FREEHOLD BLOCK OF FLATS
An exciting opportunity to purchase a substantial four storey period semi-detached building arranged as a basement level 1-bedroom garden flat with a 4-bedroom maisonette above. The garden flat is in need of complete renovation and the maisonette would benefit from some cosmetic updating. A superb rental investment or break-up opportunity, situated in a prime location on Church Road opposite St George's Park. Easy access is available to a wide range of local amenities on Church Road and excellent transport links are provided to the city centre.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 14 February 2023 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment
SUMMARY -
SOLD FOR £385,000 - FREEHOLD BLOCK OF FLATS - 1-BED GARDEN FLAT & 4-BED MAISONETTE
DESCRIPTION -
An exciting opportunity to purchase a substantial four storey period semi-detached building arranged as a basement level 1-bedroom garden flat with a 4-bedroom maisonette above. The garden flat is in need of complete renovation and the maisonette would benefit from some cosmetic updating. A superb rental investment or break-up opportunity, situated in a prime location on Church Road opposite St George's Park. Easy access is available to a wide range of local amenities on Church Road and excellent transport links are provided to the city centre.
LOCATION -
The property sits in a fantastic location on Church Road in St George with excellent transport links in and out of Bristol. Church Road itself provides a wide range of independent shops, bars and cafes as well as local supermarkets.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
BASEMENT FLAT -
Comprising of an entrance hall, lounge, kitchen, double bedroom, shower room and utility room with a large garden to the rear. The flat is in need of complete renovation.
MAISONETTE -
Arranged over the upper three floors of the building, the maisonette comprises of an entrance hall, lounge, kitchen, bathroom, four double bedrooms and an additional shower room and WC.
RENTAL POTENTIAL/BREAK-UP OPPORTUNITY -
We would anticipate the following rental and resale figures following refurbishment of the property:
Garden Flat: £1,000 PCM / £225,000
Maisonette: £2,000 PCM / £325,000
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATE -
Rating:
Basement Flat: D
Maisonette: E
TENURE -
The property is for sale on a freehold basis with vacant possession.
COUNCIL TAX BAND -
Bands:
Lower ground floor flat - B
Maisonette - A
BUYER'S PREMIUM -
Please be advised that all purchasers are subject to a £1,200 plus VAT (£1,440 inc VAT) buyer’s premium payable upon exchange of contracts.
*GUIDE PRICE -
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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.
PROXY, TELEPHONE & ONLINE REMOTE BIDDING -
The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which is available to download from our website. The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.
PRELIMINARY DEPOSITS -
The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:
£1,000 - £50,000: £2,000
£51,000 - £150,000: £5,000
£151,000 and above: £10,000
If your bid is successful, the balance of the deposit monies and Buyer's Premium (£1,440 inc VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you.
