Britannia Road, Kingswood, Bristol

Guide Price £300,000 - For Sale

  • For Sale By Public Auction
  • Thursday 17th September 2020
  • Remote Online, Proxy & Telephone Auction
  • Legal Packs via our website

REMOTE BIDDING FORM

Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

SOLD FOR £425,000. An exciting opportunity to purchase a substantial pair of semi-detached properties that are currently arranged to provide 4 x 1-bedroom flats with additional staff rooms and laundry facilities. The property has most recently been used by a charity for assisted/independent living and is to be sold with vacant possession. The building offers scope to create 4 larger self-contained flats by incorporating the additional staff and communal accommodation, subject to consents. A fantastic investment/development opportunity in a popular location in Kingswood.

FOR SALE BY AUCTION -

This property is due to feature in our online auction on 17th September 2020 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWING -

SOLD FOR £425,000

SUMMARY -

SOLD FOR £425,000

DESCRIPTION -

A pair of semi-detached properties arranged as 4 self-contained flats with additional staff and communal accommodation that has previously been used by a charity for independent/assisted living. The properties benefit from gardens to the side and rear and offer scope for conversion from the existing C2 use (Residential Institution) to C3 (Residential), subject to consents. The existing accommodation is in need of modernisation and also offers potential to incorporate the staff and communal accommodation to increase the number of bedrooms. An ideal opportunity for investors, developers and other assisted living providers.

LOCATION -

The property is situated on Britannia Road in Kingswood and is set back from the road. A wide range of local amenities are available on Kingswood High Street and excellent transport links are provided to the city centre and A4174 Ring Road.

ACCOMMODATION -

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

GROUND FLOOR -

Comprising of 2 x 1-bedroom flats (both with double doors leading onto the currently shared garden) with additional staff office and laundry room.

FIRST FLOOR -

Comprising of 2 x 1-bedroom flats with staff bathroom and staff office.

OUTSIDE -

The property is accessed via a pedestrian footpath via Woodside Road. There are gardens to the side and rear that are currently communal but could easily be split between the two ground floor flats.

POTENTIAL C3 GROSS DEVELOPMENT VALUE & RENTAL FIGURES -

If the property was converted into 2 x 1-bedroom flats and 2 x 2-bedroom flats we would anticipate the following sale and rental figures:
Ground Floor 2-Bed (with garden) - £175,000 (£795 pcm)
Ground Floor 2-Bed (with garden) - £175,000 (£795 pcm)
First Floor 2-Bed - £160,000 (£725 pcm)
First Floor 1-Bed - £150,000 (£700 pcm)
GDV: £660,000 (£36,180 Per Annum)

LOCAL AUTHORITY -

South Gloucestershire Council.

ENERGY PERFORMANCE CERTIFICATE -

Rating: C

SOLICITOR -

Ms C Kelleher, Wilsons Solicitors
Telephone@ 01722 427630
Email: caitlin.kelleher@wilsonsllp.com

BUYER'S PREMIUM -

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 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, TELEPHONE & ONLINE REMOTE BIDDING -

The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which 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 a cheque/bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.

PRELIMINARY DEPOSITS -

The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:

£1,000 - £50,000: £2,000
£51,000 - £150,000: £5,000
£151,000 and above: £10,000

If your bid is successful, the balance of the deposit monies and Buyer's Premium (£1,200 inc VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you.

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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.