The Penthouse, 50 College Court, Pembroke Road, Clifton,
Sold @ Auction £341,000
Lot No 48
FOR SALE BY AUCTION
*** SOLD @ NOVEMBER AUCTION – 95% SUCCESS RATE AND OVER £10M OF LAND AND PROPERTY SOLD ***
GUIDE £200,000 +++
SOLD @ £341,000
LOT NUMBER 48
Wednesday 29th November
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
PRE AUCTION OFFERS
On this occasion our clients will NOT be seeking offers prior to auction.
Completion is set for 6 weeks or earlier subject to mutual consent.
WEEKLY SET VIEWING
The property is OPEN FOR 30 MINUTES but please leave a minimum of 15 minutes to inspect the property.
Hollis Morgan would be grateful if you could arrive promptly to inspect the properties at the START of the specified times as we have scheduled viewings throughout the day and CANNOT wait for late arrivals.
You do not need to book an appointment as it is a set viewing – simply arrive at the stated time and a member of the Hollis Morgan Auction team will take your details and show you the property.
Please note there are no viewings on Bank Holidays or on the day of the auction.
Pynes Hill Exeter EX2 5WR
Tel: 01392 688688
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.
Follow the RED link 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.
*** 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.
50 College Court is a "Penthouse" style top floor ( 5th ) purpose built apartment with fine views over Clifton accessed via both stairs and lift with off street parking (space no 6) at the rear.
PARKING SPACE (Space number 6)
Leasehold - residue 999 years from 1979.
Management fee - £100 pcm
College Court is located on Pembroke Road and is just a short distance from Whiteladies Road and Clifton Down shopping centre. The property is equally close to Durdham Downs with its acres of open land and woodland bounded on the south western side by the spectacular Avon Gorge with the historic Clifton Suspension Bridge providing a unique crossing to North Somerset. Clifton College and Clifton High School are easily accessible together with the Zoological Gardens. Clifton Village with its eclectic range of shops wine bars and restaurants is easily accessible whilst The Business, Educational, Medical, Cultural and Leisure Facilities of the City Centre are within one and a half miles.
The leasehold property is sold with vacant possession and is now in need of updating but will make a fine home or investment in this highly sought after location.
We suggest the property is valued at circa £325,000 once renovated.
We are informed by the Managing Agents that work on the roof is due to commence in the next 6-8 weeks and will entail a levy of £2,750 per flat. Further details will be made available as we receive them.
The Local Experts Say...
A great sized flat with huge potential. Clearly in need of a full refurbishment and a significant roof repair (which should be undertaken by the block management company) this flat has everything you would want in a two-bed property. The flat in its current layout just needs to be fully refurbished (electrics, heating, plumbing, bathrooms, kitchen, redecoration and flooring) Once completed the property would be a great long-term rental property. The dual aspects of the property would make it a popular let. Once fully refurbished to a high standard the flat would rent for £1400pcm (£16800p/a) There is also the possibility of renting the parking space separately.
If you have any questions or queries regarding this valuation please contact us on 0117 911 3423, 07854367689 or email email@example.com
For full details of the EPC please refer to the online legal pack.
Please be aware all purchasers are subject to a £750 + VAT (£900 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.
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.
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.
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.
BIDDING AT THE AUCTION
This property is for sale by public auction and if you intend to bid please bring the following:
Proof of identity (valid passport or photo driving licence).
Proof of address (bank statement, recent utility bill, council tax bill or tenancy agreement).
10% deposit payment.
Buyers premium payment.
Details of your solicitor.
PAYING THE DEPOSIT & BUYERS PREMIUM
We can only accept the following at the auction:
Personal or Company Cheque
Debit Card ( NOT CREDIT CARD )
TELEPHONE AND PROXY BIDDING
*** NO FURTHER TELEPHONE BIDDING ON THIS LOT ***
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.
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 Bristol based “ Life for a Cure” as our 2017 Charity of the year which aims ‘a LIFE for a CURE’, to raise funds in support of finding the ‘Ultimate Vaccine’ for Meningitis B. We are delighted to announce that 5 % of every buyer’s premium will be donated to ‘a Life for a Cure’ which was founded as both a legacy to Ryan and to help raise awareness and valuable funds in search of the ultimate vaccine. This Bristol charity run purely on a voluntary basis is simply about working together to stop other amazing young lives being lost to meningitis. - to learn more about Ryans Story and this fantastic cause please visit there website. www.ryanbresnahan.org/ In 2016 we raised £4,000 for Bristol based housing charity “Home Start” to learn more visit the charity section of our website - www.hollismorgan.co.uk/charity/