Five-bed first-floor flat with off-street parking

FOR SALE BY LIVE ONLINE AUCTION. The property is a first-floor leasehold flat located in a mixed-use corner building, accessible via a private entrance on Lypiatt Road. The accommodation spans 1131 Sq Ft and is currently configured as five bedrooms, two bathrooms, and a separate kitchen. An off-street parking space is available adjacent to the entrance. The property is sold with vacant possession. The leasehold has 990 years remaining. Annual service charge is provisionally £100 pcm, with an estimated insurance cost of £700 - £1000 pa. The ground rent is a peppercorn. The property is situated on the vibrant Church Road, offering proximity to local amenities, St Georges Park, and is approximately two miles from Bristol City Centre. Completion is set for 8 weeks, or earlier by mutual consent. The flat has potential for a rental income of approximately £30,000 per annum, subject to obtaining an HMO license, as it lies within an Article 4 area. Alternatively, it could be reconfigured by owner-occupiers into a 2-3 bedroom home with cosmetic updating, or utilized for study/work-from-home spaces. The property may also suit commercial use, subject to necessary consents.