Southmead Road, Westbury on Trym, Bristol

Offers in the region of £875,000 - For Sale

  • Freehold Investment Opportunity
  • Block of 6 well-presented flats
  • Current income of circa £48,000pa with potential t
  • Potential break-up opportunity

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Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

FULLY-LET INVESTMENT OPPORTUNITY - BLOCK OF 6 FLATS A fantastic investment/break-up opportunity comprising a modern block of 6 well-presented flats (5 x 1-Bedroom and 1 x 2-Bedroom) situated in a convenient location in Southmead within close proximity to Southmead Hospital. Each flat benefits from a parking space at the rear of the building and is finished with modern high gloss kitchens and well-appointed shower rooms. The flats are fully-let producing an annual income of circa £48,000.

DESCRIPTION -

A modern block of 6 flats (5 x 1-Bedroom and 1 x 2-Bedroom) that was constructed in 2008/2009. The flats are well-presented and benefit from high gloss fitted kitchens, modern shower rooms and allocated parking to the rear of the building. Offered for sale fully-let, the property generates a total income of circa £48,000 per annum. A fantastic investment/break-up opportunity situated in a convenient location in Southmead.

LOCATION -

The property is situated on the corner of Southmead Road and Greenfield Road in Southmead. Easy access is provided to Southmead Hospital, Airbus and Rolls Royce making this a great location with strong rental demand. A wide range of local amenities are available on Southmead Road and Lidl supermarket is located directly opposite the property.

THE OPPORTUNITY -

The property has been operated as a rental investment since its construction in 2008/2009 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 £1,000,000.

SCHEDULE OF ACCOMMODATION / RENTAL INFORMATION -

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

FLAT 1 - Approx. 43.0 sq m (463 sq ft) -

A ground floor 2 bedroom flat let on an Assured Shorthold Tenancy agreement at £750 pcm.

FLAT 2 - Approx. 35.5 sq m (382 sq ft) -

A ground floor 1 bedroom flat let on an Assured Shorthold Tenancy agreement at £650 pcm.

FLAT 3 (1A Greenfield Road) - Approx. 36.1 sq m (389 sq ft) -

A ground floor 1 bedroom flat let on an Assured Shorthold Tenancy agreement at £650 pcm.

FLAT 4 - Approx. 36.7 sq m (395 sq ft) -

A first floor 1 bedroom flat let on an Assured Shorthold Tenancy agreement at £650 pcm.

FLAT 5 - Approx. 34.3 sq m (370 sq ft) -

A first floor 1 bedroom flat let on an Assured Shorthold Tenancy agreement at £650 pcm.

FLAT 6 - Approx. 36.2 sq m (390 sq ft) -

A first floor 1 bedroom flat let on an Assured Shorthold Tenancy agreement at £650 pcm.

PARKING -

Each flat benefits from an allocated parking space in a secure car park at the rear of the building, accessed via Greenfield Road.

TENURE & METHOD OF SALE -

The property is for sale by private treaty on a freehold basis although 999 year leases have also been created for each flat.

ENERGY PERFORMANCE CERTIFICATES (EPC) -

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.