Hollis Morgan Auctions says ..

Property Oracle says ..

This property in Southville, Bristol, presents a unique investment opportunity as a mixed-use building. It comprises a ground floor retail unit and four flats above. The retail unit appears to be in good condition, potentially offering a decent rental income stream. However, the interior photographs of the flats reveal they require a degree of modernisation and refurbishment. The property benefits from a central Southville location, close to amenities, schools, and transportation links. This makes it desirable both for owner-occupation and rental prospects. The limited outdoor space is a noteworthy factor, but is acceptable given the property type and location. While the list price seems reasonable compared to some similar properties, potential buyers should factor in the estimated costs of renovations before making a final decision. The current condition of the flats and any potential for leasehold issues should be carefully investigated. Considering the auction format of the sale, buyers must be prepared for a competitive environment and should conduct thorough due diligence to assess the property’s potential returns and risks. The lack of plot size information and a relatively small backyard area for such a large building may be disappointing to some potential buyers, particularly families. A thorough survey is recommended to assess the structural integrity of the building and any potential hidden issues, as with any property purchase, especially one being sold at auction. Finally, the rental income potential of this mixed use property hinges on successful lettings. The current state of the flats may affect this positively or negatively.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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