Charlton Road, Brentry, Bristol

Asking price £1,150,000 - Sold Subject to Contract

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Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

Exciting opportunity to purchase a detached freehold building comprising 10 self-contained flats (7 x 2 bedroom flats and 3 x 1 bedroom flats) with parking and gardens. The property is situated in a quiet residential location in Brentry overlooking fields with excellent transport links provided to Cribbs Causeway and the M5 Motorway. The property is currently let producing approximately £76,368 per annum and would make an ideal residential investment or break-up opportunity.

DESCRIPTION -

Substantial freehold property arranged over 2 storeys to provide 10 self-contained flats (7 x 2 bedroom flats and 3 x 1 bedroom flats). The property further benefits from car parking for several vehicles and gardens to the rear. The majority of the flats are presented in excellent decorative order whilst 3 of the flats would benefit from some refurbishment.

LOCATION -

The property is situated on Charlton Road in Brentry close to the junction with Knole Lane. Easy access is provided to Cribbs Causeway and the M5 Motorway via the A4018.

THE OPPORTUNITY -

The property has been operated as a rental investment and could be continued as such for those seeking a good quality and high yielding investment. Alternatively, the property offers great scope as a break-up opportunity with the individual flat values totalling approximately £1,400,000.

SCHEDULE OF ACCOMMODATION -

Flat 1 - Ground floor 2 bedroom flat.
Flat 2 - First floor 2 bedroom flat.
Flat 3 - Ground floor 2 bedroom flat.
Flat 4 - First floor 2 bedroom flat.
Flat 5 - Ground floor 1 bedroom flat.
Flat 6 - First floor 1 bedroom flat.
Flat 7 - Ground floor 2 bedroom flat.
Flat 8 - First floor 1 bedroom flat.
Flat 9 - Ground floor 2 bedroom flat.
Flat 10 - First floor 2 bedroom flat.

PARKING -

The property benefits from a car park to the side providing parking for several vehicles with a further 2 parking spaces available to the front.

TENANCY DETAILS -

The property is currently fully let on 10 separate Assured Shorthold Tenancy agreements producing a total of approximately £76,368 per annum.

INDIVIDUAL FLAT VALUES -

The property offers a fantastic break-up opportunity and we would anticipate high levels of interest if the flats were offered to the market individually. Based upon local comparable evidence we would anticipate total sales figures in the region of £1,400,000. Please contact the office for a breakdown of the flat values.

ENERGY PERFORMANCE CERTIFICATES (EPCs) -

Flats 1, 2, 3, 5 & 7 - Energy Rating C.
Flats 6 & 8 - Energy Rating B.
Flat 4 - Energy Rating D.
Flats 9 & 10 - TBC.

VIEWING -

Strictly by appointment with Maggs & Allen.

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Maggs & Allen use all reasonable endeavors to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.