Hotwell Road, Hotwells, Bristol
- PROPERTY TYPE
Block of Apartments
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Attractive five storey Grade II listed building
- Arranged as five large flats (1 x 3-bed and 4 x 2-beds)
- Potential rental income in excess of £90,000 per annum
- Large garden and parking to the rear with potential
- Superb investment / break-up opportunity
Description
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 -
Brochures
Hotwell Road, Hotwells, BristolEnergy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: B
Hotwell Road, Hotwells, Bristol
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Clifton Down Station1.1 miles
- Parson Street Station1.3 miles
- Bedminster Station1.3 miles
About the agent
Maggs & Allen, Auction, Commercial & Investment
60 Northumbria Drive, Henleaze, Bristol, BS9 4HW
Auction, Commercial and Investment Property Services
Maggs + Allen offer a complete property solution for both the public and professional markets.
We are:
* Chartered Surveyors
* Auctioneers
* Commercial Sales & Letting Agents
* Land & New Homes
* Licensed Estate Agents
* Residential Letting & Management Agents
Maggs & Allen can advise and help with all your Property requirements from the leasing, sale or acquisition of offices, shops, in
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 32640773. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Maggs & Allen, Auction, Commercial & Investment. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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