Lot 25

The Jacobs Well, 33 Jacobs Wells Road, Clifton, BS8 1DQ

Sold @ Auction £200,000

Bedrooms 2 Bathrooms 1 Reception 1

  • FOR SALE BY ONLINE AUCTION
  • WEDNESDAY 29TH JULY 2020
  • VIDEO TOUR
  • VIEWINGS - REFER TO DETAILS
  • DOWNLOAD ONLINE LEGAL PACKS
  • JULY 2020
  • GROUND FLOOR FLAT ( 595 Sq Ft )
  • PRIVATE ENTRANCE
  • ABILITY TO EXTRACT WATER FROM THE JACOBS WELL
  • EXTENDED 6 WEEK COMPLETION

ADDRESS

The Jacob Well, 33 Jacobs Wells Road, Bristol, BS8 1DQ

FOR SALE BY LIVE ONLINE AUCTION

*** SOLD BY LIVE ONLINE AUCTION - RECORD BREAKING JULY AUCTION - OVER £15M SOLD! ***

GUIDE £200,000
SOLD @ £200,000

Lot Number - 25
The Live Online Auction is on Wednesday 29th July at 18:00

The sale will be streamlined LIVE ONLINE and you can BID by telephone, proxy or via your computer with your unique bidding PIN.
Registration is a simple 3 step process – download the online auction buyers guide for further details
Or simply email bid@hollismorgan.co.uk

EXTENDED COMPLETION

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

VIEWINGS

Viewings can be booked on specific days for this property – please submit a viewing request online and we will contact you to arrange access.
Hollis Morgan would be grateful if you could arrive promptly to inspect the properties at the START of the agreed time as we have scheduled viewings throughout the day and CANNOT wait for late arrivals.
There are likely to be viewings on the property before and after your appointment and if you miss your slot ( usually 15 minutes or longer for larger properties ) you will be asked to wait until the next available time.
Please note government regulation on groups sizes and safe social distancing must be practiced at all times – please bring your own gloves and facemask.
You may be asked to wait outside before it is safe to enter – please understand and respect this request.
If you have shown any symptoms of Covid (19 ) in the last 10 days we would respectfully ask you to not attend the viewing.
The safety of our clients and staff is our number one priority and we thank you for your understanding.
Please note that hard copy of details will not be provided but will have been emailed to you with instructions on how to bid and what happens next before the viewing.

ONLINE LEGAL PACKS

**LEGAL PACK COMPLETE**

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

Helen Brewer
AMD Solicitors
15 The Mall, Clifton, Bristol BS8 4DS
T: 0117 974 4100
F: 0117 974 4106
helenbrewer@amdsolicitors.com
www.amdsolicitors.com

THE PROPERTY

A quirky leasehold ground floor apartment ( 595 Sq Ft ) with private entrance and open plan living space leading to two bedrooms plus bathroom.
In addition to providing accommodation the property also presents a commercial opportunity to bottle Jacobs Wells Spring water and a very rare scheduled monument - Bet tohorah at Jacob's Wells Road
Sold with vacant possession.

LOCATION

Located on the corner of Jacobs Wells Road and Constitution Hill only a short distance away from Clifton Village, The Triangle and The Harbourside with its eclectic range of shops, restaurants and cafes whilst Bristol University, The Royal Infirmary and City Centre are easily accessible.

THE OPPORTUNITY

REDUCED PRICE FOR AUCTION & BASIC RENOVATION

The property is offered with a reduced guide price for sale by auction and would benefit from some basic renovation but will make a fine home or investment in this highly sought after location.

INVESTMENT

The property was previously let for £1050 pcm
Sold with vacant possession.

JACOBS WELL SPRING - COMMERCIAL OPPORTUNITY

The property sits above the Jacobs Wells Spring.
The Vendor has successfully applied to the Environment Agency and was subsequently issued with a a licence to extract 50,000 cubic metres of spring water per annum
We understand Jacobs Wells Spring Water was previously bottled until 1979 in the famous Bristol blue glass and sold commercially.
Buyers to make their own investigations.

SECRET SCHEDULED MONUMENT - MIKVEH

Located in a hidden cave in the back bedroom - Mikveh dating from 1085 an example can be found In the Jewish Museum in London.
For further details please follow this link.
https://historicengland.org.uk/listing/the-list/list-entry/1020792

TENURE & MANAGEMENT

The Flat is sold with the benefit of a long leasehold.
The Freehold of the block ( comprising 1 other flat ) is also included in the sale.
The owner of the first floor flat is required to contribute a “reasonable proportion” towards the costs of repairing and maintaining the building and insurance.
Please refer to online legal pack

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.

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.

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 inspected the COMPLETE LEGAL PACK once it has been released.
There will be a note added to the list to confirm AUCTION PACK NOW COMPLETE when no further information is due to be added.
In the event of an offer being accepted the property will only be removed from the auction the online auction and viewings stopped once contracts have successfully EXCHANGED subject to the standard auction terms and payment of the buyer’s premium ( £1000 + VAT ) to Hollis Morgan.
Contracts will need to be exchanged promptly via the solicitors.

AUCTION FINANCE

Some properties may require specialist auction finance- please contact Hollis Morgan for access to expert advice and "whole of market" rates.

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.

CHARITY OF THE YEAR

Hollis Morgan are supporting Bristol Charity All Aboard Watersports as our 2020 Charity of the year with 5% of each Buyers premium being donated.
All Aboard Watersports strive to make it possible for everyone in the local community to join in a range of watersports and water related activities for people with physical, emotional or cognitive disabilities in the historic Bristol City Docks - www.allaboardwatersports.co.uk
In 2019 we were delighted to have raised well £10k for Bristol Zoo by supporting their Bear Wood Project at the Wild Place through events including the Hollis Morgan Opera Picnic and hosting their annual Gala Evening.
Visit the Hollis Morgan Charity page of our Website for further details - 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 hold the largest land & property auctions in the region.

Hollis Morgan sold more £££’s of Land & Property in both 2018 & 2019 than any other auctioneer in the region.
In fact, no auctioneer has sold more than Hollis Morgan since 2010 with over £289m of sales - £95m more than anyone else.
*Source EIG – Sales in BS and GL postcodes by agents based in BS or GL postcodes.

Hollis Morgan was the most successful Auctioneer in Bristol & North Somerset during 2018 – 2019 with an 87 % success rate.
*Source EIG – Sales in BS postcodes 2018 & 2019 by agents based in BS

AUCTION PROPERTY DETAILS DISCLAIMER

Hollis Morgan endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact and they do not constitute any part of an offer or contract. All Hollis Morgan references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens. The seller does not make any representation or give any warranty in relation to the property and we have no authority to do so on behalf of the seller.


Local Information

Schools Stations Healthcare
Floorplan for FLAT WITH BONUS - BS8 Floorplan for FLAT WITH BONUS - BS8