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Block of Apartments for sale

Speedwell Road, Speedwell, Bristol

Sold STC £350,000

Property Description

Full description

Substantial end of terrace investment property comprising 4 well-presented one bedroom flats that were converted in 2006 with a detached single garage to the rear. The property is fully let producing £25,140 per annum and could be retained as an investment or alternatively offers potential for a profitable break-up opportunity. Early enquiries are recommended.

Description - Two storey end of terrace property arranged as 4no. 1 bedroom well-presented flats that were converted in 2006. All of the flats benefit from UPVC double glazed windows, modern shower rooms and kitchens with integral ovens and hobs and gas central heating via gas combination boilers. To the rear of the property is an additional rear yard and garage.

Location - Situated on Speedwell Road within close proximity of the junction with Charlton Road providing easy access to the shops and amenities on Kingswood High Street and Fishponds Road.

Flat 1 - Ground floor flat comprising Kitchen/Living Room, Bedroom and Shower Room.

Flat 2 - Ground floor flat comprising Living Room, separate Kitchen, Bedroom and Shower Room.

Flat 3 - First floor flat comprising Living Room, separate Kitchen, Bedroom and Shower Room.

Flat 4 - First floor flat comprising Kitchen/Living Room, Bedroom and Shower Room. To the rear of the property is a small decked area and single garage.

Tenancy Details - We are informed all 4 flats are let on Assured Shorthold Tenancy agreements. We understand one of the flats is let at £500 per calendar month, one flat at £495 per calender month and two are let at £550 per calendar month. I.e £25,140 per annum.

Break-Up Values - The property offers potential for the flats to be split and sold separately. We would anticipate resale figures for each flat to be in the region of £110,000-£120,000 (£440,000-£480,000 total). If each flat is sold on a new long-leasehold basis there is also the potential to sell the freehold ground rents separately and also the garage to the rear.

Floor Plan - The floor plan is provided for indicative purposes only and should not be relied upon.

Energy Performance Certificate - Ratings:
Flat 1 - B.
Flat 2 - C.
Flat 3 - B.
Flat 4 - C.

Vat - All figures quoted are exclusive of vat unless otherwise stated.

Viewings - Viewings are strictly by appointment only with Maggs & Allen.

The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of this property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.
These particaulrs including all measurements, plans, dimensions and photographs are provided for guidance purposes only and any intending purchaser or lessee should make their own enquiries.

More information from this agent

Listing History

Added on Rightmove:
16 November 2016


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