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SOLD, £430,000
Block of Flats, 116, City Road, St. Pauls, BS2 8UN
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- Excellent Long Term Investment
- Highly sought after Central location
- Potential Income £28k +
- Resale / Break Up Opportunity
- *** FREEHOLD BLOCK OF FLAT ***
THE PROPERTY
A well presented mid terraced period property that has been converted into three flats all sold with tenants in situ on rolling AST contracts.
GARDEN AND HALL FLOOR
*** NOW SOLD WITH VACANT POSSESSION ***
3 Bedroom garden maisonette
Income £750 pcm
Current Market Rent £975 pcm
FIRST FLOOR
1 Bedroom Flat
Income £550 pcm
Current Market Rent £700 pcm
TOP FLOOR
1 Bedroom Flat
Income £550 pcm
Current Market Rent £700 pcm
EXTENDED COMPLETION
Completion is set for 8 weeks or earlier by mutual consent
LOCATION
City Road lies within the cultural suburb of St. Pauls. Stokes Croft is within close proximity and offers a wide variety of independent retailers, convenience stores, pubs, bars, cafes and restaurants. Broadmead and Cabot Circus are also within walking distance.
THE OPPORTUNITY
Excellent long term investment in this highly sought after central location.
The current tenants are on rolling AST agreements and have been in situ for many years and there is now clearly scope to increase the rental income to circa £28k +
The flats are offered in good decorative order.