Whiteladies Road, Clifton, Bristol

Asking price £1,050,000 - For Sale

  • Fantastic student let invesment
  • 3 large self-contained flats
  • Fully let producing £62,460pa
  • Prime position on Whiteladies Road

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Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

A rare and exciting investment opportunity comprising the 3 upper floors of this attractive period building situated in a prominent position on Whiteladies Road in Clifton. The property is arranged as three self-contained student flats (1 x 3-Bedroom flat, 1 x 4-Bedroom flat and 1 x 5-Bedroom flat) which are fully-let for the 2019/2020 academic year producing an income of £62,460 per annum.

DESCRIPTION -

A rare and exciting investment opportunity comprising the 3 upper floors of this attractive period building situated in a prominent position on Whiteladies Road in Clifton. The property is arranged as three self-contained student flats (1 x 3-Bedroom flat, 1 x 4-Bedroom flat and 1 x 5-Bedroom flat) which are fully-let for the 2019/2020 academic year producing an income of £62,460 per annum.

Access to the flats is via Kings Parade Avenue at the rear of the property where there is an allocated parking space, currently being used to house a secure bicycle storage unit. Each flat benefits from a modern fitted kitchen with integrated appliances and modern shower rooms. The flats on the first and second floors have high ceilings and large sash windows to the front and the double glazed windows to the rear elevation have all been replaced within the last 3 years.

The property is ideally suited for continued rental to students or professionals with scope to increase the rental income at the end of the current tenancy agreements. We are advised that there is very strong tenant demand with no recent rental voids.

LOCATION -

The property is situated in a prominent position in a prime pitch fronting Whiteladies Road, a main arterial route running through the upmarket residential area of Clifton. Whiteladies Road is one of Bristol's premier shopping areas with stunning Georgian buildings housing a wide range of independent and national shops, cafes, bars and restaurants. The affluent residential areas of Redland and Cotham are within easy reach and the location is extremely popular with students studying at Bristol University and the University of the West of England (UWE).

ACCOMMODATION AND TENANCY DETAILS -

Please refer to floorplan for approximate room measurements and internal layout.

FLAT 1 - 63.2 sq m (681 sq ft) -

Accommodation: Comprising 3 bedrooms, kitchen/diner and shower room.
Tenancy Details: Let on an Assured Shorthold Tenancy agreement from 01/07/2019 30/06/2020.
Rent: £15,840 Per Annum (£440 pcm per room).

FLAT 2 - 71.1 sq m (765 sq ft) -

Accommodation: Comprising 4 Bedrooms, Kitchen, Lounge and Shower Room.
Tenancy Details: Let on an Assured Shorthold Tenancy agreement from 01/07/2019 30/06/2020.
Rent: £21,120 Per Annum (£440 pcm per room).

FLAT 3 - 71.6 sq m (771 sq ft) -

Accommodation: Comprising 5 Bedrooms, Kitchen/Diner and Shower Room.
Tenancy Details: Let on an Assured Shorthold Tenancy agreement from 01/07/2019 30/06/2020.
Rent: £25,500 Per Annum (£425 pcm per room).

TENURE & METHOD OF SALE -

The property is to be sold on the basis of 3 separate leasehold titles (residue of 999 years). The 3 flats are offered for sale by private treaty collectively with an asking price of £1,050,000.

ENERGY PERFORMANCE CERTIFICATES (EPCs) -

Flat 1: Energy Rating - E
Flat 2: Energy Rating - D
Flat 3: Energy Rating - E

LEGAL COSTS -

Each party is responsible for their own legal costs incurred in respect of this transaction.

LOCAL AUTHORITY -

Bristol City Council.

VIEWING -

Strictly by appointment with Maggs & Allen.

CONTACT -

Rob Ansell
Tel: 0117 973 4940
Email: ransell@maggsandallen.co.uk

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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.