150, Whiteladies Road, Clifton, BS8 2XZ
Sold @ Auction £710,000
FOR SALE BY AUCTION
LOT NUMBER 23
Wednesday 26th February 2014
All Saints Church Pembroke Road, Clifton, Bristol BS8 2HY
Legal packs will be available for inspection from 18:00.
The sale will begin promptly at 19:00
An imposing freehold period property occupying a prominent elevated corner plot on Bristol's premiere high street. The property is arranged as a retail unit on ground floor and basement levels whilst the upper floors comprise of a three bedroom flat and separate 5 bedroom apartment with the benefit of a current HMO license. Both the flats share independent access from Worrall road.
The property is situated in the heart of Clifton on the busy and vibrant Whiteladies Road. A vast array of local retailers, restaurants, bars and pubs are all within walking distance whilst excellent transport links allow easy access to Bristol City Centre. University of Bristol and the Bristol Royal Infirmary are both within a mile.
1.) The retail unit is let to Clifton Property Services Ltd. The lease runs from the 4th December 2012 for a term of ten years at a rent of £25,000 pa.
2.) Flat 1 is let to a group of three students expiring in June 30th 2014 at a rate of £1,017 per calendar month (£12,204 pa).
3.) Flat 2 is let to a group of five students terminating on the 30th June 2014 at a rate of£1,965 per calendar month (£20,340 pa).
Total income: £57,544
2014 / 2015 INCOME.
Both flats have now been let for the 2014 / 2015 academic year.
The rents have been increased to
£349 per room pcm terminating 30 / 6 / 2015
Flat 2 benefits from a current HMO (house of multiple occupation). Please refer to online legal pack.
A rare opportunity to acquire a high yielding prime freehold mixed use investment producing £57,544 pa.
Please refer to floor plans.
Open plan retail unit with high profile corner window, stairs leading to:
Ancillary workspace and storage.
FIRST FLOOR (FLAT 1)
Open plan kitchen diner, 3 bedrooms and bathroom.
SECOND FLOOR (FLAT 2)
Four bedrooms, bathroom and a W.C.
Open plan living space and bedroom five.
Please be aware all purchasers are subject to a £350 + VAT buyers premium payable upon exchange of contracts.
CHARITY OF THE YEAR
Hollis Morgan are supporting Bristol Children's Help Society as their 2014 Charity of the year. We are delighted to announce that 10% of every buyers premium will be donated to this excellent local charity. For further details on their outstanding work in the community please visit www.tbchs.org.uk/about.html
In 2013, Hollis Morgan successfully raised £2,000, which was donated to Penny Brohn.
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