28-32, New Station Road, Fishponds, Bristol, BS16 3RS

£506,000 - Sold at Auction

  • Guide Price: £375,000+
  • April 2022 Auction
  • Freehold block of flats
  • Development potential

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SOLD FOR £506,000
A substantial period building situated on New Station Road, within close proximity to Fishponds Road. The property comprises 2 x 1-bedroom flats, 2 x 2-bedroom flats and a store room that was previously a studio flat. The property is currently producing £37,380 per annum however there is potential to increase the income by reinstating the previous ground floor studio and completing refurbishment works to the first floor. A fantastic opportunity for buy-to-let investors.

FOR SALE BY AUCTION -

This property is due to feature in our online auction on 26 April 2022 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWING -

By appointment

SUMMARY -

SOLD FOR £506,000

DESCRIPTION -

A substantial period building in a fantastic location in Fishponds that currently consists of 4 flats ( 2x 2-beds and 2x 1-beds) with potential to create a further studio flat by converting the ground floor store-room, subject to consents. The flats are currently let producing £37,380 per annum. The property offers scope to increase the income if the store room is reinstated as a studio flat and the first floor flat is refurbished. An excellent high-yielding opportunity for buy-to-let investors and developers looking to add value.

LOCATION -

The property is situated in a highly convenient residential location on New Station Road within close proximity to Fishponds Road. There is benefit from a wealth of amenities and transport links locally.

ACCOMMODATION -

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

STORE (GROUND FLOOR) -

Comprising a currently shared store room and WC.

FLAT 1 (GROUND FLOOR) -

Comprising a kitchen, lounge/diner and bedroom with en-suite.
Currently let at £695PCM.

FLAT 2 (GROUND FLOOR) -

Comprising a kitchen, lounge/diner and bedroom with en-suite.
Currently let at £695PCM.

FLAT 3 (FIRST FLOOR FLAT) -

Comprising a kitchen, family bathroom, lounge/diner and two bedrooms.
Currently let at £825PCM.

FLAT 4 (SECOND FLOOR FLAT) -

Comprising a kitchen, family bathroom, lounge/diner and two bedrooms.
Currently let at £900PCM.

ENERGY PERFORMANCE CERTIFICATE -

Rating:
Flats 1, 2 & 3: D
Flat 4: 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 DEPOSIT -

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 New Station Road, Fishponds, Bristol