UNDER OFFER, Guide Price £309,000
17, Gloucester Road North, Horfield, BS7 0SG
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SHORTLIST- FREEHOLD MIXED USE
- 1690 Sq Ft
- LARGE 2 BED FLAT
- LET @ £750 PCM
- VACANT RETAIL UNIT
- GARAGE
THE PROPERTY
A Freehold mixed use property with accommodation arranged over two floors comprising ground floor retail unit with garage and garden to rear and self contained two bedroom flat on the first floor.
Sold subject to tenant in flat.
LOCATION
Gloucester Road North is located within the popular suburb of Filton. Local amenities and services including convenience stores, pubs, cafes are all within close proximity. The University of The West of England is less than two miles away plus Bristol City Centre is approximately five miles away and Southmead hopsital is within walking distance.
Large employers such as MOD, Southmead Hospital, BAE Systems and Rolls Royce are close by and it is a short walk to Filton Abbey Wood Train Station whilst Gloucester Road North has a regular bus service to the City Centre.
THE OPPORTUNITY
FREEHOLD INVESTMENT
COMMERCIAL
The retail until will be offered with vacant possession following retirement.
We understand there is scope for an income of £12,500 pa
Please refer to independent rental appraisal.
FLAT
The flat element is let on an AST contract @ £750 pcm / £9,000 pa
The tenant has been in situ since 2016 with no significant increases.
We understand there is scope to increase the rent - please refer to independent rental appraisal.
SCOPE FOR UPDATING
Interested parties should note similar properties have converted the attic space to create extra bedrooms.
There is also potential to extend to the rear of the property.
Subject to consents.
COMMERCIAL RENTAL APPRAISAL
Local commercial lettings experts Burston Cook have suggested the rental income is circa £12,500 pa
RENTAL APPRAISAL
What rent can we achieve for you?
The Bristol Residential Letting Co. are confident this property would make a good rental investment if brought to a standard suitable for the professional rental market. Danny Dean of The Bristol Residential Letting Co suggests a rent in the region of;
17, Gloucester Road North, 2 bed flat - £950pcm - £1050pcm
If you would like to discuss more detail on the potential for rental, you can call me on 07738766640 or email (danny@bristolreslet.com) for a no obligation discussion. I am always happy to advise investors on maximising their investment.
PROPERTY DETAILS DISCLAIMER
Hollis Morgan endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact, and they do not constitute any part of an offer or contract. All Hollis Morgan references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation, or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide-angle lens. The seller does not make any representation or give any warranty in relation to the property, and we have no authority to do so on behalf of the seller.