This freehold property presents a compelling opportunity for redevelopment, located prominently at the intersection of Wick Road and Malvern Road. Previously utilized as a car garage and workshop, it comes with granted planning permission to demolish the existing structure and construct a mixed-use block comprising five self-contained flats (3 two-bedroom and 2 one-bedroom units) along with a Class E retail space. The site offers vacant possession, allowing for immediate renovation and development plans to be put in place. An inspection chamber and underground tanks are present from its prior use, with removal quotes readily available. This investment could yield up to £1.5 million in gross development value, providing significant potential for profit upon completion. Additionally, there is an option to convert the retail unit into an additional residential dwelling under permitted development rights, thereby enhancing the site's viability as a profitable investment. With close proximity to local amenities and only two miles from Bristol City Centre, this corner plot holds promise for developers aiming to capitalize on growing demand in the area.
