House For Sale £340,000
For sale by auction on Wednesday, 29 Sep 2021 at 19:00
Venue: Live Stream Auction Live Stream Auction,
An established, Licensed House of Multiple Occupation in a popular central Bristol location
A fully licensed HMO offering accommodation for up to 6 people in 5 rooms. The accommodation comprises 2 self-contained studio flats and 3 bedsits sharing a shower room. The property is generally in good condition although would benefit from updating to meet current tenant expectations. A number of the neighbouring properties have had loft conversions as well as extensions to the rear at first and second floor levels due to being built into the hillside. To the rear of the property is a circa 200 ft long steeply sloping garden. The property is situated close to the Paintworks with its range of bars and restaurants whilst more comprehensive facilities can be found near by on Wells Road and Sandy Park Road. The new Bristol University Temple Quarter Enterprise Campus due for completion circa 2025 is just over a mile away as is Temple Meads Train Station.
Internal photos to follow
Accommodation
Ground Floor:
Studio 1. Recently refurbished and currently vacant.
First floor:
Bedsit 1 - let at £350 pcm, holding over from original term.
Studio 2 - let at £400 pcm, holding over from original term, licensed for 2
Second Floor:
Bedsit 2: Let at £320 pcm, holding over from original term. Potential to convert to a self-contained studio.
Bedsit 3: Let at £360 pcm, holding over from original term.
Rental potential
The property is currently significantly underlet. Whilst we are not letting agents we would expect the bedsits to be letting for in excess of £500 pcm and the studios around £600 pcm once modernised.
Viewings
Viewings will commence after the 11 July 2021. Please call register your interest.
Search Pack Fee
£360 inc vat payable on exchange of contracts.
For Sale by Live Stream Auction
on 29th August 2021. In order to take part you must complete the registration form and return it together with two forms of id. You will then be able to bid from the luxury of your own home either over the internet, by phone or by proxy. Registration for internet bids closes at 12.00 midday on 2nd August. Registration for Proxy bids closes at 12.00 midday on 4th August.
Please note the auctioneers have made their best endeavours to disclose all additional fees. Interested parties should refer to the special conditions of sale contained in the Legal Pack for any late amendments or additions to these fees as well as the auction day addendum sheet prior to bidding.
Legal Pack
A full auction legal pack can be downloaded from the Auction House Bristol website once available. For further information on the other lots in this auction please visit the website.
EPC Rating: On order
Additional Fees
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Live Stream Auction Live Stream Auction,
An established, Licensed House of Multiple Occupation in a popular central Bristol location
A fully licensed HMO offering accommodation for up to 6 people in 5 rooms. The accommodation comprises 2 self-contained studio flats and 3 bedsits sharing a shower room. The property is generally in good condition although would benefit from updating to meet current tenant expectations. A number of the neighbouring properties have had loft conversions as well as extensions to the rear at first and second floor levels due to being built into the hillside. To the rear of the property is a circa 200 ft long steeply sloping garden. The property is situated close to the Paintworks with its range of bars and restaurants whilst more comprehensive facilities can be found near by on Wells Road and Sandy Park Road. The new Bristol University Temple Quarter Enterprise Campus due for completion circa 2025 is just over a mile away as is Temple Meads Train Station.
Internal photos to follow
Accommodation
Ground Floor:
Studio 1. Recently refurbished and currently vacant.
First floor:
Bedsit 1 - let at £350 pcm, holding over from original term.
Studio 2 - let at £400 pcm, holding over from original term, licensed for 2
Second Floor:
Bedsit 2: Let at £320 pcm, holding over from original term. Potential to convert to a self-contained studio.
Bedsit 3: Let at £360 pcm, holding over from original term.
Rental potential
The property is currently significantly underlet. Whilst we are not letting agents we would expect the bedsits to be letting for in excess of £500 pcm and the studios around £600 pcm once modernised.
Viewings
Viewings will commence after the 11 July 2021. Please call register your interest.
Search Pack Fee
£360 inc vat payable on exchange of contracts.
For Sale by Live Stream Auction
on 29th August 2021. In order to take part you must complete the registration form and return it together with two forms of id. You will then be able to bid from the luxury of your own home either over the internet, by phone or by proxy. Registration for internet bids closes at 12.00 midday on 2nd August. Registration for Proxy bids closes at 12.00 midday on 4th August.
Please note the auctioneers have made their best endeavours to disclose all additional fees. Interested parties should refer to the special conditions of sale contained in the Legal Pack for any late amendments or additions to these fees as well as the auction day addendum sheet prior to bidding.
Legal Pack
A full auction legal pack can be downloaded from the Auction House Bristol website once available. For further information on the other lots in this auction please visit the website.
EPC Rating: On order
Additional Fees
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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