This freehold development site presents a unique opportunity for investors and developers seeking to capitalize on the growing demand for residential units in Bristol. Situated at the junction of Wick Road and Malvern Road, this corner plot comes with granted planning permission (22/04510/F) to replace the existing garage with a thoughtfully designed mixed-use building featuring five self-contained flats (three two-bedroom and two one-bedroom units) along with a Class E retail unit. The potential exists for the ground floor commercial space to be reconfigured into an additional residential unit under permitted development rights, expanding the investment potential. The proposed gross development value is estimated between £1.42 million and £1.5 million, promising substantial returns in a vibrant area close to local amenities and just two miles from Bristol City Centre. With vacant possession upon sale, this property offers flexibility in terms of immediate occupation or development scheduling, making it an enticing prospect for those looking to engage in a renovation project that could significantly enhance its valuation.
