SOLD FOR £250,000 - A freehold semi-detached building arranged as 2 x 1-bedroom flats in need of some updating. The property is situated in a highly convenient location with a wide range of local amenities on the doorstep. Both flats are offered for sale with vacant possession and present a superb investment or break-up opportunity.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 25 May 2023 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
SOLD FOR £250,000 - 2 x 1-BEDROOM FLATS - IDEAL INVESTMENT OR BREAK-UP OPPORTUNITY
DESCRIPTION -
A freehold semi-detached building arranged as 2 x 1-bedroom flats in need of some updating. The property is situated in a highly convenient location with a wide range of local amenities on the doorstep. Both flats are offered for sale with vacant possession and present a superb investment or break-up opportunity.
LOCATION -
The property is situated on the High Street in Staple Hill and provides access to a wide range of local shops, pubs and restaurants. Excellent transport links are also provided to the city centre and A4174 Ring Road.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
GROUND FLOOR FLAT -
Comprising of a living room, double bedroom, kitchen and shower room with a good-sized garden to the rear.
FIRST FLOOR FLAT -
Comprising of an open-plan kitchen/living room, a generous double bedroom and bathroom.
RENTAL / RESALE VALUES -
We would anticipate the following rental and resale figures once the flats have been updated:
Ground Floor Flat: £875 pcm / £180,000
First Floor Flat: £825 pcm / £160,000
TOTAL: £20,400 PA / £340,000
TENURE -
The property is for sale on a freehold basis with vacant possession.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATE -
Ratings: Ground Floor & First Floor - D
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.
