Fishponds Road, Fishponds, Bristol

Asking price £695,000 - For Sale

  • Attractive period block of 5 flats
  • Convenient location opposite Eastville Park
  • Fully-let producing £33,000pa with potential to in

Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

FULLY LET INVESTMENT OPPORTUNITY - BLOCK OF 5 SELF-CONTAINED FLATS An exciting opportunity to acquire an attractive and extended link-detached period property that has been converted into 5 well-presented one-bedroom flats. The property benefits from UPVC double glazing throughout and external bicycle and bin storage. Situated in a convenient location overlooking Eastville park, excellent transport links are provided to the M32 motorway and City Centre. The flats have been well-maintained by the current owners and are fully-let producing and annual income of circa £33,000 with potential to increase to circa £38,000.

DESCRIPTION -

A substantial link-detached period property that has been converted in to 5 self-contained flats (5 x 1-bedroom flats). The property benefits from a courtyard garden to the rear (shared by two of the flats) and on-street parking is available on the adjoining access lane. The flats are fully-let producing an annual income of circa £33,000 with the potential to increase to circa £38,000, subject to the review of the individual tenancy agreements. There may also be scope as a break-up opportunity whereby the flats could be sold off individually on separate long leasehold titles.

LOCATION -

The property is situated on Fishponds Road, overlooking Eastville Park. It's position provides easy access to a wide range of local amenities in Fishponds and Eastville. Excellent transport links are provided to the M32 Motorway and the City Centre, which is approximately 1.7 miles from the property.

SCHEDULE OF ACCOMMODATION (Approx. GIA) / RENTAL DETAILS -

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

FLAT 1 - 405 sq ft (37.6 Sq m) -

A one-bedroom ground floor flat comprising an open-plan kitchen/living room, double bedroom and shower room. The flat is let on an AST producing £550 pcm.

FLAT 2 - 442 sq ft (41.1 sq m) -

A one-bedroom ground floor flat comprising a kitchen/diner, separate living room, bedroom and shower room. The flat is let on an AST producing £550 pcm.

FLAT 3 - 420 sq ft (39.0 sq m) -

A one-bedroom ground floor flat comprising an open-plan kitchen/living room, bedroom and shower room. The flat is let on an AST producing £550 pcm.

FLAT 4 - 360 sq ft (33.4 sq m) -

A one-bedroom first floor flat comprising an open-plan kitchen/living room, double bedroom and shower room. The flat is let on an AST producing £550 pcm.

FLAT 5 - 387 sq ft (35.9 sq m) -

A one-bedroom first floor flat comprising an open-plan kitchen/living room, double bedroom and shower room. The flat is let on an AST producing £550 pcm.

REAR GARAGE/WORKSHOP -

There is also a large single storey garage/workshop (approx. 440 sq ft) to the rear of the property which may offer further development potential, subject to consents. The garage is available by separate negotiation.

TENURE & METHOD OF SALE -

The property is offered for sale by private treaty on a freehold basis, subject to the tenancies of the flats as outlined above.

PLANNING HISTORY -

Full planning consent was granted for the conversion of the original detached house to five self-contained, one bedroom flats with a single storey rear extension and provision of bin and cycle storage facilities in August 2008 under application no. 08/02478/F.

ENERGY PERFORMANCE CERTIFICATES (EPCs) -

Flat 1 Rating: E
Flat 2 Rating: D
Flat 3 Rating: D
Flat 4 Rating: E
Flat 5 Rating: E

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.