Lot 20
Jacobs Vaults, 21a Jacobs Wells Road, Cliftonwood, BS8 1DS
Sold @ Auction £419,000
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SHORTLIST- FOR SALE BY ONLINE AUCTION
- WEDNESDAY 13TH DECEMBER 2023
- VIDEO TOUR NOW ONLINE
- VIEWINGS - REFER TO DETAILS
- LEGAL PACK COMPLETE
- SOLD @ DECEMBER ONLINE AUCTION
- LEASEHOLD DUPLEX APARTMENT
- SCOPE FOR 5 BED HMO STC
- POTENTIAL £40K PA INCOME
- EXTENDED 8 WEEK COMPLETION
FOR SALE BY LIVE ONLINE AUCTION
*** SOLD @ DECEMBER ONLINE AUCTION ***
GUIDE PRICE £375,000 +++
SOLD @ £419,000
ADDRESS | Jacob Vaults, 21a Jacobs Wells Road, Cliftonwood, Bristol BS8 1DJ
Lot Number 20
The Live Online Auction is on Wednesday 13th December 2023 @ 17:30
Registration Deadline is on Monday 11th December 2023 @ 16:00
The Auction will be streamed LIVE ONLINE via the Hollis Morgan website & you can chose to bid by telephone, proxy or via your computer.
Registration is a simple online process – please visit the Hollis Morgan auction website and click “REGISTER TO BID”
VIEWINGS
Please submit a viewing request online and we will contact you to organise an appointment.
We will send you an email and text to confirm the appointment time and the full property address.
Viewings are supervised by a member of the Hollis Morgan Auction team who will meet you at the property.
EXTENDED COMPLETION
Completion is set for 8 weeks or earlier subject to mutual consent.
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.
Press the GREEN button 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.
EPC
For full details of the EPC please refer to the online legal pack.
LEGAL PACK COMPLETE
We have been informed by our client’s solicitors that the legal pack for this lot is now complete.
Should any last minute addendums occur you will be automatically notified by email.
If the vendors have indicated they are willing to consider pre-auction offers, now is the time to submit your offer by completing the pre-auction offer form.
THE PROPERTY
A stunning duplex conversion comprising the ground and first floor of this vaulted space ( 1278 Sq Ft ) proving contemporary 5 bedroom accommodation and small private courtyard garden to the rear and a private access lane to the front with bin storage available.
Leasehold – remained of a 999 year lease
Service Charge & Ground Rent - Approx £1788 per annum
Parking Permits Obtainable
Sold with vacant possession.
LOCATION
Cliftonwood with its brightly coloured townhouses and harbour views is amongst the most sought after locations in the City. Cliftonwood offers an alternative to nearby Clifton Village with a stronger sense of community whilst still benefiting from the excellent nearby amenities in the Village, Whiteladies Road and the Triangle with independent shops, boutiques, cafes, bars and restaurants. Brunel’s Clifton Suspension Bridge provides a gateway to the Ashton Court Estate with its woodlands, mountain bike trails and walks whilst there is excellent access to the exciting Harbourside district, the City Centre and Temple Meads.
THE OPPORTUNITY
HMO INVESTMENT | £40K PA
The property is currently vacant but has scope for circa £40,000 per annum income.
We are informed the vendors have applied to BCC for a 5 Bedroom HMO License ( 00000360824 )
BCC have acknowledged the application, vendor has paid the application fee and BCC have stated " As long as you have submitted your application form and have received confirmation email your able to rent out the property" - please refer to online legal pack for further details ( The vendor anticipates the certificate to be added to the legal pack shortly )
Hollis Morgan have previously sold other HMO properties in this rank.
27 B, Jacobs Wells Road, Cliftonwood, BS8 1DS
A leasehold FIVE BEDROOM maisonette ( 1288 Sq Ft ) arranged as a LICENSED HMO STUDENT INVESTMENT producing £30,000 pa close to BRISTOL UNIVERSITY.
https://www.hollismorgan.co.uk/property-details/31359012/bristol-city/bristol/b-1
REDUCED PRICE | AUCTION
The property was previously listed with local agents for £475,000 and is now offered with a reduced guide price for sale by auction.
SOLICITORS
Jeffery Gilbert
Setfords
t: 0161 518 1311
jgilbert@setfords.co.uk
https://www.setfords.co.uk/
USEFUL INFORMATION
Tenure - Leasehold
Council Tax - B
EPC - TBC
IMPORTANT AUCTION INFORMATION
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 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 vendors are willing to consider offers prior to the auction.
