House For Sale Hotwell Road, Bristol, BS8
£1,250,000
1 of 15
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Last Updated: 28th March 2024
Description
FIVE STOREY BUILDING ARRANGED AS FIVE LARGE FLATS
A substantial five storey Grade II listed period building arranged as five well-presented flats (1 x 3-bedroom flat and 4 x 2-bedroom flats). There is a large garden and additional parking area to the rear that may offer potential for further development, subject to consents.
The property offers a potential rental income in excess of £90,000 per annum once the current rents have been increased and also presents a superb break-up opportunity, whereby the flats could be sold off separately.
Description - A substantial and attractive five storey Grade II listed period building arranged as five well-presented flats (1 x 3-bedroom flat and 4 x 2-bedroom flats). There is a large garden and additional parking area to the rear that may offer potential for further development, subject to consents. The building has been well-maintained during its current ownership and all of the flats benefit from modern kitchens and bathrooms, gas central heating and spacious living accommodation.
The property offers a potential rental income in excess of £90,000 per annum once the current rents have been increased and also presents a superb break-up opportunity, whereby the flats could be sold off separately.
Location - The property is situated in a fantastic location within close proximity to Bristol's harbourside which has undergone a huge transformation in recent years. Easy access is provided to the City Centre, Clifton Village and a wide range of amenities on the harbourside and Wapping Wharf.
Accommodation / Current Rental Details -
Basement Flat - Approx. 72 M² (771 Sq Ft) - Comprising a private entrance hall, lounge/diner, modern kitchen, three bedrooms and a bathroom with a garden to the rear.
Currently let on an AST dated 6 January 2022 at a rent of £1,300 pcm.
Hall Floor Flat - Approx. 53 M² (575 Sq Ft) - Comprising a lounge/diner, modern kitchen, two bedrooms and a bathroom.
Currently let on an AST dated January 2024 at a rent of £1,200 pcm.
First Floor Flat - Approx. 57 M² (622 Sq Ft) - Comprising a lounge/diner, modern kitchen, two bedrooms and a bathroom.
Currently let on an AST dated 29 July 2022 at a rent of £950 pcm.
Second Floor Flat - Approx. 53 M² (575 Sq Ft) - Comprising a lounge/diner, modern kitchen, two bedrooms and a bathroom.
Currently let on an AST dated 30 May 2020 at a rent of £850 pcm.
Top Floor Flat - Approx. 51 M² (554 Sq Ft) - Comprising an open-plan kitchen/living/dining room, two bedrooms and a bathroom.
Currently let on an AST dated 25 August 2021 at a rent of £850 pcm.
Potential Rental / Break-Up Figures - All of the flats are currently under-let and we would anticipate the current market rents below along with break-up sales values:
BASEMENT FLAT: £1,800 pcm / £350,000
HALL FLOOR FLAT: £1,500 pcm / £285,000
FIRST FLOOR FLAT: £1,500 pcm / £295,000
SECOND FLOOR FLAT: £1,500 pcm / £295,000
TOP FLOOR FLAT: £1,250 pcm / £275,000
TOTAL: £90,600 Per annum / GDV: £1,500,000
Energy Performance Certificates (Epcs) - Ratings:
Basement Flat, First Floor Flat & Second Floor Flat - D
Hall Floor Flat & Top Floor Flat - E
Tenure - The property is for sale on a freehold basis, subject to the current ASTs for each flat.
Viewings - Strictly by appointment with Maggs & Allen -
A substantial five storey Grade II listed period building arranged as five well-presented flats (1 x 3-bedroom flat and 4 x 2-bedroom flats). There is a large garden and additional parking area to the rear that may offer potential for further development, subject to consents.
The property offers a potential rental income in excess of £90,000 per annum once the current rents have been increased and also presents a superb break-up opportunity, whereby the flats could be sold off separately.
Description - A substantial and attractive five storey Grade II listed period building arranged as five well-presented flats (1 x 3-bedroom flat and 4 x 2-bedroom flats). There is a large garden and additional parking area to the rear that may offer potential for further development, subject to consents. The building has been well-maintained during its current ownership and all of the flats benefit from modern kitchens and bathrooms, gas central heating and spacious living accommodation.
The property offers a potential rental income in excess of £90,000 per annum once the current rents have been increased and also presents a superb break-up opportunity, whereby the flats could be sold off separately.
Location - The property is situated in a fantastic location within close proximity to Bristol's harbourside which has undergone a huge transformation in recent years. Easy access is provided to the City Centre, Clifton Village and a wide range of amenities on the harbourside and Wapping Wharf.
Accommodation / Current Rental Details -
Basement Flat - Approx. 72 M² (771 Sq Ft) - Comprising a private entrance hall, lounge/diner, modern kitchen, three bedrooms and a bathroom with a garden to the rear.
Currently let on an AST dated 6 January 2022 at a rent of £1,300 pcm.
Hall Floor Flat - Approx. 53 M² (575 Sq Ft) - Comprising a lounge/diner, modern kitchen, two bedrooms and a bathroom.
Currently let on an AST dated January 2024 at a rent of £1,200 pcm.
First Floor Flat - Approx. 57 M² (622 Sq Ft) - Comprising a lounge/diner, modern kitchen, two bedrooms and a bathroom.
Currently let on an AST dated 29 July 2022 at a rent of £950 pcm.
Second Floor Flat - Approx. 53 M² (575 Sq Ft) - Comprising a lounge/diner, modern kitchen, two bedrooms and a bathroom.
Currently let on an AST dated 30 May 2020 at a rent of £850 pcm.
Top Floor Flat - Approx. 51 M² (554 Sq Ft) - Comprising an open-plan kitchen/living/dining room, two bedrooms and a bathroom.
Currently let on an AST dated 25 August 2021 at a rent of £850 pcm.
Potential Rental / Break-Up Figures - All of the flats are currently under-let and we would anticipate the current market rents below along with break-up sales values:
BASEMENT FLAT: £1,800 pcm / £350,000
HALL FLOOR FLAT: £1,500 pcm / £285,000
FIRST FLOOR FLAT: £1,500 pcm / £295,000
SECOND FLOOR FLAT: £1,500 pcm / £295,000
TOP FLOOR FLAT: £1,250 pcm / £275,000
TOTAL: £90,600 Per annum / GDV: £1,500,000
Energy Performance Certificates (Epcs) - Ratings:
Basement Flat, First Floor Flat & Second Floor Flat - D
Hall Floor Flat & Top Floor Flat - E
Tenure - The property is for sale on a freehold basis, subject to the current ASTs for each flat.
Viewings - Strictly by appointment with Maggs & Allen -
Agent Details
Maggs & Allen
60a, Northumbria Drive, Bristol, BS9 4HW
Show Contact Number
0117 949 9000
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.