A superb opportunity to acquire a handsome and imposing end-terraced period building arranged as four spacious 1-bedroom flats with car parking to the rear and communal gardens. Situated in a prime location in Clifton, this attractive period building could be retained as a rental investment with a potential rental income in the region of £74,400 per annum or offers a superb break-up opportunity with potential resale values totalling circa £1,325,000.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 20 March 2025 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
PRESTIGIOUS INVESTMENT PROPERTY ARANGED AS FOUR FLATS IN PRIME CLIFTON POSITION
DESCRIPTION -
A superb opportunity to acquire a handsome and imposing period building arranged as four spacious 1-bedroom flats with car parking to the rear and communal gardens. Situated in a prime location in Clifton, this attractive period building could be retained as a rental investment with a potential rental income in the region of £74,400 per annum or offers a superb break-up opportunity with potential resale values totalling circa £1,325,000.
LOCATION -
The property is situated in a fantastic location in the heart of Bristol's most affluent suburb. Clifton enjoys an enviable reputation with an eclectic and diverse range of boutique shops, bars, restaurants and further essential services. The architecture is varied and striking with 400 acres of open space found on the Downs just under a mile away.
Gordon Road is a most convenient address in the centre of Clifton. This is owed to the uniquely convenient proximity to local amenities on the Clifton Triangle, Clifton Village and Whiteladies Road. Several bus routes provide easy city centre access. Bristol’s City Centre is within one mile travelling distance.
ACCOMMODATION SCHEDULE -
GARDEN FLAT (Approx. 78 m ²) - Garden flat comprising a lounge/diner, kitchen, double bedroom and bathroom.
HALL FLOOR FLAT (Approx. 53 m ²) - One-bedroom flat comprising a lounge, kitchen, double bedroom and bathroom.
FIRST FLOOR FLAT (Approx. 53 m ²) - One-bedroom flat comprising a lounge, kitchen, double bedroom and bathroom.
SECOND FLOOR FLAT (Approx. 53 m ²) - One-bedroom flat comprising a lounge, kitchen, double bedroom and shower room.
TENANCY DETAILS -
The flats are let on ASTs producing the following rents:
GARDEN FLAT: £1,150 pcm
HALL FLOOR FLAT: Vacant
FIRST FLOOR FLAT: £1,100 pcm
SECOND FLOOR FLAT: £1,050 pcm
The current rents are low and there is scope to increase the rents on all of the flats.
POTENTIAL RENTAL/RESALE VALUES -
GARDEN FLAT: Potential Rent of £1,700 pcm / Resale Value of circa £350,000
HALL FLOOR FLAT: Potential Rent of £1,500 pcm / Resale Value of circa £325,000
FIRST FLOOR FLAT: Potential Rent of £1,500 pcm / Resale Value of circa £325,000
SECOND FLOOR FLAT: Potential Rent of £1,500 pcm / Resale Value of circa £325,000
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATES (EPCs) -
Rating: Garden Flat - D / Hall Floor Flat - E / First Floor Flat - E / Second Floor Flat - E
TENURE -
The property is for sale on a freehold basis, subject to the above ASTs.
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.
