An attractive and substantial Grade II listed period building that is currently arranged as a 7-bedroom HMO. The property is currently fully let producing circa £49,980 per annum (below market level) and the property offers scope to increase the number of bedrooms and increase the rental income significantly, subject to consents. The property includes an unconverted cellar that may offer further potential and a delightful south-east facing walled rear garden. Situated in a fantastic central location overlooking Brandon Hill, the property is ideal for continued use as an HMO but also offers long-term potential for conversion into flats or a superb family home.
EXTENDED 8-WEEK COMPLETION AVAILABLE
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.
VIEWING -
By appointment.
SUMMARY -
SOLD FOR £800,000
SUBSTANTIAL FIVE STOREY GRADE II LISTED HMO OVERLOOKING BRANDON HILL
DESCRIPTION -
An attractive and substantial Grade II listed period building that is currently arranged as a 7-bedroom HMO. The property is currently fully let producing circa £49,980 per annum (below market level) and the property offers scope to increase the number of bedrooms and increase the rental income significantly, subject to consents. The property includes an unconverted cellar that may offer further potential and a delightful south-east facing walled rear garden. Situated in a fantastic central location overlooking Brandon Hill, the property is ideal for continued use as an HMO but also offers long-term potential for conversion into flats or a superb family home.
EXTENDED 8-WEEK COMPLETION AVAILABLE
LOCATION -
The property is situated in a superb and central location on Queens Parade, opposite Brandon Hill in Bristol City Centre. Easy access is provided to a wide range of amenities within the city as well as the Harbourside, Bristol Marina and Wapping Wharf with its eclectic mix of bars and restaurants.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
The property is arranged to provide a kitchen/diner, utility room and double bedroom on the basement level with a living room and two bedrooms on the ground floor. The first floor provides two further bedrooms and a bathroom whilst the second floor comprises of a further bedroom, a kitchen/diner and bathroom. The top floor comprises of two further bedrooms and a store room. In addition, there is a large unconverted cellar arranged as two large rooms with vaulted ceilings and access onto the rear garden.
OUTSIDE -
The property benefits from a good-sized south-easterly facing walled garden to the rear.
RENTAL DETAILS -
The property is currently let to 7 separate tenants on Assured Shorthold Tenancy agreements as follows:
Room 1: £565 pcm
Rooms 2 & 3 (combined): £750 pcm
Room 4: £530 pcm
Room 5: £560 pcm
Room 6: £560 pcm
Room 7: £650 pcm
Room 8: £550 pcm
TOTAL: £49,980 Per Annum
TENURE -
The property is to be sold on a freehold basis, subject to the existing tenancy agreements.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: E
COUNCIL TAX BAND -
Band F.
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.
