96, Ashley Down Road, Ashley Down,
Auction Guide Price +++ £475,000
LOT NUMBER 21
COVID UPDATE – LOCKDOWN 3.0
Following Government advice ( 05.01.21 ) the housing market will remain open during the new lockdown in England.
Hollis Morgan are open for viewings and valuations whilst adhering to the latest social distancing and PPE rules.
Please contact the auction team for any questions.
96 Ashley Down Road, Ashley Down, Bristol, BS7 9JR
FOR SALE BY LIVE ONLINE AUCTION
Lot Number 21
The Live Online Auction is on Wednesday 10th March @ 18:00
Registration Deadline is on Monday 8th March @ 16:00
The Auction will be streamed LIVE ONLINE via the Hollis Morgan website & you can chose to bid by telephone, proxy or via your computer.
Registration is a simple online process – please visit the Hollis Morgan auction website and click on the “REGISTER TO BID” button to qualify for your secure & unique bidding PIN
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.
COMPLETION - STAMP DUTY DEADLINE
Completion is set for 8 weeks or earlier subject to mutual consent.
Completion before the STAMP DUTY DEADLINE on March 31st is available upon request
Hek Jones Solicitors
104 Whitchurch Rd, Cardiff, CF14 3LY
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 corner property with accommodation ( 1315 Sq Ft ) over two floors arranged as three self contained flats with outdoor space to the rear.
The property was converted in 2007 ( 06/04560/F ) into 3 flats.
Sold subject to existing tenancies.
FLAT 1 ( 325 Sq Ft )
Ground Floor Front
Open Plan Kitchen / Living Room, Bedroom, Shower Room.
Bin area & Communal Garden to rear.
FLAT 2 ( 306 Sq Ft )
Ground Floor Rear
Open Plan Kitchen / Living Room, Bedroom, Shower Room, small courtyard garden.
FLAT 3 ( 538 Sq Ft )
Open Plan Kitchen / Living Room, Bedroom 1, Bedroom 2, Bathroom
Bin area & Communal Garden to rear.
Gas central Heating and Double Glazed Windows.
Ashley Down Road is located within the popular suburb of Ashley Down adjacent to Horfield. The property is situated close to Horfield Common, St. Andrews Park and the open green spaces of Purdown and just a short walk from bus routes and all the amenities of the vibrant Gloucester Road which offers an array of independent retailers, pubs, bars, cafes and restaurants. Bristol City Centre is approximately three miles away and is easily accessible via the area's excellent transport links.
RESIDENTIAL INVESTMENT - SCOPE FOR UPDATING & INCREASE RENTS
The property was converted into 3 flats in 2007 and has been a successful and fully occupied investment but would now benefit from some basic updating with scope to increase the rental income to circa £30,000 pa in this highly sought after location close to Gloucester road and the City Centre.
Subject to the granting of new leases there is scope for sale of the individual units.
Scope to convert the attic space to provide additional accommodation.
Subject to gaining the necessary consents.
CONVERSION TO HMO
There is potential to convert the property into a 6 - 8 bedroom student HMO.
Subject to gaining the necessary consents.
CURRENT INCOME SCHEDULE
FLAT 1 - Let for £720 pcm on a 12 month AST from 25th Feb 2021
FLAT 2 - Let for £750 pcm on a rolling AST
FLAT 3 - Let for £900 pcm on a 12 month AST from 16th March 2021
TOTAL £2,370 pcm / £28,440 pa
The flats are let on AST contracts - please refer to legal pack for copies.
Fantastic sought after location for professional occupants, situated just a five minute stroll from the popular Gloucester Road offering plenty of amenities and regular bus links travelling both in to the City centre and up to Filton’s large employers.
Upon the three flats being refreshed and refurbished in places, they can expect to achieve the following; Flat 1 - £750-£795 pcm, Flat 2 - £750-£795 pcm, Flat 3 - £950-£1000 pcm.
THE LETTING GAME
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 vendors are willing to consider offers prior to the auction.
Pre auction offers can be ONLY be submitted by completing the online PRE AUCTION OFFER FORM
The form can be found on the Hollis Morgan website on the individual auction property listings – look for the big red button .
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 our clients solicitor informs us no further information is due to be added.
In the event of an offer being accepted the property will only be removed from 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 can be exchanged via the solicitors or at the Hollis Morgan offices by appointment only.
The registration process is extremely simple – visit the Hollis Morgan auction website and click on the “Register to Bid” button.
The “Register to Bid” button can be found on the auction home page or on the individual lot listings.
Please note this function is not available on Rightmove or Zoopla.
Stage 1 – Complete the Online Bidding Form
Stage 2 – Upload your certified ID
Stage 3 – Save your unique bidding PIN
Stage 4 – Pay your security deposit ( £6,200 )
You are now ready to bid – Good luck!
If your bid is successful, the balance of the deposit monies must be transferred to our client account within 24 hours of the auction sale.
If you are unsuccessful at the auction your holding deposit will be returned within 48 hours.
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.
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.
2021 CHARITY OF THE YEAR
Hollis Morgan are supporting Bristol Charity 1625 Independent People as our 2021 Charity of the year with a % of each Buyers premium being donated.
1625 Independent People (1625ip) is a charity that works with young people who are homeless, leaving care or at risk of homelessness in Bristol and the South West.
Visit the Hollis Morgan Charity page of our Website for further details - www.hollismorgan.co.uk/charity
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.