Freehold Block Of Flats, BS5

Hollis Morgan FEBRUARY AUCTION - A Freehold SEMI DETACHED HOUSE ( 1116 Sq Ft ) arranged as 3 SELF CONTAINED FLATS producing an income of ?18.9k pa

ADDRESS

291, Stapleton Road, Easton, BS5 0NH

FOR SALE BY AUCTION

*** SOLD @ HOLLIS MORGAN RECORD BREAKING FEBRUARY AUCTION ***GUIDE ?240,000 +++SOLD @ ?272,000LOT NUMBER 17Tuesday 25th February 2020All Saints Church Pembroke Road, Clifton, Bristol BS8 2HY Legal Pack Room and Registration will be open from 18:15 The sale will begin promptly at 19:00

EXTENDED COMPLETION

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

SOLICITORS

Tom Bowering WardsOffices: BristolTel: 0117 9292811Email: [email protected]

ONLINE LEGAL PACKS

**LEGAL PACK NOW 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.

THE PROPERTY

A large semi-detached property ( 1116 Sq Ft ) set back from the road and arranged as three self contained one bedroom apartments.Sold subject to existing tenancies.

LOCATION

Stapleton Road is situated in the cultural suburb of Easton and offers a wide variety of independent local traders and convenience stores. Bristol City Centre is approximately two miles away whilst the nearby M32 motorway network offers a fast route out of the City.

THE OPPORTUNITY

Excellent long term investment in this popular area or possible conversion back into a family home.

CURRENT INCOME

All flats are let on AST contracts - copies available with the online legal packFLAT A - ?525 pcm ( Commenced 2nd March 2019 )FLAT B - ?550 pcm ( Commenced 24th January 2020 )FLAT C - ?500 pcm ( Commenced 25th June 2019 ) Total - ?1575 pcm / ?18,900

ACCOMMODATION

FLAT A ( GARDEN FLAT ) - Open plan lounge / kitchen - Double bedroom- Bathroom FLAT B ( HALL FLOOR ) - Open plan lounge / kitchen - Double bedroom- BathroomFLAT C ( TOP FLOOR ) - Open plan lounge / kitchen - Double bedroom- Bathroom

EPC

For full details of the EPC please refer to 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.

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 only be submitted by completing the OFFER FORM which can be downloaded with the online legal pack - please email the COMPLETED form to [email protected]. 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.You will need to register to bid registration will be open from 18:15Forms can be downloaded and completed beforehand ( found in the legal pack ) or collected at the auction venue.

PAYING THE DEPOSIT & BUYERS PREMIUM

We can only accept the following at the auction:Personal or Company ChequeBankers DraftDebit 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.

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 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