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SOLD, £411,000
22, Gloucester Road, Avonmouth, BS11 9AD
12
4 
2
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- Receivership Sale
- 12 Bed HMO
- Requires Updating
- Scope for £50k ++ Income
- Excellent Investment
THE PROPERTY
A large period building arranged as 12 bedsits / studios occupying a central position on an imposing period terrace of similar properties.
The property provides low cost accommodation for both local workers and long term tenants with a combination of self contained units and bedrooms with communal kitchen and bathrooms.
LOCATION
This freehold accommodation has an ideal trading location situated in the busy port town of Avonmouth, Bristol. The properties stand proud, neighbouring the Avonmouth Railway Station and the entrance to the shopping district. The location is ideal as it has a wealth of neighbouring business; ports and attractions, easy access to shopping and entertainment facilities whilst, being only a stone's throw away from two major motorway links. Avonmouth is located at the mouth of the River Avon, on its north bank and on the Severn Estuary. The large ports Avonmouth Docks and The Royal Portbury Dock are situated in the area. The location sits less than 8 miles away from Bristol city centre and, due to its many motorway links, has easy access to Newport, Cardiff, Weston-super-Mare, Swindon and Gloucester. Motorway links to the M49 and M5 are less than 1 mile away and connect to the M4 in less than 8 miles.
THE OPPORTUNITY
A high yielding HMO licensed investment property capable of producing an income in excess of £50,000 per annum.
The property would now benefit from updating throughout with scope to increase the rents accordingly once the improvements have been made.
Potential for conversion into flats subject to gaining the necessary consents.
HMO - IMPORTANT INFORMATION
"The Property is currently occupied pursuant to various tenancies of individual rooms and is subject to HMO licensing requirements. As HMO licences are personal to each owner and cannot be transferred, the purchaser will need to obtain its own HMO licence from the relevant authority."
CURRENT INCOME
Flats let on AST contracts - please refer to online legal pack for further information;
ROOM 221
Vacant
ROOM 222
£100 Per Week
ROOM 223
Caretaker
ROOM 224
£120 pw
ROOM 225
£105 pw
ROOM 227
£120 pw
ROOM 230
£120 pw
ROOM 231
£120 pw
ROOM 233
£120 pw
ROOM 234
£70 pw
ROOM 235
£80 pw
ROOM 228
Vacant
