SOLD FOR £180,000
A substantial 3 bedroom maisonette requiring updating, arranged over the first and second floors of a purpose built block of flats in St Pauls. The property is situated in a central location with easy access provided to the City Centre, Cabot Circus and the M32. A fantastic opportunity for Buy-To-Let investors.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 17 March 2022 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWING -
By appointment
SUMMARY -
SOLD FOR £180,000
DESCRIPTION -
A purpose- built first and second floor maisonette, situated in a central location in St Pauls which has been rented in recent years. The spacious accommodation (approx. 879 sq ft) is arranged to provide a lounge, kitchen/diner, 3 bedrooms, a family bathroom and additional W/C. The property is currently requiring updating works and would make a fantastic Buy-To-Let investment once complete.
LOCATION -
The property is situated on Burnell Drive, just off Grovesnor Road in St Pauls. Easy access is provided to the City Centre, Cabot Circus and the M32.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
MAISONETTE -
The property is accessed via a communal entrance with stairs leading to the first floor. The first floor comprises a lounge, separate kitchen/diner and a cloakroom whilst the second floor provides 3 bedrooms and a bathroom.
TENURE -
We understand the property is to be sold on the residue of a 125 year lease from 30 June 2003. Please refer to legal pack for further details.
ENERGY PERFORMANCE CERTIFICATE -
Rating: D
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.
