>
Block of apartments for sale
BLOCK OF 16 FLATS - Summerhill Road, St George, Bristol
£1,400,000
BLOCK OF 16 FLATS - Summerhill Road, St George, Bristol
£1,400,000
Our Summary
- EXCEPTIONAL INVESTMENT OPPORTUNITY – Stunning Church Conversion - 16 Self-Contained FlatsDiscover a truly unique investment in the heart of St George – a beautifully converted former church, now comprising 16 self-contained flats (C2 - Care Accommodation)
- Offering both stability and potential for future growth, this property provides an outstanding investment opportunity
- There is scope to enhance rental income or explore the possibility of selling the flats individually, subject to the necessary planning consents and termination of the current lease agreement
- For Sale By Auction - This property is due to feature in our online auction on 20 March at 6
- The property presents a superb investment opportunity in its current form and also offers scope to increase the rental income or sell the flats off individually id the current lease agreement is terminated, subject to obtaining the necessary planning consents
- Planning - The property is currently arranged as 16 self-contained flats (Care Accommodation - Use Class C2) as approved under Planning Reference 17/00016/F - Planning granted on 3rd May 2017
- Full planning consent was previously granted (15th March 2012) for the conversion of the former church into 11 self-contained flats under Planning Reference 11/05333/F
- Energy Performance Certificate (Epc) - Rating: TBCAuction Or Bridging Finance Required
- Contact the Auction Team today to be put through to our mortgage and loan experts on or email Buyer's Premium - Please be advised that all purchasers are subject to a £1,500 plus VAT (£1,800 inc VAT) buyer’s premium payable upon exchange of contracts
- 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 Reserve Price (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
- Reserve Price - The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell
- Both the guide price and the reserve price can be subject to change up to and including the day of the auction
- Proxy, Telephone & Online Remote Bidding - The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid
- The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction
- Preliminary Deposits - The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:£1,000 - £150,000: £5,000£151,000 and above: £10,000If you bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,800 inc VAT) must be transferred to our client account within 24 hours of the auction sale
- If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you within 5 working days
Description
This exceptional investment opportunity is a stunning former church conversion in St George, comprising 16 self-contained flats (C2 - Care Accommodation). The property is currently let on a 10-year lease from April 2019, generating a strong annual rental income of £150,000. The flats feature modern interiors, stylish bathrooms, and spacious living areas, making it an attractive proposition for tenants. The property offers both stability and potential for future growth, with scope to enhance rental income or explore the possibility of selling the flats individually, subject to the necessary planning consents and termination of the current lease agreement. With its unique character, excellent location, and high-yielding potential, this property is a rare chance to acquire a high-yielding asset in a thriving location.