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Bristol Apartments From £180,000 | Up to 10% Net on Short Term Lets | Completed Short-term and Corporate Lets allowed

Project Investor Pack Request
INVESTMENT OVERVIEW

Residential Investment

Fully Completed and Tenanted Apartments well located to take full advantage the option to do short-term and corporate lets.

The Development

Bristol Apartments is a completed development in a popular area of Bristol with a strong employment and tourist market.

We have a management company in place who have existing relationships with Bristol’s largest employers. They would like to put the apartments on a corporate let model and are confident of delivering a yield of up to 10% net.

The apartments are currently tenanted generating a 4% net yield. Most tenants have a one month notice period so can easily be moved to short lets which will generate higher returns.

Highlights

 

  • 34 One beds & 5 two beds
  • Development completed in 2020
  • All tenanted on either 6- or 12-month tenancies
  • Short Term Lets allowed in the lease
  • Management company for short term lets in place and ready-to-go
  • 8% Management fees
  • Net Yields as high as 10% achievable via Short Term Lets
  • £0 Ground Rent
  • 999-year lease
  • All units come with one allocated car park space
  • 5 units have Terraces
  • Good quality specification with very modern touches such as app-controlled lighting and rain head showers.
  • Sold unfurnished however furniture is in there currently that is owned by the tenants

 

Market Overview

Bristol

High Demand for Housing

Bristol currently has a housing shortage of around

Increase in Rental Yields

Bristol enjoyed the highest rental increase of any UK city

High Increase in Property Prices

Property prices have increased greatly over the last year

Bristol Property Market

 

Housing Demand

 

There is a massive shortfall of housing in Bristol with the demand for housing increasing by 15% between 2020 and 2021. This housing shortage was compounded by the exodus from London during the pandemic and people’s living and working arrangements changing.

 

Rental Market

 

The average rent increased by 8% from 2020-2021 and has seen an  annual average increase of 4.5% which is well above the national average of 3.6%.

 

Property Prices

 

Property prices rose by 68% between 2011 and 2021. This trend is set to continue with property prices increasing by 2.1% in January this year alone and 8.1% up from the same time in the previous year. This continued upwards trajectory means that it is a fair assumption that investing in property in Bristol will mean continued capital growth, another criterion by which investors assess the viability of an investment.

Project

Spacious one and two bed apartments with a high specification - fully completed and tenanted


Types:
1 and 2 Bed
Price:
From £180,000
Rental Options:
AST and Short-Term Lets
Completion:
Completed
Tenanted:
Yes
Tenure:
999 Years

Investment

Long term Lets (AST) suitable for both Cash and Mortgage Buyers and Short/Corporate Lets are permitted


Purchase Options:
Cash and Mortgage Purchases Available
Cash Buyer Return (AST):
Up to 4.5% Net
Cash Buyer Return (Short-term):
Up to 10% Net
Mortgage Buyer Return on Capital (AST):
Up to 4.5%
Mortgage Buyer Return on Capital (Short-term)
Up to 22%
Reservation Fee:
£5000
Mortgageable:
Yes
Fully Managed:
Yes

Alternative Investments

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