16-bedroom freehold period property/hostel

An imposing 16-bed freehold period property providing spacious accommodation of approximately 3,460 sq ft arranged over four floors, featuring a large communal kitchen, diner, and lounge area. The ground floor comprises a communal kitchen area, laundry room, bedrooms 1, 2, and 3, and a shower room. The first floor features bedrooms 4 (with en suite), 5 (with en suite), 6, 7, 8, 9, and a shower room. The second floor includes a second kitchen, bedrooms 10 (with en suite), 11, 12, 13, and 14, alongside two shower rooms. The top floor provides bedrooms 15 and 16. Externally, the property benefits from a gated rear garden, off-street parking, and a detached container/landlord's store. The building is a fully licensed 15-bedroom (24-person) HMO/hostel offered with vacant possession, with a total of 16 bedrooms (noting bedroom 11 was previously used as an office). There is potential for a total rental income between 117,000 and 135,000 pounds per annum based on an estimated 650 to 750 pounds per calendar month per room, with scope to rearrange the layout to create additional en suite bathrooms, convert into self-contained flats, or revert to a large multi-generational family home, all subject to obtaining the necessary consents. Montpelier is situated to the north-east of central Bristol, offering a thriving residential community and local businesses. Nearby Gloucester Road provides an array of independent shops, bars, and restaurants, while Cabot Circus shopping centre and Bristol city centre are within walking distance. The location offers excellent transport links with the M32 motorway moments away connecting to the M4 and M5, Montpelier train station a short walk away, Bristol Temple Meads train station less than two miles away, and Bristol International Airport located 12 miles to the south.