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12 St. Stephens Street, Bristol *Guide Price £75,000 - £90,000

  • 1 bedroom first floor flat
  • Let at £775 pcm
  • EPC: D

***Sold at Auction for £86,000*** ***Guide Price: £75,000 - £90,000*** (plus fees) This is a well presented light and airy one bedroom first floor flat of approximately 41 sqm/ 413 sqft. Both the living room and bedroom benefit from a dual aspect with the latter enjoying a view of St Stephens Church. The property is currently let at £775 pcm/£9,300 per annum and offers significant scope to increase it to current market levels. Positioned moments away from the cafes, bars and restaurants of Corn Street and Bristol's Harbourside the property is ideal for airbnb style short term letting, with several flats in the building being used for similar purposes, offering potential to further increase the rent.


12 St. Stephens Street
Bristol BS1 1EL
County: Bristol
Sale Type: Sold STC
Ref #: AH000283

A tenanted first floor 1 bedroom flat offering gross yield in excess of 10% per annum

Description

This is a well presented light and airy one bedroom first floor flat of approximately 41 sqm/ 413 sqft. Both the living room and bedroom benefit from a dual aspect with the latter enjoying a view of St Stephens Church. The property is currently let at £775 pcm/£9,300 per annum and offers significant scope to increase it to current market levels. Positioned moments away from the cafes, bars and restaurants of Corn Street and Bristol's Harbourside the property is ideal for airbnb style short term letting, with several flats in the building being used for similar purposes, offering potential to further increase the rent.

Tenure

Leasehold. Residue of 125 year lease from 2005

Accommodation

Communal Entrance with stairs and lift to uppers floors; entrance hall; open plan living space with fitted kitchen and integral appliances including, electric hob with microwave oven, fridge/freezer, washer/dryer and dishwasher; large bedroom with built in wardrobes and large bathroom.

Service Charge

£300 per calendar month including electricity and water.

Possession

Sold subject to the existing assured shorthold tenancy.

Viewing

By appointment with Auction House Tel: 0117 946 4949

Search Pack

£360 inc VAT payable upon exchange of contracts.

For Sale by Auction

On Tuesday, 30th July 2019 at 7.00pm at Ashton Gate Stadium, Winterstoke Road, Bristol BS3 2LQ Please note the auctioneers have made their best endeavours to disclose all additional fees. Interested parties should refer to the special conditions of sale contained in the Legal Pack for any late amendments or additions to these fees as well as the auction day addendum sheet prior to bidding.

Legal Pack

A full auction legal pack can be downloaded from www.auctionhousebristol.co.uk once available. For further information on the other lots in this auction please visit the website.

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts. Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.


12 St. Stephens Street
Bristol BS1 1EL
County: Bristol
Sale Type: Sold STC
Ref #: AH000283
Name Location Type Distance

Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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