Springfield Road, Cotham, Bristol

Asking price £825,000 - For Sale

  • Substantial freehold building
  • Arranged as 4 self-contained flats
  • Fantastic break-up opportunity
  • Superb location in Cotham

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Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

An exciting opportunity to purchase a substantial four storey freehold property, currently arranged as 4 self-contained one bedroom flats. The properties would benefit from a general program of modernisation and offer a fantastic break-up opportunity where the flats could be sold off separately. Alternatively, the whole building could be retained as a high-yielding rental investment. The property is situated in a highly sought after residential location, providing easy access to the City Centre, Gloucester Road and Redland train station. In addition to the 4 flats is a large rear garden with road frontage onto Sydenham Road which offers excellent potential for the erection of an additional dwelling, subject to consents.

DESCRIPTION -

A substantial four storey period building that has been converted into 4 self-contained one bedroom flats. Two of the flats are currently tenanted on Assured Shorthold Tenancy agreements and the remaining two are offered for sale with vacant possession. The flats are presented in varied condition but general modernisation is required. A fantastic break-up opportunity or continued rental investment. The property benefits from a good sized garden to the rear that offers excellent scope for redevelopment, subject to obtaining the necessary consents.

LOCATION -

The properties are situated in a highly sought after residential location in Cotham with easy access provided to the City Centre, Stokes Croft and Redland train station. A wide range of restaurants and amenities are available locally on Cheltenham Road and Gloucester Road. The City Centre is located approximately 0.5 miles to the South.

SCHEDULE OF ACCOMMODATION -

Basement Flat - Approx. 552 sq ft (51.3 sq m) -

Let on an Assured Shorthold Tenancy at £560 pcm.

Ground Floor Flat - Approx. 488 sq ft (45.3 sq m) -

Currently vacant.

First Floor Flat - Approx. 462 sq ft (42.9 sq m) -

Currently vacant.

Second Floor Flat - Approx. 426 sq ft (39.6 sq m) -

Let on an Assured Shorthold Tenancy at £530 pcm.

OUTSIDE -

There is a large garden to the rear with access from Sydenham Road. The rear section of garden offers significant scope for redevelopment as many of the neighbouring gardens have been redeveloped to provide a range of modern townhouses. A similar development to provide a 2 or 3 bedroom house at the rear may be possible, subject to consents.

TENURE -

The property is to be sold on a freehold basis, subject to the above tenancies.

LOCAL AUTHORITY -

Bristol City Council.

ENERGY PERFORMANCE CERTIFICATES (EPCs) -

Energy Ratings:
Basement Flat - C
Ground Floor Flat - C
First Floor Flat - C
Second Floor Flat - C

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.