Pre auction offers can ONLY be submitted by completing the online PRE AUCTION OFFER FORM
The form can be found on the Hollis Morgan website on the individual auction property listing.
Please note offers will not be considered until you have inspected the COMPLETE LEGAL PACK once it has been released.
There will be a note added to the list to confirm AUCTION PACK NOW COMPLETE when our client’s solicitor informs us no further information is due to be added.
In the event of an offer being accepted the property will only be removed from the online auction and viewings stopped once contracts have successfully EXCHANGED subject to the standard auction terms and payment of the buyer’s premium (£1000 + VAT) to Hollis Morgan.
Contracts can be exchanged via the solicitors or at the Hollis Morgan offices by appointment only.
REGISTRATION PROCESS
The registration process is extremely simple – visit the Hollis Morgan auction website and click on the “Register to Bid” button.
The “Register to Bid” button can be found on the auction home page or on the individual lot listings.
Please note this function is not available on Rightmove or Zoopla.
Stage 1 – Complete the Online Bidding Form
Stage 2 – Upload your certified ID
Stage 3 – Invitation to bid
Stage 4 – Pay your security deposit (£6,200)
You are now ready to bid – Good luck!
If your bid is successful, the balance of the deposit monies must be transferred to our client account within 24 hours of the auction sale.
If you are unsuccessful at the auction the hold placed on your card will be lifted.
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.
AUCTION FINANCE & BRIDGING LOANS
Some properties may require specialist auction finance- please contact Hollis Morgan for access to expert advice and whole of market rates from our independent brokers.
Hollis Morgan may receive introductory fees for this service from the broker.
AUCTION BUYER’S 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.
2024 CHARITY OF THE YEAR
Hollis Morgan is supporting The Malcolm Gunter Foundation as our 2024 Charity of the year with a % of each Buyers premium being donated.
In 2018 Malcolm Gunter passed away from Motor Neurone Disease - In his memory, MGF has raised over £200,000 and provided support and grants for many local people living with and affected by MND.
100% of all monies raised will be utilised in supporting sufferers of MND with their physical and emotional needs, and research into the disease .
Visit the Hollis Morgan Charity Page of our website for further details
TESTIMONIALS
We are very proud of what our past clients have say about us - please visit the Hollis Morgan website to read their testimonials.
I WANT TO SELL BY AUCTION
Since 2010 Hollis Morgan have been the most successful land and property auctioneers across the Region. Famous for large public sales our reputation was built on transparent, competitive bidding leading to some memorable results. As a reaction to covid we have moved to a monthly live online platform which has proved to be a huge success. Our core service has all the benefits of a traditional auction but now, via a fully interactive online saleroom with options to bid by telephone, proxy or online we can now reach a national and international audience - the feedback from our clients is hugely positive and we are now committed to this 21st century method of selling land and property.
In 2022 Hollis Morgan Sold More Lots by auction in Bristol, North Somerset, Bath & Gloucester than any other Auctioneer!
In 2022 over £65m of land and property was successfully sold under the hammer by Hollis Morgan.
Since 2010 Hollis Morgan have Sold More Lots by auction than any other local firm!
Bristol’s most experienced auctioneer Andrew Morgan MBE – with forty years’ experience on the rostrum.
Auction specific premium adverts on both the UK’s biggest property portals Rightmove & Zoopla.
Digital Mailing list of over 40,000 Local, National, Regional and International Developers, Investors and family buyers.
Over 100 years combined property experience operating from our Regional HQ based in Clifton covering Bristol and the West Country.
Innovative yet simple marketing techniques such as virtual tours, drone shots, video tours, hi vis signage and professional photos.
Active and coordinated social media presence on Instagram, twitter, LinkedIn and Google.
WHY LIVE ONLINE AUCTION?
•Fixed Timescales & Speed - Exchange on the day with a quick & fixed completion of 4, 6 or 8 weeks.
•Closure & Control - 10% non refundable deposit taken upon exchange and the deal is done unlike a traditional sale.
•High Profile Sale – Intensive 4-6 week marketing campaign to make your lot visible and available to all potential buyers.
•Guaranteed Price - you set a minimum reserve which protects you from selling for any less than you want.
•Transparency & Competitive Bidding - Auction provides a transparency of sale ensuring your lot is sold to the person willing to pay the most on the day.
For loads more reasons to instruct Hollis Morgan and the statistics to back it up please visit our selling by auction section of the Hollis Morgan website.
AUCTION PROPERTY DETAILS DISCLAIMER
Hollis Morgan endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 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, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation, or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide-angle lens. 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.