Lot 40

2, 2A, 3A, Dag Hole Cottages Dag Hole, Cheddar, BS27 3QJ

Sold @ Auction £145,000

Bedrooms 4 Bathrooms 2 Reception 2

  • FOR SALE BY PUBLIC AUCTION
  • WEDNESDAY 28TH NOVEMBER
  • ALL SAINTS CHURCH, CLIFTON, BS8 2HY
  • WEEKLY SET VIEWINGS
  • DOWNLOAD ONLINE LEGAL PACKS
  • NOVEMBER 2018
  • CENTRAL CHEDDAR LOCATION
  • VACANT RETAIL UNIT
  • SELF CONTAINED 1 BED FLAT
  • SCOPE SPLIT 2 HOUSES ( STP )

FOR SALE BY AUCTION

*** SOLD @ HOLLIS MORGAN NOVEMBER AUCTION ***

GUIDE £145,0000 +++
SOLD @ £145,000

LOT NUMBER 40
Wednesday 28th November 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 8 weeks or earlier subject to mutual consent.

SOLICITORS

Catherine Ainley
Meade King Solicitors
Springfield House
45 Welsh Back, Bristol, BS1 4AG
Tel: 0117 926 4121
email: caa@meadeking.co.uk

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 Freehold mixed use property arranged over two floors in a sought after location in this Historic town
Sold with vacant possession

RETAIL UNIT

The unit will be sold with vacant possession but has successfully traded as the Cheddar Sweet Kitchen for many years and could continue to do so.
The enviable trading position benefits from excellent passing trade in the peak months.
We understand previously the business rates were in the region of £2,600 per annum. Small business relief is available (100% relief was given to Cheddar Sweet Kitchen)

FLAT

Self contained one bedroom flat in good order with private access at the rear of the building.

LOCATION

The property occupies a prominent position within the popular village of Cheddar. Local amenities and services are all within close proximity including independent retailers, public houses and convenience stores. Bristol City Centre is approximately 20 miles away.

THE OPPORTUNITY

RESI DEVELOPMENT

Scope to convert the existing building into 2 houses ( Subject to consents )
The vendors have approached the local authority with a pre app

PRE APP RESPONSE

Accordingly any application to charge the use of these properties to residential use would need to be supported by evidence (e.g. appropriate marketing) to show that there is no on-going demand for their continued commercial use and that the use of this commercial opportunity would not be detrimental to the vitality and viability of the commercial area.
Assuming this is accepted I do not think that there would be a further objection to the creation of 2 dwellings provided some amenity space can be provided for future occupiers. I note your point about parking - as this has accepted elsewhere in the Gorge I do not think it would be reasonable to object on the basis of a lack of parking.

ANCILLARY SPACE

Additional vacant space on the first floor that has scope ( subject to consents ) to convert into an additional studio flat or to extend the existing one bedroom flat to create extra space.

MIXED USE INVESTMENT

The property could continue in its current guise as a mixed use investment.

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.

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.

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.

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.

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.

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.

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.

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/

TESTIMONIALS

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

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!


Local Information

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Floorplan for RESI DEVELOPMENT OPPORTUNITY - CHEDDAR Floorplan for RESI DEVELOPMENT OPPORTUNITY - CHEDDAR