19, Bath Buildings, Montpelier, BS6 5PT
SOLD, £523,000


THE PROPERTY

A Freehold mid terraced property that was converted to 4 self contained flats in the 1970's.

LOCATION

Bath Buildings is located just off Cheltenham Road within the popular suburb of Montpelier. A vast array of local amenities and services are all within close proximity including independent retailers, pubs, bars, cafes and restaurants. Bristol City Centre is within walking distance and is less than a mile away.

THE OPPORTUNITY

The flats have been let for many years and whilst commanding an excellent rental income would now benefit from basic updating throughout for individual resale or to significantly increase the rental income.
The flats are sold subject to the existing AST tenancy agreements.

BASEMENT
Studio Flat with courtyard garden.
Undeveloped front cellar - scope to convert the studio into a one bedroom unit subject to consents.

HALL FLOOR
1 Bedroom Flat
Current Income £550 pcm

FIRST FLOOR
1 Bedroom Flat
Current Income £550 pcm

TOP FLOOR
Current Income £550 pcm ( VACANT FROM 10TH JUNE )

CURRENT INCOME - £25,800

POTENTIAL INCOME - SEE APPRAISAL BELOW

NEW HOMES - GDV ADVICE

RENOVATED VALUES

BASEMENT
Studio - £160,000 - £170,000
1 Bed - £190,000 - £200,000

HALL FLOOR
£190,000 - £200,000

FIRST FLOOR
£190,000 - £200,000

TOP FLOOR
£180,000 - £190,000

Please contact Calum Melhuish from the Hollis Morgan New Homes team to discuss GDV and details on this development.

0117 973 65 65
Calum@hollismorgan.co.uk

RENTAL APPRAISAL

The local Experts Say;

The opportunity to buy four properties in one building. The flats would benefit if modernised internally. Montpelier is a very popular rental area for professionals. If modernised to a good standard the three one bed properties could achieve £825 - £850 each (circa £30,000 per annum) The studio if modernised could achieve £700 per month or £8400 per annum. The studio could be improved and with works could also be converted into a one bed property after gaining necessary consents.

Montpelier is also a very popular location for student rentals. There would be the potential to convert (with appropriate consents) into a 6 bed student House of Multiple Occupation (HMO) In terms of rental return would be circa (£36,000per annum) If this is of interest to you our sister company Bristol Student Lets would be the best people to discuss (www.bristol-student.co.uk)

If you have any questions or queries regarding this valuation please contact us on 0117 911 3423, 07854367689 or info@clifton-rentals.co.uk

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