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Sold @ Auction £213,000

89, East Street, Bedminster, BS3 4EX

To discuss this property call:

0117 933 9522

or request a viewing

SAVE TO SHORTLIST SAVED TO SHORTLIST

HIGH ST LOCATION
COMMERCIAL INVESTMENT
£16,000 PA
SCOPE FOR RESI DEVELOPMENT
VACANT UPPER FLOORS

SOLD @ AUCTION

*** SOLD @ HOLLIS MORGAN FEBRUARY AUCTION ***

GUIDE £165,000 +++
SOLD @ £213,000

LOT NUMBER 33
Wednesday 21st February 2018
All Saints Church Pembroke Road, Clifton, Bristol BS8 2HY
Legal packs will be available for inspection from 18:00.
The sale will begin promptly at 19:00

THE PROPERTY

A Freehold mid terraced period property ( 2160 Sq Ft ) arranged as a ground floor retail unit occupied by the "Card Factory" and two vacant upper floors.

LOCATION

East street is a popular pedestrianised High Street with a wide range of retailers and traders serving the local area yet within one mile of the city Centre. The unit is located between Wilkinsons and Betfred.

THE OPPORTUNITY

INVESTMENT

The ground floor retail unit is subject to an existing tenancy agreement until 31/12/2020 producing £16,000 per annum ( commenced 2015 )
Please refer to legal pack for copy of the lease.

UPPER FLOORS - DEVELOPMENT OPPORTUNITY

The vacant upper floors may offer some development opportunities subject to gaining the necessary consents.

ACCOMMODATION

Shop width 18’6
Shop depth 73’6
Sales Area 1,300 sq ft
ITZA 669.75
Stores 05 sq ft

RENTAL APPRAISAL

The local lettings experts say:

The Bristol Residential Letting Co. are confident this property would make a good rental investment. Josh Box of The Bristol Residential Letting Co suggests a rent in the region of:

2 x 1 Bedroom Apartments – £625 - £675pcm per unit

3 Bedroom Maisonette - £1000 - £1100pcm

If you would like to discuss more detail on the potential for rental, you can call Don (0117 370 8818) for a no obligation discussion. He will be very happy to advise on maximising the return on this property.