Summary - FLAT 1, 84 STAPLETON ROAD, EASTON BS5 0PW
19 bed 12 bath Flat
12 self-contained flats with immediate income and clear rental uplift potential.
Freehold purpose-built block of 12 flats, close to city centre
A freehold, purpose-built block of 12 self-contained flats close to Bristol city centre offering immediate rental income and short-term uplift potential. The block currently produces c. £120,900 pa from 11 let flats (one vacant) with demonstrated scope to reach c. £160,800 pa at current market rents. Unit sizes are typical one- and two-bedroom layouts across ground, first and second floors with communal areas and small rear service yards rather than private gardens.
This is an auction lot with an 8-week completion term and a buyer’s premium payable on exchange. The sale is of the residential block only; three retail units fronting the road are excluded and remain under separate leases. Many tenancies are long-standing, so immediate reversion requires tenant turnover or rent renegotiation — a realistic refurbishment-and-relet strategy could unlock the advertised rental uplift and create disposal lots for individual resale.
Material risks and practical points: the building sits on a busy high street in a very deprived area with very high recorded crime, which may affect tenant mix, insurance and management costs. Several flats are let below current market rents and the asset is sold subject to existing tenancies; buyers must review the full legal pack, tenancy schedules and service/repair liabilities before bidding. Auction purchasers should budget for the stated buyer’s premium and the requirement to pay the deposit promptly post-sale.
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