Knight Court, Guinea Lane, Fishponds, BS16 2HB
Sold @ Auction £490,000
FOR SALE BY AUCTION
GUIDE £475K +++
LOT NUMBER 12
Wednesday 25th February 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
Knight Court is a brand new Freehold development of the upper floors of this commanding mixed use period terrace. The conversion has taken place over the previous 18 months and has seen the upper floors developed into five stylish self contained two bedroom apartments each with their own private entrance.
The flats are accessed via a pedestrian path to the rear of the High Street adjacent to Number 2 Guinea lane with wrought irons leading up to a communal roof terrace and providing access to all 5 units.
Flat 1,2,4 and 5 have never been occupied and are offered in excellent decorative order.
Flat 3 is currently tenanted.
Management Company - Not yet formed.
Tenure – The freehold and head leasehold of the whole of 743-745 Fishponds Road and Flats 1 – 5 Knight Court is being offered for sale subject to the 999 year leases of the ground floor shops, 743 and 745 Fishponds Road.
Knight Court is located just off Guinea Lane within the popular suburb of Fishponds. Local amenities and services including high street retailers, convenience stores, bars, pubs and restaurants are all within close proximity. Bristol City Centre is approximately four miles away.
Flat 3 is currently let for £550 pcm on a 12 month AST contract to a friend of the owner.
Local letting agents have valued the rental income to be
Flat 1 £725pcm
Flat 2 £675pcm
Flat 3 £675pcm
Flat 4 £695pcm
Flat 5 £675pcm
POTENTIAL RENTAL INCOME OF £41,340 PER ANNUM
Obvious break up opportunity.
Please contact local agents for values.
Each flat comprises of:
Open plan kitchen / lounge
Electric heating throughout.
Please refer to floorplans.
For full details of the EPC x 5 please refer to the online legal pack.
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.
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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