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25 bedroom flat for sale
Block Of 16 Apartments | £230K Pa
£2,300,000
Block Of 16 Apartments | £230K Pa
£2,300,000
Our Summary
- Hollis Morgan – APRIL LIVE ONLINE AUCTION – A Freehold MODERN BLOCK OF 16 APARTMENTS ( 7821 Sq Ft ) with scope for £230k pa | £2
- 93M GDV | Garages + Retail Unit | Planning for 2 x Extra Flats
- For Sale By Live Online Auction - ADDRESS | 1 - 4 The Parade Church Road & 2 Chapel Road, Bishopsworth, Bristol BS13 8JS Lot Number 23The Live Online Auction is on Wednesday 23rd April 2025 @ 17:30Registration Deadline is on Monday 21st April 2025 @ 16:00The Auction will be streamed LIVE ONLINE via the Hollis Morgan website & you can chose to bid by telephone, proxy or via your computer
- Registration is a simple online process – please visit the Hollis Morgan auction website and click “REGISTER TO BID”The Property - An imposing Freehold modern block of purpose built block ( 7821 Sq Ft ) of 16 apartments ( comprising total of 9 x 2 beds and 7 x 1 beds ) plus A3 commercial unit, garages and bonus parcel of land to the front
- Tenure - FreeholdCouncil Tax - 1 - 4 The Parade: Band A, 2 Chapel Street: Band A and Band BEPC - 1 - 4 The Parade: C & D, 2 Chapel Street: CUtilities, Rights & Restrictions - Please refer to the Legal Pack Flood Risk - Please refer to the Legal PackThe Opportunity - FREEHOLD INVESTMENTThe property is fully let producing £17,900 pcm | £214,800 pa with scope for £19,225 pcm | £230,700 paPlease refer to current and proposed schedule
- BREAK UP OPPORTUNTY | GDV £2,925,000There is scope to break up the block with a GDV of £2,925,000Please refer to proposed schedule
- DEVELOPMENT | UPPER FLOORSThere is planning granted to erect a further 1 x 2 bed and 1 x 3 bed apartments on the top floor
- DEVELOPMENT | GARAGESThe garage block at the rear of the property has scope for residential development
- DEVELOPMENT | RETAIL UNIT The retail unit has scope for conversion into addition residential apartments
- LAND | PARKINGThere is a parcel of land at the front of the property that has scope for off street parking
- Proposed Schedule Of Gdv - 1A The Parade - £160,0001B The Parade - £160,0001C The Parade - £180,0002A The Parade - £160,0002B The Parade - £160,0002C The Parade - £180,0003A The Parade - £160,0003B The Parade - £160,0003C The Parade - £180,0004C The Parade - £180,000Flat 1 Chapel Road - £185,000Flat 2 Chapel Road - £165,000Flat 3 Chapel Road - £190,000Flat 4 Chapel Road - £185,000Flat 5 Chapel Road - £190,000Flat 6 Chapel Road - £185,000A3 Retail Unit - £100,000Large Garage – £20,000Garage – £15,000Land - £10,000TOTAL - £2,925,000Current Schedule Of Income | £214,500 Pa - All flats let on AST contracts1A The Parade - £925 pcm 1B The Parade - £925 pcm 1C The Parade - £1200 pcm2A The Parade - £925 pcm 2B The Parade - £925 pcm 2C The Parade - £1200 pcm 3A The Parade - £925 pcm 3B The Parade - £925 pcm 3C The Parade - £1,100 pcm 4C The Parade - £1,200 pcm Flat 1 Chapel Road - £1,175 pcm Flat 2 Chapel Road - £950 pcm Flat 3 Chapel Road - £1150 pcm Flat 4 Chapel Road - £1150 pcm Flat 5 Chapel Road - £1,250 pcm Flat 6 Chapel Road - £1,200 pcm A3 Retail Unit - £750 pcm ( 10 year lease from 2019 with a 5yr rent review ) Large Garage – Vacant Garage – VacantTOTAL £17,900 pcm | £214,500 paPotential Schedule Of Income | £230,700 Pa - 1A The Parade - £950 pcm 1B The Parade - £950 pcm 1C The Parade - £1275 pcm2A The Parade - £950 pcm 2B The Parade - £950 pcm 2C The Parade - £1275 pcm 3A The Parade - £950 pcm 3B The Parade - £950 pcm 3C The Parade - £1,275 pcm 4C The Parade - £1,275 pcm Flat 1 Chapel Road - £1,275 pcm Flat 2 Chapel Road - £950 pcm Flat 3 Chapel Road - £1275 pcm Flat 4 Chapel Road - £1275 pcm Flat 5 Chapel Road - £1,275 pcm Flat 6 Chapel Road - £1,275 pcm A3 Retail Unit - £850 pcm ( subject to rent review ) Large Garage – £150 pcmGarage - £100 pcmTOTAL £19,225 pcm | £230,700 paPlanning History - Reference08/01735/FAlternative ReferenceApplication ReceivedThu 10 Apr 2008Application ValidatedFri 18 Apr 2008AddressFlats At 1-4 The Parade Church Road Bishopsworth BristolProposalExtension and alteration of existing block of 10 no
- APRIL LIVE ONLINE AUCTION
- FOR SALE BY ONLINE AUCTION
- SCOPE FOR £230,700 pa | £2
Description
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Here is a summary of the property description in a single paragraph:
The property is a freehold modern block of 16 apartments, including 9 two-bedroom and 7 one-bedroom units, plus a retail unit and garages, located in Bishopsworth, Bristol. The block is fully let, producing £17,900 per month, or £214,800 per annum, with scope to increase the income to £230,700 per annum. The property has planning permission to build two additional apartments on the top floor, and the garage block and retail unit have scope for residential development. The land at the front of the property could be used for off-street parking. The total GDV of the property is £2,925,000, with a proposed schedule of values for the individual apartments and units. The property is being sold by live online auction on April 23rd, 2025, with a registration deadline of April 21st, 2025.