SOLD, £545,000
22 - 23, Denmark Street, City Centre, BS1 5DQ
9
4 
2
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SHORTLIST- Excellent Investment
- Scope for income £60k ++
- 2 HMO units
- Vacant Bar / Cafe
THE PROPERTY
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
LOCATION
Denmark Street is located adjacent to the Bristol Hippodrome theatre and within a few 100 yards of College Green, Park Street and the Harbourside.
THE OPPORTUNITY
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