APRIL AUCTION £330 K SOLD
LOT 24
FLATS 1-4, IMPERIAL CHAMBERS, GLOUCESTER ROAD, AVONMOUTH, BRISTOL BS11 9AQ
GUIDE PRICE : £340 K +++
Avonmouth
PROPERTY AREA 2261.3 ft 2 /210.1 m 2
Block of flats A leasehold property occupying a prominent comer position in the heart of Avonmouth. The property was converted from offices to four self contained flats in 2000. • Investment Leasehold investment opportunity with scope to increasing the income to £34k+ per annum • Break-up opportunity Potential to sell the flats individually with values ranging from £115k-£125k per unit. • Conversion to HMO Scope to convert the existing units into a large HMO style multi room property.
54
Current Income FLAT 1: £525pcm FLAT 2: £480pcm FLAT 3: £450pcm FLAT 4: £550pcm TOTAL: £2,005pcm/£24,060pa Fully let on rolling AST contracts
Potential Income FLAT 1: £700pcm FLAT 2: £700 pcm FLAT 3: £700 pcm FLAT 4: £750 pcm TOTAL: £2,850pcm/£34,200pa
SOLICITORS
contact:
Jonathan Wilson,
Gregg Latcham
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