A tenanted first floor 1 bedroom flat offering gross yield in excess of 10% per annum
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.
Leasehold. Residue of 125 year lease from 2005
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.
£300 per calendar month including electricity and water.
Sold subject to the existing assured shorthold tenancy.
By appointment with Auction House Tel: 0117 946 4949
£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.
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.
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.