Development Site, 22 - 24, Rossall Avenue, Little Stoke, BS34 6JT
Auction Guide Price +++ £285,000
Lot No 15


FOR SALE BY AUCTION

NEW GUIDE PRICE £285,000 +++
OWNER IS ACTIVELY SEEKING PRE AUCTION OFFERS

LOT NUMBER 15
Wednesday 26th September 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

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.
You will be emailed a note to confirm the AUCTION PACK NOW COMPLETE and then offers can be submitted.
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.

EXTENDED COMPLETION

Completion is set for 8 weeks or earlier subject to mutual consent.

VIEWINGS

External viewing of site only

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.

SOLICITORS

Naomi O'Brien
Barcan Kirby Solicitors
n.o'brien@barcankirby.co.uk
Barcan+Kirby Solicitors
199a Whiteladies Road, Bristol, BS8 2SB
0117 322 4175

THE PROPERTY

A Freehold opportunity to acquire a pair of semi detached three bedroom houses ( 1893 Sq Ft ) set on a large plot with gardens to front and rear.

LOCATION

Rossall Avanue is located within the popular suburb of Little Stoke.
The University of The West of England is less than two miles away. Bristol City Centre is approximately five miles away
Large employers such as MOD, Southmead Hospital, BAE Systems and Rolls Royce are close by and it is a short walk to Filton Abbey Wood Train Station whilst Gloucester Road North has a regular bus service to the City Centre.

THE OPPORTUNITY

PLANNING GRANTED

Planning has been granted ( PP-06264278 ) to demolish the existing semi detached properties and create a terrace of 4 new buildings with parking and gardens.

UNIT 1 ( 4 Bed )
Ground Floor - Entrance Hall, Kitchen, WC, Living Space with Bi fold doors to Garden.
First Floor – Bedroom 3, Bedroom 4, Family Bathroom
Second Floor – Bedroom 1, En suite, Bedroom 2

UNIT 2 ( 2 Bed )
Ground Floor - Entrance Hall, Kitchen, WC, Living Space with Bi fold doors to Garden.
First Floor – Bedroom 1, Bedroom 2, Family Bathroom

UNIT 3 ( 2 Bed )
Ground Floor - Entrance Hall, Kitchen, WC, Living Space with Bi fold doors to Garden.
First Floor – Bedroom 1, Bedroom 2, Family Bathroom

UNIT 4 ( 4 Bed )
Ground Floor - Entrance Hall, Kitchen, WC, Living Space with Bi fold doors to Garden.
First Floor – Bedroom 3, Bedroom 4, Family Bathroom
Second Floor – Bedroom 1, En suite, Bedroom 2

DEVELOPMENT OF EXISTING

Both properties are of non traditional concrete construction and require modernisation.

INVESTMENT

There is huge demand for both professional and student rental accommodation in these areas with UWE and major employers such as Rolls Royce close by.

RENTAL APPRAISAL

About this property:
There is a very strong demand for family homes in this area of Bristol at present. Once developed we would expect to achieve a rental income of £1395 on the 4 bedroom houses and £995 on the 2 bedroom houses.

Next steps:
If you would like further information on our services or on this or any other property please contact us at our Bristol office on 01179 55 18 17 or via email at enquiries@piperproperty.co.uk. Alternatively please visit our website www.piperproperty.co.uk for information on our office locations, services and to find out how we do things differently.

PROPOSED GDV ( NEW BUILD )

We are informed that our client has had local estate agents value the resale prices as follows;

4 BED HOUSES
£325,000 - £365,000

2 BED HOUSE
£250,000 - £ 265,000

TOTAL
£1.15M - £1.26M

PLANNING GRANTED

ReferencePT17/3853/F
Alternative ReferencePP-06264278
Application ReceivedTue 15 Aug 2017
Application ValidatedTue 15 Aug 2017
Address22 Rossall Avenue Little Stoke Bristol South Gloucestershire BS34 6JT
ProposalDemolition of 2no. existing dwellings and erection of 4no. dwellings with access, parking and associated works.
StatusDecided
DecisionApprove with Conditions
Decision Issued DateFri 02 Mar 2018
Appeal StatusUnknown
Appeal DecisionNot Available

PLANNING INFORMATION

Full details of the plans, decision notices and proposals can be downloaded with 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.

EPC

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

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.

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.

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.

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 )

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 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/


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