2 bed flat for sale

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Well-presented 2-bedroom, 2-bathroom leasehold apartment in South Bristol, offered for sale with tenant in situ.

The property has been successfully let for around 12 years with very little void time and is currently occupied by an excellent returning tenant paying £1,350 pcm with no arrears. We have intentionally kept the rent below market level due to the quality and reliability of the tenant.

The apartment has benefited from a number of recent improvements including full redecoration, new carpets and underlay, kitchen upgrades, updated lighting/electrical fittings and replacement of the hot-water cylinder.

The property also includes two bathrooms and allocated parking.

Leasehold with approximately 111 years remaining from the original 125-year lease. Current service charge is approximately £2,745 per annum and ground rent £250 per annum. The historic ground-rent escalation clause is being dealt with through the Taylor Wimpey/CMA variation process, with the landlord confirming that ground rent will not be collected above the original £250 level.

Ideal for an investor looking for an established, income-producing property with a strong letting history and an existing tenant already in place.