Large city-centre rental block with clear re‑letting and asset‑management upside.
Freehold block of 12 flats (5 x 1-bed, 7 x 2-bed) producing £120,881.64 pa
This freehold block on Stapleton Road is a sizeable, city-centre rental asset: 12 self-contained flats (5 x 1-bed, 7 x 2-bed) currently producing £120,881.64 pa and with documented scope to reach circa £160,800 pa at market rents. The building sits in a prominent main-road position minutes from Cabot Circus and benefits from good broadband and mobile coverage, double glazing (installation date unknown) and gas central heating to each unit. The legal pack confirms EPC ratings of B/C and an extended eight-week completion for the successful buyer.
The lot is sold subject to existing tenancies (one vacant unit) and includes smart communal areas and small rear yards; three ground-floor retail units are excluded from this sale. Many tenancies are long-standing, which supports income stability but also signals immediate scope to re-let or uplift rents to current market levels. A proposed breakdown of individual resale values gives a combined GDV of about £2,015,000, indicating asset-management or break-up potential for a resale strategy.
Buyers should note material practical and commercial considerations: the area records very high crime and high deprivation which can affect tenant turnover and management costs; some image notes and schedules flag roofing repairs and general decoration works (flat 5 is being redecorated). The building is Victorian/Edwardian with solid brick walls likely lacking insulation — investment in thermal upgrades may be required. Sale is by online auction with a buyer’s premium (£1,500 + VAT) and is offered subject to the documents in the legal pack — interested parties must review those prior to bidding.
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