Residential Development for sale

Filton Avenue, Filton, Bristol

Sold STC £5,000

Property Description

Full description

A freehold ground rent investment comprising a mid-terraced, repaired Cornish style property that has recently been converted into two self-contained flats. The flats have been sold on 150 year leases producing a total ground rent income of £300 per annum. The freeholder also has the benefit of managing and insuring the building.

Freehold Ground Rent Investment -

Description - A freehold ground rent investment comprising a mid-terraced, repaired Cornish style property that has recently been converted into two self-contained flats. The property benefits from a PRC repair certificate and the flats come with a 10 year structural warranty in place (with ICW). The flats have been sold on 150 year leases producing a total ground rent income of £300 per annum. The freeholder also has the benefit of managing and insuring the building.

Location - The property is located in a convenient location in Filton and provides easy access to many of North Bristol's major employers such as The MOD, Airbus, Rolls Royce and Southmead Hospital amongst others. Parkway and Abbey Wood Train Stations are also a short drive away.

Ground Rents - We understand that the ground rent payable for each flat is £150 per annum giving a total annual income of £300. The ground rents are subject to 10 yearly RPI linked rent reviews.

Lease Details - The ground floor flat was sold off on a 150 year lease from April 2019 and the first floor flat was sold off on a 150 year lease from June 2019.

Additional Information - We understand the Freeholder also has the benefit of managing and insuring the building.

Notices - Notices under s.5B of the Landlord & Tenant Act 1987 have not yet been served.

Viewing - External viewing only.

Contact - Rob Ansell
Maggs & Allen
Tel:
Email:

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.


More information from this agent

Nearest stations

  • Filton Abbey Wood (0.3 mi)
  • Bristol Parkway (1.0 mi)
  • Patchway (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Maggs & Allen, Auction, Commercial & Investment

60 Northumbria Drive, Henleaze, Bristol, BS9 4HW

0117 407 2072 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

  • Filton Abbey Wood (0.3 mi)
  • Bristol Parkway (1.0 mi)
  • Patchway (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Maggs & Allen, Auction, Commercial & Investment

60 Northumbria Drive, Henleaze, Bristol, BS9 4HW

0117 407 2072 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 29171432. 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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