A freehold ground rent investment comprising a mid-terraced, repaired Cornish style property that has recently been converted into two self-contained flats. The property benefits from a PRC repair certificate and the flats come with a 10 year structural warranty in place (with ICW). The flats have been sold on 150 year leases producing a total ground rent income of £300 per annum. The freeholder also has the benefit of managing and insuring the building.
The property is located in a convenient location in Filton and provides easy access to many of North Bristol's major employers such as The MOD, Airbus, Rolls Royce and Southmead Hospital amongst others. Parkway and Abbey Wood Train Stations are also a short drive away.
We understand that the ground rent payable for each flat is £150 per annum giving a total annual income of £300. The ground rents are subject to 10 yearly RPI linked rent reviews.
The ground floor flat was sold off on a 150 year lease from April 2019 and the first floor flat was sold off on a 150 year lease from June 2019.
We understand the Freeholder also has the benefit of managing and insuring the building.
Notices under s.5B of the Landlord & Tenant Act 1987 have not yet been served.
External viewing only.
Maggs & Allen
Tel: 0117 973 4940
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.