22 / 22 A and 23, Denmark Street, City Centre,
Sold @ Auction £545,000
Lot No 16
FOR SALE BY AUCTION
SOLD @ AUCTION £545,000
GUIDE PRICE £450,000
APRIL AUCTION TOTAL SALES £8.5m
LOT NUMBER 16
Wednesday 20th April
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
EXEMPT FROM 3 % STAMP DUTY
Please note that as this is a mixed use commercial and residential property it is exempt from the additional 3 % stamp duty.
*** EXTENDED COMPLETION ***
Completion is set for 1st July to allow for vacant possession.
The buyer will be given access between exchange and completion to organise new tenants to move in on 1st July if required.
*** OR EARLIER BY MUTUAL CONSENT BUT WITHOUT VACANT POSSESSION ***
15 The Mall, Clifton, Bristol, BS8 4DS
DX 130681 Clifton 4
T: 0117 974 4100
F: 0117 974 4106
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A pair of Grade II Listed Georgian properties comprising 4285 Sq Ft and arranged as 3 units;
GROUND FLOOR AND BASEMENT
A vacant commercial licensed premises which we understand has A1 / A3 / A5 consent having previously traded as a bar / club / cafe / takeaway.
Rateable Value £11,750
22 / 22 A DENMARK ST
Maisonette Number 1 - 5 bedroom HMO unit let to only 4 students on AST - terminating 30th June 2016.
Producing £20,880 per annum
23 DENMARK ST
Maisonette Number 2 - 4 bedroom HMO unit let to students on AST - terminating 30th June 2016.
Producing £20,880 per annum
Denmark Street is located adjacent to the Bristol Hippodrome theatre and within a few 100 yards of College Green, Park Street and the Harbourside.
A high yielding investment capable of producing £52,380 per annum ( on basis of £485 per room pcm + Bills ) in a central location close to Bristol University and the City Centre.
The properties have been well maintained but would now benefit from basic updating throughout with scope to increase the rents once updated.
The commercial unit could be let to provide an additional income or possible conversion into further residential accommodation subject to gaining any necessary consents.
Scope for 22 / 22A to be licensed for 5 tenants.
Scope for 23 to be increased to 5 beds ( subject to consents - please refer to legal pack )
TO BE SOLD WITH VACANT POSSESSION
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