A large 4 storey investment property arranges as 2 x 2 bed maisonettes with potential for further development
A substantial 4 storey mid-terrace property currently arranged as 2 x 2 bed maisonettes. This is a well established rental property, let at £27,000 per annum, which would benefit from some updating with scope to increase the number of bedrooms subject to the necessary consents. Alternatively the layout of the building lends to conversion to 4 x 1 bedroom flats or large scale HMO again subject to the necessary consents. Situated in the popular St. Paul's area of Bristol the property offers convenient access to the Stokes Croft with its range of shops, cafes bars and restaurants as well as Cabot Circus.
Lower Maisonette (3A) Entered at lower ground floor level and includes, lounge, kitchen/diner with potential shower room off. 2 Bedrooms and bathroom on the ground floor. Large garden to rear. 77 sqm. Currently let £850 pcm increasing to £950 on 15/01/2020. Upper Maisonette (3B) Entered at ground floor level and includes large living room, separate kitchen/diner and wc on first floor with 2 double bedrooms and recently fitted bathroom on the second floor. 63 sqm. Currently let at £1,160 pcm increasing to £1,300 pcm on 6/12/2019
Planning Ref: 89/01208/F - Conversion of residence to two self contained flats. Granted 26/5/1989
Both maisonettes Band A
Sold subject to the existing Assured Shorthold Tenancy agreements. Please refer to the legal pack for further details.
Tuesdays and Thursdays at 3.15 prompt please.
For sale by auction
On Wednesday 18th December at 7.00pm at Ashton Gate Stadium, Winterstoke Road, Bristol BS3 2LQ. Please note the auctioneers have made their best endeavours to disclose all additional fees. Interested parties should refer to the special conditions of sale contained in the Legal Pack for any late amendments or additions to these fees as well as the auction day addendum sheet prior to bidding.
A full auction legal pack can be downloaded from www.auctionhousebristol.co.uk once available. For further information on the other lots in this auction please visit the website.
Please note Japanese Knotweed is present within the boundaries of the property, it is reported as being in the back garden and more than 7 metres from the building. A full management plan is contained within the legal pack which the buyer will be responsible for implementing. This supersedes the statement contained under section 7.8 of the Property Information Form.
Energy Efficiency Rating (EPC)
Current Rating D for both maisonettes
Bristol City Council
Fussell Wright, 59 Queen Charlotte Street, Bristol, BS1 4HL, Ref: Angela Lawrence, Tel: 0117 927 9117
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.