Sold @ Auction £310,000

FOR SALE BY AUCTION

**** SOLD @ HOLLIS MORGAN APRIL AUCTION ***

GUIDE £285,000 +++
SOLD @ £310,000

LOT NUMBER 1
Wednesday 24th April 2019
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.

SOLICITORS

Amanda Coates
AMD Solicitors
0117 9735647
amandacoates@amdsolicitors.com

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

A Freehold semi detached period property ( 2026 Sq FT ) occupying an elevated position and arranged over 3 floors with front and rear gardens.
The property is sold with vacant possession and retains a wealth of period features with classic high ceilings and bay windows.
There is a large garage / coach house to the rear accessed from Edgeware Road.

LOCATION

The property is located within the popular suburb of Staple Hill, a short distance from the High Street's array of local amenities & services, including independent retailers, pubs, bars, cafes and restaurants all in close proximity.
Bristol City Centre is approximately six miles away and served by frequent bus services just 20m away, plus an easy access route onto Bristol/Bath cycle-way to rear.

THE OPPORTUNITY

The property is now in need of complete modernisation but offers a wide range of opportunities;

FLAT DEVELOPMENT
Planning permission has been granted ( Jan 2019 ) to convert the property into a scheme of 3 self contained flats ( 2 x 2 Bed / 1 x 1 Bed ) in this highly sought after location.

FAMILY HOME
The property would make a fine 4 / 5 bedroom family home of classic period proportions with large garden and private garaged parking for 3 cars at rear and / or possible workshop / office possibilities ( Subject to consents )

HMO / STUDENT
There is scope to convert the property into a 5 + bedroom HMO ( Subject to consents )

GARAGE - FURTHER OPPORTUNITIES
Planning has previously been refused to convert the existing garage into a further residential dwelling, but we suggest there is still scope for further development/change of use ( subject to consents )

FLAT SCHEME - PLANNING GRANTED

NOTICE OF DECISION South Gloucestershire Council in pursuance of powers under the above mentioned Act hereby PERMIT:
APPLICATION NO: PK18/3864/F
DESCRIPTION OF DEVELOPMENT: Conversion and extension of 1no. existing dwelling into 3no. apartments with parking and associated works.

FLAT ACCOMMODATION SCHEDULE

Ground Floor
Flat 1 – A 2 bedroom apartment with large open plan kitchen / living space and wraparound courtyard & private garden amenity space. ( 850 Sq Ft )
First Floor
Flat 2 –– A 2 bedroom apartment with large open plan kitchen / living space and Juliet Balcony. ( 850 Sq Ft )
Second Floor
Flat 3 – A 1 Bedroom flat with open plan kitchen / living space. ( 570 Sq Ft )
Outside
Shared garden space to rear is assigned for first and second floor apartments, in addition to the private garden space provided for the ground floor apartment.
Cycle stores for all apartments.
Off street private parking space provided for both ground floor & first floor apartments at rear.
Space to provide a third parking space for top floor flat if desired subject to consent.

COACH HOUSE SCHEME – PLANNING REFUSED

NOTICE OF DECISION South Gloucestershire Council in pursuance of powers under the above mentioned Act hereby REFUSE to permit:
APPLICATION NO: PK16/6896/F
DESCRIPTION OF DEVELOPMENT: Demolition of existing building. Erection of 1no. dwelling with new access and associated works.

RENTAL APPRAISAL

What rent can we achieve for you?

The Bristol Residential Letting Co. are confident this property would make a good rental investment if converted into 3 flats. Josh Box of The Bristol Residential Letting Co suggests a rent in the region of;

1 bedroom flat - £625pcm - £675pcm

2 bedroom flat - £725pcm - £775pcm

If you would like to discuss more detail on the potential for rental, you can call me (0117 370 8818) or email (josh@bristolreslet.com) for a no obligation discussion. Alternatively why not drop into my Office (222 North Street, Southville, BS3 1JD) where I am always happy to advise investors on maximising their investment.

I will look forward to hearing from you and helping you with your investment.

Josh Box
Lettings Associate

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 only be 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 2018 we have held 51 auctions, offering 1321 lots and raising over £269m 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 2018 with over £44m 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 Zoo’s Bear Wood Appeal as our 2019 charity of the year with 5% of each buyers premium being donated.
Bear Wood is an exciting new development due to open in Summer 2019 at Wild Place Project. The exhibit will transport visitors back in time when the woodland was inhabited by European brown bears, Eurasian lynx, European wolves and wolverine, showing the effects of woodland loss on our native animals.
In 2018 we were delighted to be involved in raising £10,000 over 3 events for the “Off The Record” Bristol based mental health charity - www.otrbristol.org.uk
Visit the Charity page of our Website for further details - https://www.hollismorgan.co.uk/charity/

PROPERTY DETAILS DISCLAIMER

Auction Property Details Disclaimer
Hollis Morgan endeavour to make our sales details clear, accurate and reliable but they should not be relied on as statements or representations of fact and they do not constitute any part of an offer or contract.
All Hollis Morgan references to planning, tenancies, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack.
The seller does not make any representation or give any warranty in relation to the property and we have no authority to do so on behalf of the seller.