A student HMO, retail unit and studio flat in Bristol will be sold at auction in February with a guide price of £825,000. The property, located at 226 Cheltenham Road in St Andrews, comes with a total of seven bed spaces spread across three floors.
The accommodation is spread over the top two floors of the property and split into two units. A self-contained HMO is located on the first and second floors, whilst a studio flat is based on the first floor. Both sections of the property are accessed from Cromwell Road.
The property, which is managed by Hollis Morgan and Burston Cook, represents a mixed use investment according to the listing. Per annum, the property generates £87,040 in rent.
The HMO contains six bedrooms, two bathrooms and a separate lounge and kitchen area. It is currently let out to students and lets have been agreed for the 2025-2026 calendar year at £695 per room per month, or £50,040 per annum for all six bedrooms.
The studio flat is let out for £1,000 per calendar month, or £12,000 per annum, The listing advises that there could be scope to incorporate the studio flat into the HMO, creating two further bedrooms, but that necessary consents but be gained.
The retail unit, which is home to chicken takeaway Pepe’s, is let for £25,000 per annum. The agreement is until October 22, 2034.
The listing adds that the property is 2,763 sqft in size over the three floors and that the studio flat has been recently renovated. The property will head to auction on February 12 with a guide price of £825,000, which may change before the auction takes place. The guide price is the currently acceptable minimum price to purchase the property.
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