Sold @ Auction £385,000

FOR SALE BY AUCTION

GUIDE PRICE - £385,000 +++
SOLD @ AUCTION - £385,000

LOT NUMBER 16
Wednesday 24th February 2016
All Saints Church Pembroke Road, Clifton, Bristol BS8 2HY
Legal packs will be available for inspection from 18:00.
The sale will begin promptly at 19:00

*** NEW COMPLETION DATE ***

COMPLETION IS NOW SET FOR MARCH 31ST

SOLICITORS

Peter Burrows & Co Solicitors
194 North St, Bristol, City of Bristol BS3 1JF
0117 963 6366
peterburrows01@live.co.uk

ONLINE LEGAL PACKS

Please visit the Hollis Morgan Website and select the chosen lot from our Current Auction List.
Legal Packs are free to download from Hollis Morgan.
Follow the RED link to "Download Legal Packs" For the first visit you will be required to register simply with your email and a password. Having set up your account you can download legal packs or register to receive them if not yet available.
You will be automatically be updated if any new information is added.

THE PROPERTY

A commanding end of terrace Leasehold ( 2237 Sq Ft ) period property currently arranged as 3 x 1 bedroom flats.

LOCATION

The property occupies a prominent position on Jacob Wells Road within the popular suburb of Clifton Wood. Strategically located, local attractions including: Clifton Village, The Harbourside, The Triangle and The University of Bristol are all within walking distance.

THE OPPORTUNITY

Excellent long term investment / breakup opportunity.
The flats would now benefit from basic updating throughout.
Scope to create two bedrooms units subject to gaining necessary consents

GROUND FLOOR

Protected Tenant - been in situ since 1973 and we believe is 83 years old.
Rental income via Housing benefit of £338.40 pcm

FIRST FLOOR

Vacant

TOP FLOOR

Currently occupied by beneficiary
Vacant upon possession.

RESALE VALUES

Please contact Calum Melhuish, Residential Sales Manager, to discuss the value of this property once renovated – calum@hollismorgan.co.uk
Calum Says; “ One bedroom flats are always popular with investors and owner occupier alike and I would suggest a resale value, once renovated to a high standard, of £175k - £200k with scope for higher if a second bedroom is created”

RENTAL APPRAISAL

Local rent expert Clifton Rentals has valued the rental potential at £900 pcm each for 1st and second floor flat or £21,600p/a (not including ground floor) If converted to a student house income would increase to circa £30,000 p/a.
For more information call 0117 911 3423 or 07854367689 or email info@clifton-rentals.co.uk

ACCOMMODATION

GROUND FLOOR FLAT ( SELF CONTAINED )

Entrance
Private access off Jacob Wells Road

Lounge

Double bedroom

Kitchen
Britony combi boiler

Bathroom

FIRST FLOOR FLAT

Lounge

Kitchen

Double bedroom

Bathroom

SECOND FLOOR FLAT

Double bedroom

Lounge

Kitchen

Bathroom

OUTSIDE

Communal courtyard

Basement level (former workshop)

EPC

For full details of the EPC please refer to the online legal pack.

BUYER'S PREMIUM

Please be aware all purchasers are subject to a £750 + VAT buyer's premium which is ALWAYS payable upon exchange of contracts whether the sale is concluded before, during or after the auction date.

GUIDE PRICE

An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

RESERVE PRICE

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

OFFERS

Pre auction offers can be only submitted by completing the OFFER FORM which can be downloaded within the online legal pack. Please send the COMPLETED form to – olly@hollismorgan.co.uk Please note offers will not be considered until you have viewed the property and the COMPLETE legal pack has been released. In the event of an offer being accepted the property will only be removed from the auction and viewings stopped once contracts have successfully exchanged subject to the standard auction terms and payment of the buyers premium to Hollis Morgan.

AUCTION BUYERS GUIDE VIDEO

We have short video guides for both buying and selling by Public Auction on the Hollis Morgan Website. If you have any further questions regarding the process please don’t hesitate to contact Auction HQ.

TESTIMONIALS

We are very proud of what our past clients have say about us - please visit the Hollis Morgan website to read their testimonials.

CHARITY OF THE YEAR

Hollis Morgan are supporting Dance Voice as their 2015 Charity of the year. We are delighted to announce that 10% of every buyers premium will be donated to this excellent local charity - Dance Voice is dependent on voluntary donations to run its dance movement psychotherapy sessions which enable so many vulnerable people express themselves and improve and integrate their physical, emotional and social health and wellbeing. For further details on their outstanding work in the community please visit www.dancevoice.org.uk In 2014 Hollis Morgan successfully raised £2,500 for Bristol Children's Help Society www.tbchs.org.uk