Flat 5, 401, Bath Road, Arnos Vale, Bristol, BS4 3EZ

Auction Guide £85,000 - For Sale

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  • For Sale By Public Auction
  • Thursday 30th June 2022
  • Remote Online, Proxy & Telephone Auction
  • Legal Packs via our website

A one-bedroom flat situated on the top floor of a Victorian terraced building in Arnos Vale. The property has been tenanted in recent years and would now benefit from some updating. Ideally located for easy access to the city centre, Bristol Temple Meads train station and the nearby creative hub of Paintworks, the property would make an ideal buy to let investment with a potential rental income in the region of £750 pcm.

FOR SALE BY AUCTION -

This property is due to feature in our online auction on 30 June 2022 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWINGS -

Strictly by Appointment with Maggs and Allen.

SUMMARY -

30 JUNE AUCTION - TOP FLOOR ONE-BEDROOM FLAT - IDEAL BUY TO LET OR FIRST TIME BUY

DESCRIPTION -

A top floor one-bedroom flat in need of some updating, situated in a highly convenient location on the Bath Road. This self-contained flat benefits from an open-plan kitchen/living room and a double bedroom and would make an ideal buy to let investment (potential rental income of circa £750 pcm) or first time buy.

LOCATION -

The property is situated in a prominent position on the A4 Bath Road, just 300m from Paintworks Creative Hub. Excellent transport links are provided to Bristol City Centre and Bristol Temple Meads train station whilst a wide range of local amenities are available on the nearby Sandy Park Road.

ACCOMMODATION -

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

TOP FLOOR FLAT -

The property is accessed via a communal entrance on the ground floor. The entrance to the flat is on the first floor, stairs lead up to a half landing where there is a shower room with WC, wash hand basin and shower cubicle. Proceeding up to the top floor, an open-plan kitchen/living room spans the full width of the building to the front and there is a double bedroom with built in storage cupboards to the rear.

RENTAL POTENTIAL -

We would anticipate a market rent in the region of £750 pcm (£9,000 per annum) once the flat has been modernised.

TENURE -

We understand the property is to be sold on the residue of a 999 year lease. Please refer to the online legal pack for confirmation.

ENERGY PERFORMANCE CERTIFICATE -

Rating: E

BUYER'S PREMIUM -

Please be advised that all purchasers are subject to a £1,200 plus VAT (£1,440 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 (£1,440 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.

Floorplan for Bath Road, Arnos Vale, Bristol