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Bristol – Residential investment opportunity

22-23 Pritchard Street, Bristol, BS2 8RJ

Offers in excess of £3,000,000

Property Type:
Residential
Tenure:
Leasehold

Description

  • Two attractive period buildings comprising 16 apartments (6 x one bed, 4 x one bed duplexes, 6 x two bed)
  • Leasehold. The property is held on a lease for a term of 125 years from 21 September 1989 (thus having approximately 94 years unexpired) subject to a peppercorn ground rent
  • Fully let to Assured Shorthold Tenancies
  • Total Current Rent Reserved: £155,820 per annum
  • Estimated Rental Value: £185,400 per annum
  • Offering significant potential for refurbishment, rental enhancement and piecemeal break-up
  • Redevelopment potential on lower ground floor (subject to obtaining all necessary consents)
  • 10 car parking spaces
  • Opportunity to re-purpose to student accommodation subject to obtaining all necessary consent
  • Centrally located in close proximity to the University of Bristol, BRI Hospital and ample retail & leisure facilities

Offers in excess of £3,000,000 are invited subject to contract and existing tenancies

Subject to contract