Property photos
Freehold
£1,250,000
Block of flats for sale
Hotwell Road, Hotwells, Bristol BS8Local area information
Property location
Nearby amenities
- Hotwells Primary School 0.1 miles
- Pumphouse Ferry Landing 0.2 miles
- Nova Scotia Ferry Landing 0.2 miles
- Ashton Gate Primary School 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Attractive five storey Grade II listed building
- Arranged as five large flats (1 x 3-bed and 4 x 2-beds)
- Potential rental income in excess of £90,000 per annum
- Large garden and parking to the rear with potential
- Superb investment / break-up opportunity
Five storey building arranged as five large flats
A substantial five storey Grade II listed period building arranged as five well-presented flats (1 x 3-bedroom flat and 4 x 2-bedroom flats). There is a large garden and additional parking area to the rear that may offer potential for further development, subject to consents.
The property offers a potential rental income in excess of £90,000 per annum once the current rents have been increased and also presents a superb break-up opportunity, whereby the flats could be sold off separately.
Description
A substantial and attractive five storey Grade II listed period building arranged as five well-presented flats (1 x 3-bedroom flat and 4 x 2-bedroom flats). There is a large garden and additional parking area to the rear that may offer potential for further development, subject to consents. The building has been well-maintained during its current ownership and all of the flats benefit from modern kitchens and bathrooms, gas central heating and spacious living accommodation.
The property offers a potential rental income in excess of £90,000 per annum once the current rents have been increased and also presents a superb break-up opportunity, whereby the flats could be sold off separately.
Location
The property is situated in a fantastic location within close proximity to Bristol's harbourside which has undergone a huge transformation in recent years. Easy access is provided to the City Centre, Clifton Village and a wide range of amenities on the harbourside and Wapping Wharf.
Accommodation / Current Rental Details
Basement Flat - Approx. 72 M² (771 Sq Ft)
Comprising a private entrance hall, lounge/diner, modern kitchen, three bedrooms and a bathroom with a garden to the rear.
Currently let on an AST dated 6 January 2022 at a rent of £1,300 pcm.
Hall Floor Flat - Approx. 53 M² (575 Sq Ft)
Comprising a lounge/diner, modern kitchen, two bedrooms and a bathroom.
Currently let on an AST dated January 2024 at a rent of £1,200 pcm.
First Floor Flat - Approx. 57 M² (622 Sq Ft)
Comprising a lounge/diner, modern kitchen, two bedrooms and a bathroom.
Currently let on an AST dated 29 July 2022 at a rent of £950 pcm.
Second Floor Flat - Approx. 53 M² (575 Sq Ft)
Comprising a lounge/diner, modern kitchen, two bedrooms and a bathroom.
Currently let on an AST dated 30 May 2020 at a rent of £850 pcm.
Top Floor Flat - Approx. 51 M² (554 Sq Ft)
Comprising an open-plan kitchen/living/dining room, two bedrooms and a bathroom.
Currently let on an AST dated 25 August 2021 at a rent of £850 pcm.
Potential Rental / Break-Up Figures
All of the flats are currently under-let and we would anticipate the current market rents below along with break-up sales values:
Basement flat: £1,800 pcm / £350,000
hall floor flat: £1,500 pcm / £285,000
first floor flat: £1,500 pcm / £295,000
second floor flat: £1,500 pcm / £295,000
top floor flat: £1,250 pcm / £275,000
total: £90,600 Per annum / gdv: £1,500,000
Energy Performance Certificates (Epcs)
Ratings:
Basement Flat, First Floor Flat & Second Floor Flat - D
Hall Floor Flat & Top Floor Flat - E
Tenure
The property is for sale on a freehold basis, subject to the current ASTs for each flat.
Viewings
Strictly by appointment with Maggs & Allen
A substantial five storey Grade II listed period building arranged as five well-presented flats (1 x 3-bedroom flat and 4 x 2-bedroom flats). There is a large garden and additional parking area to the rear that may offer potential for further development, subject to consents.
The property offers a potential rental income in excess of £90,000 per annum once the current rents have been increased and also presents a superb break-up opportunity, whereby the flats could be sold off separately.
Description
A substantial and attractive five storey Grade II listed period building arranged as five well-presented flats (1 x 3-bedroom flat and 4 x 2-bedroom flats). There is a large garden and additional parking area to the rear that may offer potential for further development, subject to consents. The building has been well-maintained during its current ownership and all of the flats benefit from modern kitchens and bathrooms, gas central heating and spacious living accommodation.
The property offers a potential rental income in excess of £90,000 per annum once the current rents have been increased and also presents a superb break-up opportunity, whereby the flats could be sold off separately.
Location
The property is situated in a fantastic location within close proximity to Bristol's harbourside which has undergone a huge transformation in recent years. Easy access is provided to the City Centre, Clifton Village and a wide range of amenities on the harbourside and Wapping Wharf.
Accommodation / Current Rental Details
Basement Flat - Approx. 72 M² (771 Sq Ft)
Comprising a private entrance hall, lounge/diner, modern kitchen, three bedrooms and a bathroom with a garden to the rear.
Currently let on an AST dated 6 January 2022 at a rent of £1,300 pcm.
Hall Floor Flat - Approx. 53 M² (575 Sq Ft)
Comprising a lounge/diner, modern kitchen, two bedrooms and a bathroom.
Currently let on an AST dated January 2024 at a rent of £1,200 pcm.
First Floor Flat - Approx. 57 M² (622 Sq Ft)
Comprising a lounge/diner, modern kitchen, two bedrooms and a bathroom.
Currently let on an AST dated 29 July 2022 at a rent of £950 pcm.
Second Floor Flat - Approx. 53 M² (575 Sq Ft)
Comprising a lounge/diner, modern kitchen, two bedrooms and a bathroom.
Currently let on an AST dated 30 May 2020 at a rent of £850 pcm.
Top Floor Flat - Approx. 51 M² (554 Sq Ft)
Comprising an open-plan kitchen/living/dining room, two bedrooms and a bathroom.
Currently let on an AST dated 25 August 2021 at a rent of £850 pcm.
Potential Rental / Break-Up Figures
All of the flats are currently under-let and we would anticipate the current market rents below along with break-up sales values:
Basement flat: £1,800 pcm / £350,000
hall floor flat: £1,500 pcm / £285,000
first floor flat: £1,500 pcm / £295,000
second floor flat: £1,500 pcm / £295,000
top floor flat: £1,250 pcm / £275,000
total: £90,600 Per annum / gdv: £1,500,000
Energy Performance Certificates (Epcs)
Ratings:
Basement Flat, First Floor Flat & Second Floor Flat - D
Hall Floor Flat & Top Floor Flat - E
Tenure
The property is for sale on a freehold basis, subject to the current ASTs for each flat.
Viewings
Strictly by appointment with Maggs & Allen
Floor plans and tours
Floor plans (1)
More information
Listed by
Maggs & Allen
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