33, Midland Road, Old Market,
Sold @ Auction £275,000
Lot No 34
FOR SALE BY AUCTION
*** SOLD PRIOR TO AUCTION ***
GUIDE £250,000 +++
SOLD @ £275,000
LOT NUMBER 34
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
Completion is set for 8 weeks or earlier subject to mutual consent.
Gilda Parade Wells Road
Whitchurch Bristol BS14 9HY
01275 835 569
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.
A Freehold mid terraced mixed use period property (1987 sq ft) arranged over four floors with small courtyard garden to rear.
Sold with vacant possession .
The property is located on Midland Road within the popular suburb of Old Market. Local amenities and services are all within close proximity including independent retailers, bars, pubs and cafes. Bristol Temple Meads railway station is within walking distance as well as the Cabot Circus retail complex.
DEVELOPMENT OPPORTUNITY - PLANNING GRANTED
Planning has been granted to convert the existing property into 2 residential units on the upper floors and retail on the ground floor.
The property is now in need of complete modernisation and is sold with vacant possession .
One Bedroom FLAT
SECOND AND THIRD FLOOR
2 Bedroom , 2 Reception Maisonette.
Scope to use as a 3 bed for rental.
Decision : GRANTED subject to condition(s)
Application no: 17/05975/F
Type of application: Full Planning
Site address: 33 Midland Road, Bristol, BS2 0JT
Description of development: Change of use from office Use Class A2 to a mixed use development with office at ground floor and 2 flats Class C3 above. Replace existing shopfront.
Applicant: Mr Devon Gardner
Agent: AFGUK Architects
Committee/delegation date: 21.03.18
Date of Notice: 21.03.18
Full details of the planning and proposed development can be downloaded with the online legal pack
Located in the ever more popular Old Market this mixed-use development would attract professional renters. Clearly in need for full modernisation there is currently potential to create a one and two or three bed properties.
The one bed property would let for £925 and if developed as a two-bed property the rent would be in region of £1200pcm. If it was a three-bed property rent would be £1500pcm.
If you have any questions or queries regarding this valuation please contact us on 0117 911 3423, 07854367689 or firstname.lastname@example.org
COMMERCIAL MARKET APPRAISAL
Local Experts Burston Cook say:
33 Midland Rd – Ground Floor Office only - £5,000 per annum
For further information please contact Charlie Kershaw MRICS
For full details of the EPC please refer to the online legal pack.
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.
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.
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 – email@example.com.
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.
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
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!
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/