ARCHIVE | Nov 2019 Results

£310 K SOLD

LOT 45

FLAT 1, 58, BALDWIN STREET, CITY CENTRE, BRISTOL BS1 1QW

GUIDE PRICE : £295 K +++

City Centre

PROPERTY AREA 880.9 ft 2 /81.1 m 2

Student Investment A large leasehold flat (880ft 2 ) on the first floor of this purpose built mixed use property with functional accommodation unit providing 5 bedrooms in a City Centre location on the busy Baldwin Street. • Student Investment The property is currently let to a group of 5 student tenants producing £24,500 per annum until July 2020 = £415 per room pcm • Rental Appraisal DIGS: 0117 930 8750 There is strong potential for a significant uplift in rent if a complete refurbishment was carried out in both flats. If this was done to a good standard then there is no reason why the income could be increased to a figure in excess of £30k pa. Estimated rough costing for total refurb per flat £20k -£25k to achieve in the region of a 7% return.

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SOLICITORS

contact:

Amanda Easton, AMD Solicitors

AmandaEaston@amdsolicitors.com

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