Block of Apartments
For sale by auction
1st January 2030
521 Fishponds Road, Fishponds, Bristol BS16 3AH
Guide Price £315,000 (plus fees)
Price £315,000
- A high yielding investment property
- Gross annual yield in excess of 8% per annum
- Large studio flat of 111 sqm with potential for redevelopment
- 3 bedroom maisonette of 104 sqm
- In need of modernisation
- Long standing tenants
Description
Situated on Fishponds Road between Elmgrove Road and Brentry Road this is a high yielding investment property offering a gross annual yield of 8.3%. Arranged as a ground floor studio flat of 111 sqm and a first and second floor 3 bedroom maisonette of 104 sqm. Currently fully let at £26,400 per annum.
Originally a shop with residential uppers, the shop was converted circa 1990 and has been continuously let for that entire time. The property would now benefit from updating and offers the opportunity to reconfigure the ground floor into a 1-2 bedroom flat. Alternatively the property could be reconfigured into a House of Multiple Occupancy. All of course subject to the necessary planning and licensing requirements.
Location
• Situated on Fishponds Road close to the junction with Elmgrove Road.
• Range of local and national retailers imediately available.
• Rail
• Shops and Amenities
• Conservation
• Schools
• Environmental
Accommodation – Ground Floor:
Studio flat of 111 sqm with own entrance.
Entrance lobby: 2.45m (max) x 3.19m with Upvc casement front door and high level windows. Door to:
Living space: 7.38m (max) x 4.63m (max). Bedroom area leading into living space with door to garden and door to kitchen.
Kitchen: 3.58m (max) x 2.87m (max) with large storage cupboard and door to:
Bathroom: 3.03m x 2.87m.
Outside to the rear is a large, enclosed hard landscaped garden area. There is pedestrian access via a gated rear service lane.
EPC: D
Council Tax: Band B, effective from 1st April 1993.
Accommodation – First and Second Floor
Maisonette with front door on to Fishponds Road.
Ground Floor Hallway: 6.54m x 1.05m with stairs leading to upper floors.
Half landing level with bathroom: 2.84m x 2.63m and utility cupboard.
First floor landing with doors to accommodation and stairs to second floor.
Kitchen/diner: 3.90m x 2.79m
Living room: 3.49m x 4.71m
Second floor landing with doors to accommodation.
Bedroom 1: 3.72m x 4.61m
Bedroom 2: 4.25 m (max) x 3.75m narrowing to 2.08m.
Bedroom 3: 2.65m (max) x 2.55m
EPC: D
Council Tax: Band A, effective from 28th February 1996
Tenure
Freehold
Utilities
We are advised by the sellers that the following services are connected to each flat:
• Water
• Drainage
• Electric
• Gas
• Mobile and Broadband – Please visit the Ofcom mobile and broadband checker for availability of services.
Interested parties should satisfy themselves as to the suitability and availability of any services they may require.
Possession
The property is sold subject to the following Assured Shorthold Tenancies:
Ground floor (521A) – currently £800 pcm December 2006. Rent increased 8th November 2023.
Maisonette (521) – currently let at £1,400 pcm from November 2009. Rent increased 8th November 2023 2023.
Viewings
By appointment with City and Rural Property.
Additional Fees
Administration Charge
Disbursements
Local Authority: Bristol City Council
Tenure: Freehold
Guide Prices & Reserves
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.
Additional Fees
Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Plans, Maps and Photographs
The plans, floorplans, maps, photograph’s and video tours published on our website and in the catalogue are to aid identification of the property only. The plans are not to scale and should not be relied upon.
Consumer Protection Regulations 2008
City & Rural Property Auctions endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact, and they do not constitute any part of an offer or contract. All references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation, or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide-angle lens. The seller does not make any representation or give any warranty in relation to the property, and we have no authority to do so on behalf of the seller.
Anti Money Laundering Regulations.
Intending buyers will be asked to produce identification documentation either as part of the bidder registration process of if they make an acceptable pre-auction offer, we would ask for your co-operation in order that there will be no delay in agreeing the sale.
