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.
SUBSTANTIAL 3-BEDROOM MAISONETTE (APPROX. 1,100 SQ FT) WITH PRIVATE GARDEN FOR RENOVATION
A rare opportunity to purchase a substantial 3-bedroom maisonette with a private rear garden and front courtyard, situated in a fantastic central location in Kingsdown. The property occupies the ground and basement levels of this imposing Grade II listed Georgian townhouse which comprises three other self-contained flats on the upper floors. The property is in need of renovation throughout and presents excellent scope for developers and private buyers to add value.
The property is situated on Kingsdown Parade in Kingsdown and provides easy access to Bristol City Centre, Bristol Royal Infirmary and a wide range of local amenities in Kingsdown, Cotham and Stokes Croft.
Please refer to floorplan for approximate room measurements and internal layout.
Accessed via a communal hallway, the ground floor comprises a spacious living room with high ceilings and sash windows to the front, a large kitchen/diner, the third bedroom and stairs down to the basement level.
Comprising two spacious double bedrooms and a bathroom with access onto the rear garden.
To the rear of the property is a private 45 ft south-east facing garden laid partly to patio. There is also a courtyard and two former coal cellars to the front of the property with access via a door below the main entrance to the building.
The property is to be sold on the residue of a 999 year lease. The ground and basement level maisonette is responsible for 40% of any works required to the building and is currently responsible for paying a service charge of £100 per calendar month.
We understand that works are due to be carried out shortly to the roof and the rear elevation of the building is to be re-painted, the cost of these works will be split between the four flats. The share payable for the ground and basement maisonette will be covered through a combination of funds already held in the management company sinking fund and the remainder being paid by the current owner.
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 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.
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.
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.
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.