132 Cromwell Road, St Andrews, Bristol, BS6 5EZ

Guide Price £575,000 - For Sale By Auction - LOT 8

WITHDRAWN PRIOR

  • For Sale By Public Auction
  • Thursday 7th June 2018
  • County Cricket Ground, Bishopston BS7 9EJ
  • Legal Packs via our website

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Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

SOLD PRIOR. An exciting opportunity to purchase a substantial period semi-detached property, currently arranged as an 8 bedroom HMO, let to students. The property is arranged over three storeys, offers spacious living accommodation and retains many period features. Although the property is currently let producing approx. £40,800 per annum, the current tenants have been served notice which gives potential for the property to be converted back to a substantial family house or flats, subject to consents. There is also potential to increase the rental level for continued use as an HMO. 6 WEEK COMPLETION AVAILABLE.

FOR SALE BY AUCTION -

This property is due to be auctioned on the 7th June 2018 at The Grace Room, The Bristol Pavilion, County Ground, Nevil Road, Bishopston, Bristol at 7pm.

VIEWING -

SOLD PRIOR

SUMMARY -

WITHDRAWN PRIOR

DESCRIPTION -

An attractive and substantial semi-detached house, currently arranged as an 8 bedroom HMO which is let producing approx. £40,800 per annum. The property retains many period features and offers spacious rooms with high ceilings, stripped wooden floorboards on the ground floor, 2 bathrooms and a separate shower room. Whilst the property offers an excellent rental yield for continued use as an HMO, there is also scope for conversion back to a large family home or a flat conversion, subject to obtaining the necessary planning consents.

COMPLETION -

Completion for this lot will be 6 weeks from the date of exchange of contracts (19th July 2018) or sooner by arrangement.

LOCATION -

The property is situated in a fantastic location on Cromwell Road in St Andrews with easy access provided to a wide range of shops, bars and restaurants on Gloucester Road and St Andrews Park.

ACCOMMODATION -

Please refer to floorplan for approximate room measurements and internal layout.

GROUND FLOOR -

Comprising a lounge, 2 double bedrooms, kitchen/diner, utility room and shower room.

FIRST FLOOR -

Comprising 4 double bedrooms and a bathroom.

SECOND FLOOR -

Comprising 2 further bedrooms, study and bathroom.

OUTSIDE -

The property benefits from an enclosed southwest facing courtyard garden to the rear.

TENANCY DETAILS -

The property is currently let to 8 students producing £40,800 per annum. Notice has been served and the notice period expires on 14th July 2018.

COMPLETION -

ENERGY PERFORMANCE CERTIFICATE -

Rating: E

SOLICITOR -

Ms Sue Thompson
TLT LLP
1 Redcliff Street
Bristol
BS1 6TP
Telephone: 0333 006 0291
Email: philip.collis@TLTsolicitors.com

BUYERS PREMIUM -

Please be advised that all purchasers are subject to a £750 plus VAT (£900 inc VAT) buyers premium payable upon exchange of contracts.

*GUIDE PRICE -

Guide Prices 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 Reserve Price (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.

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.

PROXY BIDDING -

If you are unable to attend the auction then you can submit a proxy bid. This will authorise a representative of Maggs & Allen to bid on your behalf up to a pre-set amount. The proxy bidding form is available to download from our website. The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and 2 cheques (one for the 10% deposit and one for the buyers premium of £900 inc VAT) is required by the auction department no later than 4pm on the day of the auction.

ATTENDING THE AUCTION -

If you are intending to bid and are successful, the following will be required:
* 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.

DEPOSIT & BUYERS PREMIUM PAYMENTS -

Forms of acceptable payment:

* Cheque
* Bankers Draft
* Debit Card Payment

For card payments:
Please ensure that you advise your bank of the potential payment prior to the auction.

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Maggs & Allen use all reasonable endeavors to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
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.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.