Cotham Hill, Cotham, Bristol BS6 6LF

Guide Price £500,000 - For Sale

  • For Sale By Public Auction
  • Thursday 10th December 2020
  • Remote Online, Proxy & Telephone Auction
  • Legal Packs via our website

REMOTE BIDDING FORM

Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

Mortgage Calculator


Property price: £

Monthly payment: £0.00


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

A fantastic mixed-use investment property comprising a ground floor shop with a spacious maisonette above that is arranged as a 6-Bedroom HMO. This high-yielding investment is fully let producing £48,500 per annum and is situated in a prime position on Cotham Hill within close proximity to Whiteladies Road and Clifton Down Shopping Centre. A rare opportunity to acquire a freehold investment in this location. ***8 WEEK COMPLETION AVAILABLE***

FOR SALE BY AUCTION -

This property is due to feature in our online auction on 10th December 2020 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWING -

By appointment

SUMMARY -

MIXED-USE INVESTMENT IN PRIME POSITION - LET AT £48,500 PER ANNUM

DESCRIPTION -

A mid-terraced mixed-use period property arranged over three storeys, situated in a prime position on Cotham Hill. The property comprises a ground floor retail unit with a substantial maisonette on the first and second floors, currently arranged as a 6-Bedroom HMO. The property is fully-let producing £48,500 per annum making this an excellent and high-yielding investment opportunity.

LOCATION -

The property is situated on Cotham Hill within close proximity to Whiteladies Road and Clifton Down Shopping Centre. This is a prominent trading position in one of Bristol's premier locations amongst a mixed-parade of shops, restaurants and bars.

ACCOMMODATION & RENTAL DETAILS -

Ground Floor Shop - Approx. 539 sq ft (50 sq m) -

The shop is arranged as a main sales area with store room and toilet facilities to the rear. We understand that the shop is let on a new 5 year lease at a passing rent of £12,500 per annum.

-

First & Second Floor Maisonette - Approx. 1,215 sq ft (113 sq m) -

The maisonette is accessed via a separate entrance to the right of the ground floor shop and is arranged to provide six bedrooms, two kitchens, a bathroom and separate shower room. We understand that each bedroom is let at £500 pcm equating to a total gross rent of £36,000 per annum.

FLOOR PLAN -

Please refer to floor plan for approximate room measurements and internal layout.

ENERGY PERFORMANCE CERTIFICATE -

Rating: E

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.

-

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.