Stanley Cottages, Stoke Gifford, Bristol

Guide Price £460,000 - For Sale

  • For Sale By Public Auction
  • Tuesday 3rd November 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

An immaculately presented and substantial semi-detached house that is arranged as a fully licensed 5-bedroom HMO. The property is fully let to professionals producing £33,300 per annum offering investors a fantastic rental yield. Following a full high-specification refurbishment in 2019, the interior has been tastefully designed to combine a wealth of period features with modern finished. The property is ideally located to attract renters working at the Ministry of Defence and UWE. ***8 WEEK COMPLETION AVAILABLE***

FOR SALE BY AUCTION -

This property is due to feature in our online auction on 3rd November 2020 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWING -

By appointment

SUMMARY -

BEAUTIFULLY PRESENTED 5-BEDROOM HMO - LET AT £33,300 PER ANNUM

DESCRIPTION -

An attractive period semi-detached house that has been recently refurbished to a high standard and is now operating as a fully licensed 5-bedroom HMO. The property has been tastefully finished and is fully let to professionals working at the Ministry of Defence and UWE, producing an annual rent of £33,300 per annum. There may also be scope to create a 6th bedroom and further increase the rental income. Further benefits include a good-sized garden and off-street parking for several vehicles.

LOCATION -

The property is conveniently located on the fringes of the modern Cheswick Village development (Redrow and Taylor Wimpey). Filton Abbey Wood station can be accessed on foot in approx. 8 minutes and there are trains every 15 minutes to Bristol Temple Meads. The Ministry of Defence and UWE are easily accessible on foot or via the nearby cycle paths and excellent transport links are provided to the M32. Access to the property is via a private road off Bonnington Walk. From Bonnington Walk heading East, turn left into the entrance to Lockleaze Sports Centre, follow the road past the sports centre for approximately 300m and the house can be found on your right hand side.

ACCOMMODATION -

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

GROUND FLOOR -

Comprising an entrance hall, open-plan kitchen/dining/living room, two bedrooms, two shower rooms and a utility room.

FIRST FLOOR -

Comprising of three further bedrooms (one with en suite), a bathroom and study.

OUTSIDE -

The property benefits from a good-sized garden laid mostly to lawn and a gravel driveway providing off-street parking for several vehicles.

TENANCY DETAILS -

The property will shortly be fully-let producing the following rental income:
Room 1: £650 pcm / Room 2: £500 pcm / Room 3: £500 pcm
Room 4: £475 pcm / Room 5: £650 pcm
Total Rent: £33,300 Per Annum

ENERGY PERFORMANCE CERTIFICATE -

Rating: F

SOLICITOR -

Andy Price, Bright Solicitors
Tel: 01752 388900
Email: info@brightllp.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 endeavours 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.