Clare Street Apartments
16-24 Clare Street
BS1 1XY Bristol
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Prime city centre residential investment opportunity
- 17 newly refurbished apartments
- Projected Gross Annual Income of £318,000
- Projected Net Annual Income of £292,560 after management costs
- Sought-after location in the heart of Bristol
- Opportunity to enhance income, sell individual units or further develop (STP)
The property comprises the four upper floors of a five-storey end of terrace corner property. The ground floor commercial premises do not form part of the available property. Access is provided off Clare Street and Marsh Street respectively, that both lead into a communal stairwell. The apartments follow a staggered pattern over each floor plate within the main building, rear extension and mezzanine levels. Internally, the 17 apartments have either been refurbished (or are undergoing refurbishment) to an excellent specification, all providing fully equipped kitchens, bedrooms and bathrooms. There are 16 two-bedroom and 1 one-bedroom apartments that are generally configured with an open plan living and kitchen area, double bedrooms and fully fitted bathrooms with shower over bath and white sanitary units. Some of the two-bedroom apartments also include en-suite shower rooms.
The vendor has submitted a pre-application to the Local Authority for the potential extension of the existing building to provide five additional apartments. A copy of the plans and application are available in the Information Pack.