3 bedroom commercial property for sale

MIXED USE - INVESTMENT / DEVELOPMENT POTENTIAL

Under Offer £275,000

Property Description

Key features

  • MIXED USE FREEHOLD
  • GROUND FLOOR RETAIL
  • UPPER FLOORS - MAISONETTE
  • POTENTIAL INCOME CIRCA 22K PA
  • SCOPE TO CONVERT TO 1 BED FLATS

Full description

Hollis Morgan - A Freehold opportunity ( 2078 Sq Ft ) comprising MAISONETTE and RETAIL UNIT with DEVELOPMENT potential to rear. - POTENTIAL INCOME £22K + PA

The Property - A Freehold mixed use property ( 2078 Sq Ft ) comprising a large ground floor retail unit and a self contained maisonette on the upper floors.
The Retail unit has been extended to the rear and includes the basement.
The Maisonette is currently arranged as 3 bedrooms with a communal kitchen - we understand the flat is on a separate lease ( Title has been split )
Sold with vacant possession.

Location - Located at the lower end of West Street and is close to North Street which offers an array of independent retailers, gourmet restaurants, affluent bars, cafes and friendly public houses. Bristol City Centre is less than 1 mile away.

The Opportunity - INVESTMENT

The property is sold with vacant possession but with scope for the following income.

Retail Unit - £850 - £950 pcm
Maisonette - £850 - 900 pcm
Total - £20,400 - £22,200 pa

BREAK UP / REFURBISH / RESALE

The maisonette would now benefit from some basic updating and could be split and sold separately.

DEVELOPMENT / FLAT CONVERSION

There may be scope ( subject to consents ) to develop and extend the existing upper floors at the rear.
Potential to create 2 / 3 x 1 Bedroom Flats

Rental Appraisal - What rent can we achieve for you?

The Bristol Residential Letting Co. are confident this property would make a good rental investment. Josh Box of The Bristol Residential Letting Co suggests a rent in the region of:

2 Bedroom Maisonette – £850pcm - £900pcm

If you would like to discuss more detail on the potential for rental, you can call me (0117 370 8818) or email (josh@bristolreslet.com) for a no obligation discussion. Alternatively why not drop into my Office (222 North Street, Southville, BS3 1JD) where I am always happy to advise investors on maximising their investment.

Epc - For full details of the EPC please refer to the online legal pack.


More information from this agent

Nearest stations

  • Bedminster (0.3 mi)
  • Parson Street (0.5 mi)
  • Bristol Temple Meads (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hollis Morgan, Clifton - Commercial, Land, Development and Investment

9 Waterloo Street, Clifton, Bristol, BS8 4BT

0117 973 6565 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Hollis Morgan, Clifton - Commercial, Land, Development and Investment

9 Waterloo Street, Clifton, Bristol, BS8 4BT

0117 973 6565 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Bedminster (0.3 mi)
  • Parson Street (0.5 mi)
  • Bristol Temple Meads (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hollis Morgan, Clifton - Commercial, Land, Development and Investment

9 Waterloo Street, Clifton, Bristol, BS8 4BT

0117 973 6565 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 27945760. 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 Hollis Morgan, Clifton - Commercial, Land, Development and 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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