5 Great Eastern House, Gas Ferry Road, City Centre, BS1 6GP
Sold @ Auction £190,000


FOR SALE BY AUCTION

*** SOLD POST AUCTION ***

GUIDE £180,000 +++
SOLD @ £190,000

LOT NUMBER 21
Wednesday 18th July 2018
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

EXTENDED COMPLETION

Completion is set for 6 weeks or earlier subject to mutual consent.

VIEWING

Viewings by appointment with Hollis Morgan
Contact George Harris - 0117 973 65 65

SOLICITORS

Tom Bowering
Wards
Tom.Bowering@wards.uk.com

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.
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.

THE PROPERTY

A Contemporary second floor apartment ( 502 Sq Ft ) completed in 2010 with balcony, located on Bristol's floating harbour.
The apartment offers a modern kitchen area with integrated appliances.
The lounge / diner is a good size and features a walk on balcony over looking the courtyard between buildings.
The double bedroom is dual aspect with full-length window to one side of the room and further high-level window and built in wardrobe.
There is a white bathroom suite with a tiled floor and a fitted wall mirror.

Lease - 140 years remaining
Ground rent - £300 pa
Management fee - £100 pcm

LOCATION

Set right in the heart of Bristol's newly regenerated Harbourside by Brunel's SS Great Britain, this one bedroom apartment with balcony, couldn't be better located for professionals or indeed investors wanting to take advantage of all that is on offer!
The property is situated within walking distance of the endless array of shops, restaurants, cafes, theatres and other attractions in Bristol City Centre and the Harbourside area. College Green, Park Street and Clifton are within easy reach, and the M32 Motorway and Temple Meads Station are just a few minutes drive.

THE OPPORTUNITY

REDUCED PRICE FOR AUCTION

The property was previously listed at £235,000 and now offers excellent value.

INVESTMENT

There is scope to achieve rental income in the region of £925 pcm
Sold with vacant possession.

We understand the leaseholder is open to a Deed of Variation which will change the Ground Rent from doubling every 10 years to rising in line with RPI instead. This would cost £3000.
Please refer to legal pack.

RENTAL APPRAISAL

What rent can we achieve for you?
The Bristol Residential Letting Co. have managed this property for 5 years with 2 tenancies during this period. We are confident this property would make a good rental investment. Josh Box of The Bristol Residential Letting Co suggests a rent of £925pcm if furnished

ACCOMMODATION

Communal Hall

Secure communal entrance hall with stairs rising to apartments.

Entrance Hallway

With entryphone system, storage cupboard, telephone point, smooth plastered ceiling, doors opening to open plan main
living space, bedroom and bathroom.

Open Plan Living

17'2" x 12'5"
An open plan main reception with space enough for lounge and dining areas, there is a full length window and further
window to side, full-length door which opens to the balcony, further internal door to storage cupboard. The lounge/dining
area is carpeted, television and telephone points, double radiator.
The kitchen area has "Lattez" coloured units at both eye and base level with wood grain effect Roll edge work surfaces
over, built in oven, electric hob and extractor over, built in fridge freezer, plumbing and space for washing machine, tiled
flooring, inset spotlighting and extractor to smooth plastered ceiling.

Bedroom

13'5" x 9'6"
Spacious dual aspect double bedroom with full length side aspect double glazed window and further high-level window
over bed area, built in double wardrobe with sliding doors, television point, double radiator, smooth plastered ceiling.

Bathroom

7'6" x 5'11"
With panel and closed bath with wall mounted shower over and glass shower screen, low-level WC see, rectangular wall
mounted hand wash basin, heated towel rail, tiled worktop, fitted mirror, inset spot lighting to smooth plastered ceiling.

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 £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 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.

PRE AUCTION OFFERS

Some properties may be available to buy prior to the auction.
Pre auction offers can be only submitted by completing the OFFER FORM which can be downloaded with the online legal pack - please email the COMPLETED form to – olly@hollismorgan.co.uk.
Please note offers will not be considered until you have VIEWED the property and the COMPLETE LEGAL PACK has been released.
In the event of an offer being accepted the property will only be removed from the auction and viewings stopped once contracts have successfully EXCHANGED subject to the standard auction terms and payment of the buyer’s premium ( £1,200 ) to Hollis Morgan. Contracts can be signed either via the solicitors or at the Hollis Morgan offices subject to appointment.

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
Bankers Draft
Debit Card ( NOT CREDIT CARD )

TELEPHONE AND PROXY BIDDING

If you cannot attend the auction (although we strongly advise you do) you can make a TELEPHONE or PROXY BID. This authorises the auctioneer to bid on your behalf up to a pre-set limit. Forms and relevant conditions are available to download with the online legal pack. A completed form, ID and two cheques (one for the 10% deposit and one for the Buyer's Administration Fee of £1,200) are required by the Auction Department at least two full working days before 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.

WHY HOLLIS MORGAN?

Hollis Morgan regularly hold the largest property auctions across Bristol and the West Country from our iconic Sale Room in Clifton, since we formed in 2010 we have sold the most £££'s of land and property by Public Auction in the region - EVERY YEAR!
Between 2010 and 2017 we have held 45 auctions, offering 1135 lots and raising over £225m for clients across the region
Did you know….Hollis Morgan sold more £££’s of land and property by auction than all the other Bristol Auctioneers combined in 2017 with over £49m of successful sales!

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 Bristol charity based Off the Record! as our 2018 charity of the year with 5% of each buyers premium donated to help provide free and confidential mental health support and information to young people aged 11-25 in Bristol - www.otrbristol.org.uk In 2017 we were delighted to be involved in raising £30,000 over 3 events for the “Life for a cure” Bristol based meningitis charity - www.ryanbresnahan.org Visit the Charity page of our Website for further details - https://www.hollismorgan.co.uk/charity/


Facebook Twitter Instagram LinkedIn You Tube AllAgents