135, St. Michaels Hill, Kingsdown, BS2 8BS
SOLD, £850,000


THE PROPERTY

high yielding Freehold investment comprising two seven bedroom flats and ground floor retail unit.

LOCATION

St. Michaels Hills is located on the Cotham / Redland borders with excellent access to both the University of Bristol and the Bristol Royal Infirmary. The property is ideally suited for access to Whiteadies Road (0.3 miles), Gloucester road (0.75 miles) and the City Centre (1 Mile) whilst Clifton Down train station is located within a quarter of a mile. St Michaels hill itself offers a unique range of local retailers, amentities, pubs, bars and restaurants.

THE OPPORTUNITY

A rare opportunity to acquire a high yielding freehold investment in the heart of Kingsdown within a few 100 yards of both Bristol University and The Bristol Royal Infirmary.

INCOME

1.) Retail unit
Let for a period of ten years from 2005 for £11,000 per annum - use class A1.
2.) Flat 1
Let to a group of seven students on an AST agreement expiring on the 30th June 2014 at a rent of £2,310 per calendar month (£27,720 per annum).
3.) Flat 2
Let to a group of seven students on an AST agreement expiring on the 30th June 2014 at a rent of £2,590 per calendar month (£31,080 per annum).

2014 / 2015 INCOME

We are informed tenants are ready but not yet signed for the next academic year for both flats on the following terms.
Flat 1
Monthly rent per tenant: £350
Total monthly rent: £2450
Totalannual rent for the flat: £29,400
Flat 2
Monthly rent per tenant: £375
Total monthly rent: £2625
Total annual rent: £31,500

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