59, Jacobs Wells Road, Hotwells,
A commanding end of terrace Leasehold ( 2237 Sq Ft ) period property currently arranged as 3 x 1 bedroom flats.
The property occupies a prominent position on Jacob Wells Road within the popular suburb of Clifton Wood. Strategically located, local attractions including: Clifton Village, The Harbourside, The Triangle and The University of Bristol are all within walking distance.
Excellent long term investment / breakup opportunity.
The flats would now benefit from basic updating throughout.
Scope to create two bedrooms units subject to gaining necessary consents
Protected Tenant - been in situ since 1973 and we believe is 83 years old.
Rental income via Housing benefit of £338.40 pcm
Currently occupied by beneficiary
Vacant upon possession.
Please contact Calum Melhuish, Residential Sales Manager, to discuss the value of this property once renovated – firstname.lastname@example.org
Calum Says; “ One bedroom flats are always popular with investors and owner occupier alike and I would suggest a resale value, once renovated to a high standard, of £175k - £200k with scope for higher if a second bedroom is created”
Local rent expert Clifton Rentals has valued the rental potential at £900 pcm each for 1st and second floor flat or £21,600p/a (not including ground floor) If converted to a student house income would increase to circa £30,000 p/a.
For more information call 0117 911 3423 or 07854367689 or email email@example.com
GROUND FLOOR FLAT ( SELF CONTAINED )
Private access off Jacob Wells Road
Britony combi boiler
FIRST FLOOR FLAT
SECOND FLOOR FLAT
Basement level (former workshop)