This property is due to be auctioned on the 26th November 2019 at The Grace Room, The Bristol Pavilion, County Ground, Nevil Road, Bishopston, Bristol at 7pm.
DEVELOPMENT OPPORTUNITY - PLANNING FOR FLAT CONVERSION
A substantial three storey Edwardian style house in need of complete renovation. The property was previously arranged to provide four reception rooms, 6 bedrooms and 2 bathrooms and has now been stripped out ready to implement the approved planning consent for conversion to 3 large flats or potentially a 9 or 10 bedroom HMO, subject to consents.
The property is situated in the popular residential location of Filton Park on the corner of Broncksea Road and Rannoch Road. Easy access is provided to a range of local amenities on Gloucester Road North with excellent employment opportunities within easy reach including Rolls Royce, Airbus and Southmead Hospital.
Please refer to floorplan for approximate room measurements and internal layout.
Planning consent was granted for the demolition of existing lean-to and erection of single storey rear extension to facilitate conversion of existing dwelling into 3 No. Flats under application no. P19/0615/F on 5th July 2019.
Flat 1 - 2 bedroom flat with garden and parking (82.6 sq m).
Flat 2 - 2 bedroom flat with balcony and parking (62 Sq m).
Flat 3 - 1 bedroom flat plus study with parking (60 Sq m).
Flat 1 - £275,000
Flat 2 - £260,000
Flat 3 - £245,000
The property may be suitable for conversion into a 9 or 10 bedroom HMO, subject to obtaining the necessary planning consents. If consent can be obtained, following the conversion we would anticipate a potential gross rental income in the region of £60,000 - £66,000 per annum (£550 pcm per room).
Mr P Hogan, Henriques Griffiths
Tel: 0117 909 8451
Please be advised that all purchasers are subject to a £1,000 plus VAT (£1,200 inc VAT) buyer's premium payable upon exchange of contracts.
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.
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.
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 buyer's premium of £1,200 inc VAT) is required by the auction department no later than 4pm on the day of 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.
* Buyer's premium payment.
* Details of your solicitor.
Forms of acceptable payment:
* Bankers Draft
* Debit Card Payment
For card payments:
Please ensure that you advise your bank of the potential payment prior to the auction.
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.