. Each unit will include parking and private gardens, appealing to families and professionals seeking quality living spaces in this vibrant neighborhood. The projected Gross Development Value (GDV) is estimated between £4.745 million and £4.945 million, highlighting the site's potential for lucrative returns.
While current plans focus on residential development, the site’s zoning allows for various uses, including continued industrial operations or adaptive reuse of existing buildings into residential units. Historically approved planning applications indicate potential for higher density developments should future adjustments be pursued.
Fishponds is characterized by its strong community spirit and diverse housing offerings, which contribute to its appeal among buyers. The bustling High Street is filled with independent shops, cafes, and restaurants that enhance the area's charm. Additionally, excellent transportation links connect residents to Bristol city center and nearby educational institutions like the University of the West of England.
Given the property's strategic location and existing planning permissions, it represents a viable investment opportunity for those looking to capitalize on Bristol's growing housing demand.
