Freehold, 34, Alma Vale Road, Clifton,
Sold @ Auction £680,000
LOT NUMBER 39
FOR SALE BY AUCTION
GUIDE PRICE £600K +++
SOLD @ AUCTION - £680K
LOT NUMBER 39
Wednesday 24th February 2016
All Saints Church Pembroke Road, Clifton, Bristol BS8 2HY
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The sale will begin promptly at 19:00
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7 Queen Square
Tel: (0)117 906 9400
A mixed use Freehold investment property ( 3471 Sq Ft ) occupying prominent end of terrace position with access to the flats from Thorndale, a large ground floor extension and self contained recording studio in the basement.
The property is arranged as follows;
Self contained Recording Studio
GROUND FLOOR + EXTENSION
Self contained 2 Bedroom flat
Self contained 2 Bedroom Flat
Situated between Whiteladies Road and Clifton Village with its eclectic range of shops wine bars and restaurants whilst The Business, Educational, Medical, Cultural and Leisure Facilities of the City Centre are within one and a half miles.The property is equally close to Durdham Downs with its acres of open land and woodland bounded on the south western side by the spectacular Avon Gorge with the historic Clifton Suspension Bridge providing a unique crossing to North Somerset.
An excellent investment or break up opportunity in this highly sought after and thriving area.
We understand there is scope to considerably increase the rent of the commercial unit.
There may be scope, subject to gaining the necessary consents, to add additional floors to the rear single story extension to either enlarge the existing accommodation or create a separate self contained dwelling.
COMMERCIAL UNIT- £475 pcm - Rolling Since 2000
BASEMENT STUDIO- £550 pcm - Rolling AST
FIRST FLOOR - £900 pcm 12 Month AST terminating 10.10.16
TOP FLOOR - £895 pcm - 12 Month AST terminating 1.04.16
TOTAL - £33,840
Lot 34: 34 Alma Vale Road, Clifton, BS8 2HY
The lot would provide a great opportunity to refurbish the residential flats to a high standard and achieve rental values of £975 per flat (£23,400p/a) Or subject to appropriate planning permissions the two flats could be combined to create a six bed student maisonette which would achieve circa £3000pcm or £36000p/a. There is also development potential to build (with appropriate consents) on top of the store room/studio. The development due to its location would suit both professional and student markets.
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