£800,000
Hotwell Road, Hotwells, BS8
- 9 beds
£800,000
- 9 beds
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Hollis Morgan - A 9 Bedroom ( 3064 Sq Ft ) HMO STUDENT INVESTMENT producing ?51k pa ( POTENTIAL ?57K + ) with possible PLOT to rear.
THE PROPERTY
A well maintained mid terraced period property ( 3064 Sq Ft ) over four floors arranged as a 9 bedroom HMO with a large enclosed garden and coach house with access from Little Caroline Place.
360 DEGREE TOUR
Click or paste the link below to view the 360 Degree Virtual Tour.https://360eventvision.co.uk/HollisMorganDemo/output/309HotwellsRoad.html
WEEKLY SET VIEWINGS
Thursdays 14:00 - 14:30 By Appointment OnlyThe property is OPEN FOR 30 MINUTES but please leave a minimum of 15 minutes to inspect the property. Hollis Morgan would be grateful if you could arrive promptly to inspect the properties at the START of the specified times as we have scheduled viewings throughout the day and CANNOT wait for late arrivals.
INCOME
The property is let until the end of the 2018 Academic year for ?51,000 pa with the VP from 28 June 2018We understand there is scope to increase these rents for 2019.Current income ?472 per room pcmWe suggest ?535 per room pcm is achievable increasing the rents to ?57,780 pa
PLOT TO REAR
To the rear of the property is a large garage / coach house that may have scope for residential development subject to gaining necessary consents. We understand that planning was rejected in 2008.
REFUSED PLANNING ON COACH HOUSE
Reference 08/03895/LAAlternative Reference Application Received Mon 15 Sep 2008Application Validated Fri 26 Sep 2008Address 309 Hotwell Road Bristol BS8 4NQProposal Construction of a two bedroom cottage on the site of an existing garage.Status DecidedDecision REFUSEDDecision Issued Date Fri 21 Nov 2008Appeal Status Appeal decidedAppeal Decision Appeal Dismissed
LOCATION
This unique location offers an excellent alternative to Clifton or the City Centre with outstanding value and pedestrian access to Clifton Village via Hinton Lane. The property is a short stroll away from the Bristol Harbour and offers superb access to the amenities which the City Centre and Park Street have to offer, whilst Bristol University and Bristol Royal Infirmary are also within 2 miles. Excellent access to the Portway and regions motorway Network.
OFFERS
Unconditional offers in excess of ?800,000 are invited on a private treaty basis.
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