14 bedroom block of apartments for sale

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14 bedroom block of apartments for sale

High Street, Nailsea, Bristol
£1,850,000

Our Summary

  • A superb rental investment situated in the heart of Nailsea town centre or potential break-up opportunity with potential sales figures totalling circa £2,700,000
  • For Sale By Auction - This property is due to feature in our online auction on 25 April 2024 at 6

Description

A substantial three-story freehold property in the heart of Nailsea town center, comprising 14 newly constructed/converted one-bedroom apartments over the first and second floors and 4 retail units sold off on a long leasehold basis. Currently producing £900 per month in rent, the apartments have been finished to a high standard with modern kitchens and bathrooms, and are expected to generate an annual income of around £151,200 once fully occupied. With the potential to be broken up and sold for approximately £2.7 million, this property presents a superb rental investment opportunity or a chance to develop a unique commercial space in the heart of the town. The property will be auctioned off on April 25, 2024, with viewings available by appointment.
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