£310 K SOLD
LOT 27
GUIDE PRICE : £295 K +++ FLAT 1, 58, BALDWIN STREET, CITY CENTRE, BRISTOL BS1 1QW
City Centre
PROPERTY AREA 880.9 ft 2 /81.1 m 2
Student Investment Part I 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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