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Block of apartments for sale

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Block of apartments for sale

Clevedon Terrace, Cotham, Bristol
£525,000

Our Summary

  • FOUR STOREY PERIOD BUILDING - TWO FLATS & BASEMENT RIPE FOR CONVERSIONAn attractive Grade II listed four storey Georgian building arranged as a ground floor 1-bedroom flat, a generous first and second floor 2-bedroom maisonette and a basement level offering scope for conversion into an additional flat, subject to consents
  • For Sale By Auction - This property is due to feature in our online auction on 22 May 2025 at 6
  • Summary - ATTRACTIVE GRADE II LISTED FOUR STOREY BUILDING ARRANGED AS A MAISONETTE, FLAT AND BASEMENT RIPE FOR CONVERSIONDescription - A substantial Grade II listed Georgian townhouse spanning four storeys and offering exceptional investment/redevelopment potential
  • The property is currently arranged as a one-bedroom flat on the ground floor, a spacious two-bedroom maisonette across the first and second floors, and a basement level that presents an opportunity for conversion into an additional flat, subject to obtaining the necessary consents
  • BASEMENT (46 m²) - An unconverted basement level with scope to convert into a one-bedroom garden flat
  • 22 May LIVE ONLINE AUCTION
  • Let producing £30,000 PA with potential to increase to £49,200 PA
  • Scope to convert basement to an additional flat

Description

This four-storey Grade II listed Georgian building is a prime investment opportunity, offering a unique chance to convert the basement level into an additional flat. The property is currently arranged as a one-bedroom flat on the ground floor, a two-bedroom maisonette across the first and second floors, and a basement level with potential for conversion. The existing flats are fully let to professionals, generating a combined annual rental income of £30,000, which could increase to £49,200 if the basement is converted and rents are raised. The property is situated in a highly sought-after location, within walking distance to the University of Bristol, city centre, and popular bars, restaurants, and shops. With a GDV of £935,000 if sold off separately and the basement converted, this is a rare chance to acquire a valuable and versatile property in a prime location.