Sold @ Auction £435,000

FOR SALE BY AUCTION

*** SOLD @ AUCTION - £435,000 ***

LOT NUMBER 37
Wednesday 22nd July 2015
All Saints Church Pembroke Road, Clifton, Bristol BS8 2HY
Legal packs will be available for inspection from 18:00.
The sale will begin promptly at 19:00

BRISTOL CITY COUNCIL

This lot is offered on behalf of Bristol City Council.

THE PROPERTY

Encompassing the entire hall floor ( 1634 Sq Ft ) of this imposing property in the heart of Clifton Village this larger than average Grade II Listed apartment currently comprises four bedrooms, two bathrooms with separate kitchen and reception room.
In addition there is a staircase leading down to the West facing rear garden of which the hall floor has sole use of the right hand side ( refer to site map for demise of rear garden )
Leasehold - residue of 999 years.
We understand there are 8 flats in the block with 4 owned by Bristol City Council and 4 private owners.
Please refer to legal pack for details on how the building is managed.

LOCATION

Located in the heart of Clifton, the property offers convenient access to the Village's many amenities including cafes, restaurants, shops, bars and boutiques as well as bus route access to Whiteladies Road and Park Street. Clifton College and Clifton High are within a few hundred yards and the Durdham Downs is nearby with 400 acres of recreational space and there are a number of highly regarded schools, both state and independent, virtually on the doorstep. For the commuter there are excellent communication links, the M32 accesses the M4 (London and South Wales) and the M5 (the Midlands and South West). Bristol Temple Meads provides regular services to most cities nationwide.

THE OPPORTUNITY

The property has been let for many years and now requires updating but has scope to create a stunning hall floor apartment with private garden.

There may be scope, subject to planning, to split the property into two separate units.

RENTAL APPRAISAL

Local lettings experts "Clifton Rentals" say;

If the flat were modernised – new bathroom and kitchen, full redecoration, new flooring the property would suit either professional or student sharers alike. In terms of rental yield you should be able to achieve circa £2000.00pcm or £24000.00p/a

www.clifton-rentals.co.uk

EPC

For full details of the EPC please refer to the online legal pack.

BUYER'S PREMIUM

Please be aware all purchasers are subject to a £500 + 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 or not 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.

AUCTION BUYERS 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.

AUCTION FINANCE

Some properties may require specialist auction finance- please contact Hollis Morgan for access to expert advice and "whole of market" rates.

TESTIMONIALS

We are very proud of what our past clients have say about us - please visit the Hollis Morgan website to read their testimonials.

CHARITY OF THE YEAR

Hollis Morgan are supporting Dance Voice as their 2015 Charity of the year. We are delighted to announce that 10% of every buyers premium will be donated to this excellent local charity - Dance Voice is dependent on voluntary donations to run its dance movement psychotherapy sessions which enable so many vulnerable people express themselves and improve and integrate their physical, emotional and social health and wellbeing. For further details on their outstanding work in the community please visit www.dancevoice.org.uk In 2014 Hollis Morgan successfully raised £2,500 for Bristol Children's Help Society www.tbchs.org.uk