150, Whiteladies Road, Clifton, BS8 2XZ
SOLD SUBJECT TO CONTRACT, £800,000
- Mixed Use Invesment
- Commercial Premises
- Student Accomodation
- Two Self Contained Flats
- Rare Opportunity
- 2018 Income £62,920 pa
- High Profile Investment
- A2 Retail Unit
An imposing freehold period property occupying a prominent elevated corner plot on Bristol's premiere High Street.
The property is arranged as a retail unit ( A2 ) on the ground floor and basement levels whilst the upper floors comprise of a three bedroom flat and separate 5 bedroom apartment with the benefit of a current HMO license.
Both the flats share independent access from Worrall road.
The property is situated in the heart of Clifton on the busy and vibrant Whiteladies Road. A vast array of local retailers, restaurants, bars and pubs are all within walking distance whilst excellent transport links allow easy access to Bristol City Centre. University of Bristol and the Bristol Royal Infirmary are both within a mile.
The property has potential annual income of £62,920 pa increasing to £64, 840 in 2018/19
STUDENT INCOME - 2017 / 2018 ACADEMIC YEAR
Flat 1 - £14,220 pa
Flat 2 - £23,700 pa
Total rent - £37,920 pa
Terminating - 30/6/18
The retail unit is currently vacant but was recently let for £25,000 pa.
It is currently on the market for rent at £25,000 pa.
STUDENT INCOME - 2018 / 2019 ACADEMIC YEAR
5% increase in rents
Flat 1 – £14,940 pa
Flat 2- £24,900 pa
Total - £39,840 pa
GROUND FLOOR / BASEMENT
Basement 471 Sq Ft
Ground Floor 628 Sq Ft
TOTAL 1,099 Sq Ft
We are advised by Bristol City Council that the premises are presently assessed for rating purposes as follows:-
Description: Shop and Premises
Rateable value: £21,250
The available accommodation is arranged at ground and basement level. The property has most recently been used as a property letting/management office, with open plan sales area on the ground floor together with kitchen and WC facilities.
The basement provides additional storage / ancillary accommodation.
FIRST FLOOR (FLAT 1)
Open plan kitchen diner, 3 bedrooms and bathroom.
SECOND AND TOP FLOOR (FLAT 2)
Four bedrooms, bathroom and a W.C.
Open plan living space and bedroom five.
MANAGED BY DIGS
The student element of the property is managed by local student letting experts DIGS.
Please contact Nick Jackson for advice on the student income.