7, North Street, Southville, BS3 1EN
UNDER OFFER, £312,000


Key Features

  • Freehold on North Street
  • Mixed Use Investment - £20k + Income
  • Self Contained 1 Bed Garden Flat
  • Self Contained 3 Bed First Floor Flat
  • Retail Unit

THE PROPERTY

A Freehold mixed use investment property comprising a ground floor retail unit and two self contained flats.

GROUND FLOOR

Self contained Retail Unit

Self contained 1 Bedroom Garden Flat

FIRST FLOOR

Self contained 3 Bedroom Flat

LOCATION

The property is located at the start of the vibrant North Street within the popular suburb of Southville. North Street offers an array of independent retailers, gourmet restaurants, affluent bars, cafes and friendly public houses. Bristol City Centre is less than1 mile away.

THE OPPORTUNITY

Excellent investment or break up opportunity in this highly sought after location close to the City Centre.
We understand there may be scope to increase the rental income on the flats.
The First floor flat would benefit from some basic updating and will be vacant from April 30th allowing buyers to renovate and increase rents.

Please note the adjoining building was recently sold by Hollis Morgan and will shortly be developed into luxury apartments.

INCOME

GROUND FLOOR RETAIL UNIT

6 Year Lease from 1st November 2016 with 3 Year Rent Review / Break.
£4,800 pa

GROUND FLOOR REAR FLAT

Let on a rolling AST agreement
£7,020pa
£585 pcm
Tenant is due to vacate on 2nd May.

FIRST FLOOR FLAT

Let on a rolling AST agreement
£8,940 pa
£745 pcm
Tenant is due to vacate by 30th April

TOTAL

£20,760 pa

PLEASE REFER TO ONLINE LEGAL PACK FOR AST

RENTAL APPRAISAL

The local lettings experts say:

The Bristol Residential Letting Co. are confident this property would make a good rental investment. Don McKeever of The Bristol Residential Letting Co suggests a rent in the region of £625pcm for the ground floor flat and £775pcm for the first floor flat. If you would like to discuss more detail on the potential for rental, you can call Don (0117 370 8818) for a no obligation discussion. He will be very happy to advise on maximising the return on this property.


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