Gloucester Road, Bishopston, Bristol

Guide Price £130,000 - For Sale

  • For Sale By Public Auction
  • Thursday 25th March 2021
  • 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

A self-contained one-bedroom garden flat with an enclosed private courtyard situated just off the west side of Gloucester Road in Bishopston. The property benefits form its own entrance accessed from Hatherley Road and would make an ideal buy to let investment. The flat is situated in a highly convenient location with a wide range of shops, restaurants and cafes on the doorstep.

FOR SALE BY AUCTION -

This property is due to feature in our online auction on 25th March 2021 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWING -

By appointment

SUMMARY -

ONE BEDROOM GARDEN FLAT - IDEAL BUY TO LET INVESTMENT

DESCRIPTION -

A superb one-bedroom garden flat situated in a popular residential location just off Gloucester Road. The property is accessed via a private gate from Hatherley Road which leads into a completely private and secluded courtyard garden. There is a lounge/dining room with kitchen area that overlooks the garden plus a double bedroom and bathroom. The flat is currently let at £500pcm, which we feel is well below market level. We would anticipate a market rent in the region of £750pcm.

LOCATION -

The property is situated in the lower ground floor of 170 Gloucester Road and is accessed via a private entrance on the right hand side as you turn into Hatherley Road. Excellent transport links are provided to Bristol City Centre and a wide range of local amenities are available on Gloucester Road.

ACCOMMODATION -

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

GARDEN FLAT -

Comprising an open-plan kitchen/living/dining room with separate double bedroom and en-suite bathroom.

TENURE -

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

TENANCY DETAILS -

The property is currently let on an Assured Shorthold Tenancy agreement at a rent of £500pcm.

ENERGY PERFORMANCE CERTIFICATE -

Rating: TBC

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.