Sold @ Auction £900,000

THE PROPERTY

A Freehold purpose built contemporary style apartment block with eleven self-contained units finished to a high standard. Comprising of seven one bedroom flats and four two bedroom flats with well-presented communal areas and a covered parking area beneath the building for nine vehicles. The property is vacant and has never been occupied.

*** SOLD BY AUCTION IN 2014 ***

LOCATION

The building is close to the busy Church road where an array of local amenities and services are all within walking distance whilst St Georges Park is within a few hundred yards and Bristol City Centre is approximately two miles away.

THE OPPORTUNITY

A high yielding freehold investment or break up opportunity.

POTENTIAL INCOME

We are advised the following rental income can be achieved:
£87,500 per annum
Please refer to online legal pack for full report.
Values provided by independent local agents.
The Letting Game
Jack Head
Director
Mobile: 07807 292 105 Office: 0117 9898 215

BUILD HISTORY

On 11 January 2008, the owner of the development (Lansdown Holdings (UK) Ltd) engaged contractors (Westland Construction Ltd) to develop the site. On 22 July 2009, Westland Construction Ltd was placed into Liquidation. On 7 April 2010, the Bank appointed Simon Girling and Graham Randall as Joint LPA Receivers of the property, following which contractors (initially Lali Interiors Ltd, subsequently Aztech Bulding Services Ltd) were engaged to complete the build out. Remedial works have yet to be completed in order to obtain building control approval.

ACCOMMODATION SCHEDULE

Please refer to the online legal pack for detailed floor plans but you will find a brief schedule below.

GROUND FLOOR

Flat 1 - 1 bedroom
9 Parking Spaces

FIRST FLOOR

Flat 2 - 2 double bedrooms
Flat 3 - 1 bedroom
Flat 4 - 1 bedroom
Flat 5 - 2 double bedrooms
Flat 6 - 1 bedroom with balcony

TOP FLOOR

Flat 7 - 2 double bedrooms
Flat 8 - 1 bedroom
Flat 9 - 1 bedroom
Flat 10 - 2 double bedrooms
Flat 11 - 1 bedroom

BUILDING SPECIFICATION

Each unit has been finished to a high specification and include the following;

KITCHENS

Range of modern floor and wall units, laminate work surfaces, stainless steel four ring gas hobs, brushed steel over head extractors, gas ovens, integrated dishwashers, fridge freezers and gas combination boilers.

BATHROOMS

Panelled baths, shower mixer attachments, wash hand basin and wall mounted towel rails.

CHARITY OF THE YEAR

Hollis Morgan are supporting Bristol Children's Help Society as their 2014 Charity of the year. We are delighted to announce that 10% of every buyers premium will be donated to this excellent local charity. For further details on their outstanding work in the community please visit www.tbchs.org.uk/about.html

In 2013, Hollis Morgan successfully raised £2,000, which was donated to Penny Brohn.