Sold @ Auction £1,100,000

FOR SALE BY AUCTION

*** SOLD PRIOR TO AUCTION ***

LOT NUMBER 10
Wednesday 30th April 2014
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

THE PROPERTY

An imposing period property with gated entrance set on a large mature plot with far reaching Westerly views to the rear and overlooking the Village Green to the front. The property comprises eight luxury apartments and two charming mews houses. Gated off street parking, mature communal gardens and additional land to side.

BACKGROUND

The building was the local Doctors Surgery in the 1940's and was subsequently occupied by the Frenchay Health Trust and used as a nursing home up until the 1980's after which it was used as offices. The building was the subject of a major renovation just after the millennium and was subsequently converted into luxurious apartments and mews houses with the benefit of modern building regs and sound proofing etc.

LOCATION

Whiteshill House is located at the top of Bristol Road within the popular rural suburb of Winterbourne. The Centre of Winterbourne is within a mile with its comprehensive shopping facilities, school, church and other local amenities whilst the Village Green is directly opposite. The M32 motorway network provides direct access to the very Centre of Bristol and all the business, shopping, educational and leisure facilities to be found in any major city.
Parkway station is approximately a five minute drive away and offers high speed train services to London and other major cities.

THE OPPORTUNITY

Can be summarised as follows;

INVESTMENT

A high yielding investment producing circa £100,000 per annum - there may be scope to further increase the rental income.
Please refer to legal pack for AST agreements.

BREAK UP OPPORTUNITY

The flats could be sold off individually

FURTHER OPPORTUNITIES

There is a section of undeveloped plot to the left of the car park - interested parties should make their own enquires.

ACCOMODATION SCHEDULE

Flat 1 - 1 bed
Mews house 1 - 2 bed
Mews house 2 - 2 bed
Flat 4 - 2 bed
Flat 5 - 2 bed
Flat 6 - 2 bed
Flat 7 - 3 bed
Flat 8 - 2 bed
Flat 9 - 3 bed
Flat 10 - 2 bed
Flat 8
Mews House 1
Mews House 2
PLEASE REFER TO FLOORPLANS

RENTAL INCOME

We are informed the rental income is as follows - TBC - Please refer to AST in legal pack
Flat 1 - £700 pcm
Mews House 2 - £725 pcm
Mews House 3 - £725 pcm
Flat 4 - £725 pcm
Flat 5 - £850 pcm
Flat 6 - £850 pcm
Flat 7 - £1,000 pcm
Flat 8 - £700 pcm
Flat 9 - £1,000 pcm
Flat 10 - £900 pcm
Total income: £8,175 pcm ( £98,100 per annum)
Please refer to the online legal pack for more information.

BUYERS PREMIUM

Please be aware all purchasers are subject to a £350 + VAT buyers premium payable upon exchange of contracts.

CHARITY OF THE YEAR

Hollis Morgan are supporting Bristol Children's Help Society as their 2014 Charity of the year. We are delighted to announce that 10% of every buyers premium will be donated to this excellent local charity. For further details on their outstanding work in the community please visit www.tbchs.org.uk/about.html

In 2013, Hollis Morgan successfully raised £2,000, which was donated to Penny Brohn.

AUCTION BUYERS GUIDE

Available to download via our purpose built property website.

AUCTION FINANCE

Some properties may require specialist auction finance- please contact Hollis Morgan for access to expert advice and "whole of market" rates.

TESTIMONIALS

We are very proud of what are clients say about us - please visit our website to read our Testimonials:
www.hollismorgan.co.uk/auction-testimonials.html

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