Redland Road, Redland, Bristol

Guide Price £100,000 - 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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The above is offered for indicative purposes only and should not be relied upon. Rates will vary lender to lender and subject to the customer’s specific circumstances. Fee’s may also apply.

Property Details

POSTPONED PRIOR. A well-presented studio flat on the first floor of an impressive period building on Redland Road. The property is situated in a fantastic location which provides easy access to a wide range of local amenities on Gloucester Road/Whiteladies Road as well as Redland train station. This light and bright studio benefits from a separate kitchen and shower room and use of a communal garden to the rear. An ideal opportunity for buy to let investors and first time buyers.

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 -

POSTPONED PRIOR

SUMMARY -

POSTPONED PRIOR

DESCRIPTION -

A first floor studio flat that has been well-maintained by the current owners and is now for sale with vacant possession. Situated in an attractive converted period building, the property offers an excellent investment opportunity or first time buy.

LOCATION -

The property is situated in an enviable position on Redland Road, close to the junction with Zetland Road in Redland. Ideally located for access to a wide range of shops, bars and restaurants on Gloucester Road, Whiteladies Road and Cotham Hill, easy access is also provided to the city centre and Redland train station.

ACCOMMODATION -

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

FIRST FLOOR -

Comprising a living/bedroom with additional storage cupboard, a separate kitchen and shower room.

RENTAL POTENTIAL -

We would anticipate a market rent in the region of £550 - £575 per calendar month (£6,600 - £6,900 per annum).

TENURE -

The property is to be sold on the residue of a 999 year lease. Please refer to legal pack for further details.

ENERGY PERFORMANCE CERTIFICATE -

Rating: E

SOLICITOR -

Kris Little, Taylor & Emmet LLP
Tel: 0114 218 4396
Email: kris.little@tayloremmet.co.uk

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.