SOLD FOR £1,112,000
An attractive and imposing four storey period building in a fantastic location in Cotham. The property is arranged to provide a 2-bedroom garden flat at lower ground floor level with a 9-bedroom HMO on the ground, first and second floors. The lower ground floor garden flat is currently vacant and the 9-bedoom HMO is fully let producing £55,980 per annum. Externally, the property benefits from a driveway providing off-street parking and a 55ft south-easterly facing garden to the rear.
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 £1,112,000
DESCRIPTION -
A rare opportunity to purchase a substantial four storey period building with additional basement store, situated in a prime position on Southfield Road in Cotham. The property is arranged to provide a vacant 2-bedroom garden flat with a fully occupied 9-bedroom HMO on the three floors above. The property would benefit from some modernisation and offers scope to produce a total income in excess of £85,000 per annum. 8 WEEK COMPLETION AVAILABLE
LOCATION -
The property is situated in one of Bristol's most sought after locations on Southfield Road, just off Cotham Brow in Cotham. Easy access is provided to a wide range of local amenities on Gloucester Road and Cotham Hill. Redland train station is located less than 500m from the property.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
LOWER GROUND FLOOR FLAT -
Comprising of an entrance hall, living room with double doors onto the rear garden, a separate kitchen, two double bedrooms and a bathroom.
GROUND FLOOR -
Comprising three double rooms and a bathroom.
FIRST FLOOR -
Comprising three double rooms, a bathroom and WC.
TOP FLOOR -
Comprising three double rooms and a bathroom.
TENANCY DETAILS -
Garden Flat: Vacant (previously let at £1,200 pcm)
Room 1: £485pcm
Room 2: £515pcm
Room 3: £515pcm
Room 4: £515pcm
Room 5: £515pcm
Room 6: £475pcm
Room 7: £535pcm
Room 8: £525pcm
Room 9: £585pcm
ENERGY PERFORMANCE CERTIFICATE -
Garden Flat: Rating D
Maisonette: Rating TBC
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.
