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4 bedroom block of apartments for sale
521 Fishponds Road, Fishponds, Bristol BS16 3AH
£315,000
521 Fishponds Road, Fishponds, Bristol BS16 3AH
£315,000
Our Summary
- The property would now benefit from updating and offers the opportunity to reconfigure the ground floor into a 1-2 bedroom flat
- All of course subject to the necessary planning and licensing requirements
Description
This high-street property, situated on Fishponds Road, offers a gross annual yield of 8.3% and is currently fully let at £26,400 per annum. The property is arranged as a ground floor studio flat and a first and second floor 3-bedroom maisonette, with the potential to reconfigure the ground floor into a 1-2 bedroom flat or a House of Multiple Occupancy, subject to necessary planning and licensing requirements. The property benefits from a prominent high street position, close to local and national retailers, and is within walking distance to the train station and various amenities. The studio flat has its own entrance and a large, enclosed hard landscaped garden area, while the maisonette has a front door on Fishponds Road and three bedrooms. The property would benefit from updating, but offers a strong income stream and potential for redevelopment.