Block of flats for sale in Block Of Flats - Whitehall Road, Whitehall, Bristol BS5

Block of 8 flats - let producing £106,080 per annum
A substantial corner property arranged as 8 well-presented flats (6 x studio flats and 2 x 1-bedroom flats). The building has been well-maintained during its current ownership and all of the flats benefit from modern kitchens and bathrooms. The property is fully-let producing of £106,080 per annum making this a superb and high-yielding rental investment, situated in a highly convenient location in Whitehall.

For Sale By Auction

This property is due to feature in our online auction on 19 September 2024 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

Viewings

By appointment.

Summary

Substantial corner property arranged as 8 flats - let producing £106,080 per annum

Description

A substantial corner property arranged as 8 well-presented flats (6 x studio flats and 2 x 1-bedroom flats). The building has been well-maintained during its current ownership and all of the flats benefit from modern kitchens and bathrooms. The property is fully-let producing of £106,080 per annum making this a superb and high-yielding rental investment, situated in a highly convenient location in Whitehall.

Location

The property is situated on Whitehall Road in Whitehall and provides easy access to a range of local amenities on Church Road in St George. Excellent transport links are also provided to the city centre.

Schedule Of Accommodation / Current Rental Details

Flat 1 - Approx. 25.2 M²

Studio flat currently let to Clearsprings Ready Homes Limited on a tenancy agreement dated 9th February 2024 and expiring on 31st August 2029 producing £1,080 pcm (£12,960 pa).

Flat 1D (Woodbine Road) - Approx. 36.2 M²

A studio flat currently let to Clearsprings Ready Homes Limited on a tenancy agreement dated 9th February 2024 and expiring on 31st August 2029 producing £1,280 pcm (£15,360 pa).

Flat 2 - Approx. 36.5 M²

A studio flat currently let to Clearsprings Ready Homes Limited on a tenancy agreement dated 9th February 2024 and expiring on 31st August 2029 producing £1,080 pcm (£12,960 pa).

Flat 3 - Approx. 22 M²

A studio flat currently let to Clearsprings Ready Homes Limited on a tenancy agreement dated 9th February 2024 and expiring on 31st August 2029 producing £1,080 pcm (£12,960 pa).

Flat 4 - Approx. 29 M²

1-Bedroom flat comprising a kitchen/living/dining room, shower room and double bedroom. Currently let to Clearsprings Ready Homes Limited on a tenancy agreement dated 9th February 2024 and expiring on 31st August 2029 producing £1,080 pcm (£12,960 pa).

Flat 5 - Approx. 31 M²

A Studio Flat currently let to Clearsprings Ready Homes Limited on a tenancy agreement dated 9th February 2024 and expiring on 31st August 2029 producing £1,080 pcm (£12,960 pa).

Flat 6 - Approx. 31 M²

A 1-bedroom flat comprising living/dining room, separate kitchen, double bedroom and shower room. Currently let to Clearsprings Ready Homes Limited on a tenancy agreement dated 9th February 2024 and expiring on 31st August 2029 producing £1,080 pcm (£12,960 pa).

Flat 7 - Approx. 30 M²

A studio flat currently let to Clearsprings Ready Homes Limited on a tenancy agreement dated 9th February 2024 and expiring on 31st August 2029 producing £1,080 pcm (£12,960 pa).

Tenure

The property is to be sold on a freehold basis, subject to the existing tenancy agreements detailed above.

Completion

Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.

Energy Performance Certificates (Epcs)

Ratings: C

Auction Or Bridging Finance Required?

Do you need a mortgage or loan quickly? Maggs & Allen have specialist Independent Brokers who can arrange residential and commercial finance on all types of property. 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.

*Guide Price

Guide Prices are provided as an indication of each seller's minimum expectation. 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. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. 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. You will need to complete our remote bidding form, which is available to download from our website. 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: £10,000

If 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.

Rental Estimates

All rental estimates are provided in good faith. They should be verified by your own professional advisors prior to a commitment to purchase.