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"Hollis Morgan - A Freehold Victorian property ( 2653 Sq Ft ) arranged as 6 Flats ( 5 x Studio and 1 x 5 bed HMO ) with a current annual income of circa ?54,780 pa.

THE PROPERTY An imposing Freehold semi detached period property ( 2653 Sq Ft ) that has been a successful investment for many years and is arranged as 6 Flats.

BASEMENT
Self contained studio in excellent condition with Private entrance and sole use of the rear garden.

GROUND FLOOR
Flat 1 - Studio - Excellent Condition
Flat 2 - Studio - Excellent Condition
Flat 3 - Studio - Poor Condition - Shared Bathroom Facilities
Flat 4 - Studio - Excellent Condition - Shared Bathroom Facilities

All studios are on separate electric meters with water included in the rent.

UPPER FLOORS
Flat 5 - 5 Bed HMO licensed Maisonette with 2 bathrooms and Kitchen diner.
Gas central heating.


OUTSIDE
Rear Garden
Two off street Parking Spaces LOCATION The property is located close to the junction of Cranbrook Road and Kersteman Hill and is equidistant from Gloucester Road, Henleaze High Street whilst the University of Bristol and Bristol Royal Infirmary are both within 2 miles. INCOME Basement ?695 pcm

( ?8,340 pa ) - Rolling AST
Studio Flat 1 ?650 pcm

( ?7,800 pa ) - Rolling AST
Studio Flat 2 ?120 per calendar week ( ?6,240 pa ) - Rolling AST
Studio Flat 3 ?300 every 4 weeks ( ?3,900 pa ) - Rolling AST
Studio Flat 4 ?475 pcm

( ?5,700 pa ) - Rolling AST
HMO Maisonette ?1900 pcm

( ?22,800 pa ) - AST Terminating 1st July 2016.

CURRENT TOTAL ANNUAL INCOME - circa ?54,780

There is clearly scope to increase the rental income of Flat 3 subject to renovation and vacant possession.
Buyers may also consider combining flats 3 and 4 to create a self contained one bed flat to avoid shared bathroom facilities. VIEWINGS BY APPOINTMENT ONLY "