WITHDRAWN - A well-presented 6-bedroom property that was previously let as a licensed HMO and has been finished to a high standard throughout. Offered for sale with vacant possession, the property was previously let producing £54,000 per annum. The property includes a modern and stylish communal lounge/kitchen/diner, off-street parking, a large rear garden and enjoys a fantastic view of Elm Park to the front. An ideal turnkey investment to add to your portfolio with superb rental potential for either the student or professional markets. The University of the West of England is less than two miles away and there are a range of large employers in the local area, including the MOD, Southmead Hospital, and Rolls Royce.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 17 December 2024 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
WELL-PRESENTED 6-BEDROOM PROPERTY - SOLD WITH VACANT POSSESSION - ANTICIPATED RENTAL INCOME £54,000PA
DESCRIPTION -
A well-presented 6-bedroom property that was previously let as a licensed HMO and has been finished to a high standard throughout. Offered for sale with vacant possession, the property was previously let producing £54,000 per annum. The property includes a modern and stylish communal lounge/kitchen/diner, off-street parking, a large rear garden and enjoys a fantastic view of Elm Park to the front. An ideal turnkey investment to add to your portfolio with superb rental potential for either the student or professional markets. The University of the West of England is less than two miles away and there are a range of large employers in the local area, including the MOD, Southmead Hospital, and Rolls Royce.
LOCATION -
The property is situated on Brabazon Road in the highly desirable suburb of Filton, overlooking Elm Park. Within close proximity to the property are a wide range of local amenities including shops and restaurants, and Filton Abbey Wood train station is just a short walk away.
ACCOMMODATION -
The ground floor accommodation comprises an entrance hall, a large and well-appointed kitchen/dining/living room, 3 double bedrooms and a shower room. On the first floor are three further bedrooms, a shower room and a separate WC.
Please refer to floorplan for approximate room measurements and internal layout.
OUTSIDE -
To the front of the property there is a driveway providing off-street parking and to the rear is a good-sized garden laid mostly to lawn.
TENURE -
The property is offered for sale on a freehold basis with vacant possession.
COMPLETION -
Completion for this lot will be 6 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: C
HMO LICENSING & PLANNING -
An HMO licence for 6 persons was granted on 19/04/2023. HMO licences are not transferrable and the buyer will need to apply for a licence in their own name.
HMO licensing regulations and planning requirements are subject to regular changes, updates and even individual interpretations by the Local Authority. Prospective buyers are therefore required to make their own enquiries with the Local Authority and review the documents contained in the auction legal pack fully to satisfy themselves that the property is compliant in this respect. Maggs & Allen accept no liability in the event that any Licensing or Planning requirements/documents are not in order at the point of sale.
LETTING - WHAT CAN MAGGS & ALLEN ACHIEVE FOR YOU? -
Maggs & Allen's experienced letting team are happy to discuss the rental of this property and can advise on maximising the investment. We offer Full Management, Let Only and Rent Collection Services. Contact Jessica Archer and her team on 0117 9499000 or email lettings@maggsandallen.co.uk.
AUCTION OR BRIDGING FINANCE REQUIRED? -
Do you need a mortgage or loan quickly? Maggs & Allen have specialist Independent Brokers who can arrange residential and commercial finance on all types of property. Contact the Auction Team today to be put through to our mortgage and loan experts on 0117 9734940 or email admin@maggsandallen.co.uk
BUYER'S PREMIUM -
Please be advised that all purchasers are subject to a £1,500 plus VAT (£1,800 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 - £150,000: £5,000
£151,000 and above: £10,000
If you bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,800 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 within 5 working days.
RENTAL ESTIMATES -
All rental estimates are provided in good faith. They should be verified by your own professional advisors prior to a commitment to purchase.
