Flat For Updating - Gay Street, BA1

Hollis Morgan - FEBRUARY LIVE ONLINE AUCTION - A leasehold TOP FLOOR APARTMENT ( 696 Sq Ft ) in the heart of the CITY in need of BASIC UPDATING with communal GARDEN and huge POTENTIAL.

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.

ADDRESS

Flat 6, 9 Gay Street Bath, BA1 2PH

FOR SALE BY LIVE ONLINE AUCTION

SOLD @ FEBRUARY LIVE ONLINE AUCTIONGUIDE ?240,000 +++SOLD @ ?275,000Lot Number 23The Live Online Auction is on Wednesday 10th February @ 18:00Registration Deadline is on Monday 8th February @ 16:00The 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

EXTENDED COMPLETION

Completion is set for April 7th 2021The vendors cannot complete any earlier than this date.

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.

SOLICITORS

Daisy GirvinCapstick SolicitorsT: 01962 [email protected]

ONLINE LEGAL PACKS

** LEGAL PACK COMLETE **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

Occupying the top floor of this charming Grade II listed period terrace property with landscaped communal gardens to the rear.The property ( 696 Sq Ft ) comprises two double bedrooms, reception room, separate kitchen and bathroom. Sold with vacant possession. Leasehold - residue of 999 yearsFreeholder - LivewestManagement Fees - 2020 costs are ?1,620pa

LOCATION

Gay Street is situated in the very heart of Bath with The Circus, Brock Street and The Royal Crescent a stroll away. A walk down to Milsom Street and the city centre, offering an array of cultural and leisure facilities with some of the finest shops and restaurants to be found outside London. Bath Spa train station allows access to London Paddington and the M4 (Junction 18) is approximately 10 miles distant. There is an excellent range of schools in both the public and state sector. Bath is one of only three UK World Heritage Cities and this property is ideally placed to walk into Bath and enjoy all it offers including The Theatre Royal and Bath Festivals Trust, providing an eclectic programme of events over the year.

THE OPPORTUNITY

FLAT FOR BASIC UPDATINGThe property has been let for many years and would now benefit from some basic updating but would make a fine home in this highly sought after location.INVESTMENTOnce renovated the property has excellent rental prospects for both short and long terms lets.

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 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 FORMThe 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.

REGISTRATION PROCESS

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 FormStage 2 Upload your certified IDStage 3 Save your unique bidding PINStage 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.

TESTIMONIALS

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

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

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.