Sold @ Auction £615,000

FOR SALE BY AUCTION

*** SOLD @ THE £10M SEPTEMBER AUCTION – NOW TAKING LOTS – 0117 973 6565 ***

GUIDE £575,000
SOLD @ £615,000

LOT NUMBER 5
Wednesday 26th September 2018
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

EXTENDED COMPLETION

Completion is set for 8 weeks or earlier subject to mutual consent.

VIEWINGS

Viewings by appointment with Hollis Morgan - please contact George Harris
George@hollismorgan.co.uk

SOLICITORS

Sarah Turner
Cook & Co
sarah.turner@cookco.co.uk
07881 106 908

ONLINE LEGAL PACKS

Digital Copies of the Online legal pack can be downloaded Free of Charge.
Please visit the Hollis Morgan Website and select the chosen lot from our Current Auction List.
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 if they are not yet available they will automatically be sent to you when we receive them.
You will be automatically updated by email if any new information is added.
There will be a note added to the list to confirm AUCTION PACK NOW COMPLETE when no further information is due to be added.
*** STAY UPDATED *** By registering for the legal pack we can ensure you are kept updated on any changes to this Lot in the build up to the sale.

THE PROPERTY

Split level penthouse found across the upper two floors of this Grade II Listed conversion ( 2003 ) found on Sion Hill with 2 bedrooms, roof terrace, allocated parking, communal gardens and exceptional views.

The upper floor offer enjoys an entirely open plan living accommodation with exceptional views and a high degree of natural light. A kitchen/breakfast/living room offers a perfect place to entertain with a generous footprint and fabulous views, serviced by an attractive kitchen, complete with a range of integrated appliances. From here French doors open to a unique and spacious roof terrace which enjoys the sun throughout much of the day.

The lower floor enjoys two consistently proportioned bedrooms, the master of which has ample wardrobe space serviced by a luxurious tiled bathroom.

To the rear and side of Sion Spring House there are communal gardens which have been landscaped and beautifully designed providing a range of established flower beds, a barbecue, a large patio area and boules pitch, all for the sole use of Sion Spring House and The St Vincent's Rock development.

Private to the penthouse, a spectacular roof terrace with a south/south westerly sunny orientation and views towards Brunel's Suspension Bridge which enjoys the sun throughout much of the day.

Parking - Allocated secure parking for one car

Leasehold Residue of 999 years Management Fees £208 pcm ( including insurance, gardens and car parking area )
Ground Rent £250 pa

LOCATION

The property is situated in undoubtedly one of Cliftons prime residential roads on the outskirts of the village close to a wide range of high street shops, boutiques and restaurants. Bristol City Centre and M32 link to the M4/M5 motorway network is approximately 2 miles travelling distance. The nearby Clifton Suspension Bridge provides access to a wide range of recreational facilities such as Ashton Court Estate, David Lloyd, Long Ashton and Bristol and Clifton Golf Clubs to name but a few. There is a wide selection of both private and state schooling within the immediate vicinity including Clifton College, Clifton High School and Christchurch Primary School.

THE OPPORTUNITY

REDUCED PRICE FOR AUCTION

The property was previously listed for sale at £725,000 and is now reduced and offered with vacant possession.

SCOPE TO UPDATE

The property has been well maintained but there is now scope to upgrade the kitchen and open plan living space given the 5 star location and views.
There may be scope ( subject to consents ) to enclose the roof terrace to create more accommodation.

RENTAL APPRAISAL

A rare opportunity to buy a flat in an iconic location. The flat would let extremely easily and would attract corporate clients relocating senior executives to Bristol. The flat would also appeal to people downsizing who are looking to buy in the BS6, 8 and 9 areas. There is potential to update the property internally. With consents there would be potential to possibly increase number of bedrooms by covering part or all the roof terrace.

If updated internally the property would rent for circa £2000.00pcm (£24,000 p/a) which if purchased at guide price would yield around a 4% return.

If you have any questions or queries regarding this valuation please contact us on 0117 911 3423, 07854367689 or craig@clifton-rentals.co.uk

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 £1000 + VAT (£1,200 inc 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.

PRE AUCTION OFFERS

Some properties may be available to buy prior to the auction.
Pre auction offers can be only submitted by completing the OFFER FORM which can be downloaded with the online legal pack - please email 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.
You will be emailed a note to confirm the AUCTION PACK NOW COMPLETE and then offers can be submitted.
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 buyer’s premium ( £1,200 ) to Hollis Morgan. Contracts can be signed either via the solicitors or at the Hollis Morgan offices subject to appointment.

SURVEYS AND VALUATIONS

If you would like to arrange a survey or mortgage valuation of this Lot BEFORE the auction please instruct your appointed surveyor to contact Hollis Morgan and we will arrange access for them to inspect the property. Please note that buyers CANNOT attend the surveys and the surveyors are responsible for collecting and returning keys to the Hollis Morgan offices in Clifton.

BIDDING AT THE AUCTION

This property is for sale by public auction and if you intend to bid please bring the following:

Proof of identity (valid passport or photo driving licence).
Proof of address (bank statement, recent utility bill, council tax bill or tenancy agreement).
10% deposit payment.
Buyers premium payment.
Details of your solicitor.

PAYING THE DEPOSIT & BUYERS PREMIUM

We can only accept the following at the auction:

Personal or Company Cheque
Bankers Draft
Debit Card ( NOT CREDIT CARD )

TELEPHONE AND PROXY BIDDING

If you cannot attend the auction (although we strongly advise you do) you can make a TELEPHONE or PROXY BID. This authorises the auctioneer to bid on your behalf up to a pre-set limit. Forms and relevant conditions are available to download with the online legal pack. A completed form, ID and two cheques (one for the 10% deposit and one for the Buyer's Administration Fee of £1,200) are required by the Auction Department at least two full working days before the auction.

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.

WHY HOLLIS MORGAN?

Hollis Morgan regularly hold the largest property auctions across Bristol and the West Country from our iconic Sale Room in Clifton, since we formed in 2010 we have sold the most £££'s of land and property by Public Auction in the region - EVERY YEAR!
Between 2010 and 2017 we have held 45 auctions, offering 1135 lots and raising over £225m for clients across the region
Did you know….Hollis Morgan sold more £££’s of land and property by auction than all the other Bristol Auctioneers combined in 2017 with over £49m of successful sales!

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 Bristol charity based Off the Record! as our 2018 charity of the year with 5% of each buyers premium donated to help provide free and confidential mental health support and information to young people aged 11-25 in Bristol - www.otrbristol.org.uk In 2017 we were delighted to be involved in raising £30,000 over 3 events for the “Life for a cure” Bristol based meningitis charity - www.ryanbresnahan.org Visit the Charity page of our Website for further details - https://www.hollismorgan.co.uk/charity/