SOLD FOR £62,000
An extremely rare opportunity to purchase a double length, detached tandem garage, situated in a fantastic residential location in Cotham. Ideal for parking and/or secure storage, the property also includes a narrow strip of land to the side, which may present an opportunity to demolish the existing garage and replace with a larger garage/store, subject to consents.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 17th March 2022 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
SOLD FOR £62,000
A substantial double length garage with up and over door and a pitched roof fronting Gibson Road in Cotham. The garage would be ideal for parking and/or secure storage and also includes a narrow strip of land to the side, which may present scope to demolish the existing garage and replace with a larger garage/store, subject to consents.
The garage is situated in a prime residential location to the rear of 24 Arley Hill and fronting Gibson Road in Cotham. Parking is at a premium in this location and easy access is provided to the city centre via Cheltenham Road. Easy access is provided to Redland train station and a wide range of local amenities on Gloucester Road.
GARAGE DIMENSIONS -
Depth: 31'6" (9.6 m)
Width: 7'10" (2.4m)
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.
LOCAL AUTHORITY -
Bristol City Council.
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.
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.