This property is due to feature in our online auction on 4th May 2021 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
BEAUTIFULLY PRESENTED 5-BED HMO - POTENTIAL RENT £33,300PA
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 mostly let to professionals working at the Ministry of Defence and UWE, producing an annual rent of £27,300 per annum. Once fully occupied we would expect a total annual rent of £33,300. 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.
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.
Please refer to floor plan for approximate room measurements and internal layout.
Comprising an entrance hall, open-plan kitchen/dining/living room, two bedrooms, two shower rooms and a utility room.
Comprising of three further bedrooms (one with en suite), a bathroom and study.
The property benefits from a good-sized garden laid mostly to lawn and a gravel driveway providing off-street parking for several vehicles.
The property will shortly be fully-let producing the following rental income:
Room 1: £650 pcm / Room 2: £500 pcm / Room 3: Vacant (marketed at £500pcm)
Room 5: £650 / Room 6: £475 pcm
Total Rent: £27,300 Per Annum (£33,300 once fully occupied)
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.