GUIDE PRICE: £65,000 - £75,000
A unique studio flat situated in a prime position on North Street in Bedminster. The property benefits from a separate kitchen and shower room and a raised mezzanine sleeping area with living accommodation below. An ideal buy to let investment with a potential rental income of circa £675 pcm once refurbished.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 17 November 2022 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
SOLD FOR £106,000 - STUDIO FLAT IN PRIME POSITION ON NORTH STREET - IDEAL BUY TO LET INVESTMENT
DESCRIPTION -
A unique studio flat situated in a prime position on North Street in Bedminster. The property benefits from a separate kitchen and shower room and a raised mezzanine sleeping area with living accommodation below. An ideal buy to let investment with a potential rental income of circa £675 pcm once refurbished.
LOCATION -
The property is situated on North Street in Bedminster and benefits from a wide range of independent shops, bars and restaurants on the doorstep. Easy access is provided to the city centre.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
STUDIO FLAT -
The property comprises of a generous studio flat with living area, mezzanine sleeping area above, a separate kitchen and shower room.
COMPLETION -
Completion for this lot will be 4 weeks from exchange of contracts or sooner by mutual agreement.
TENURE -
The property is to be sold on a leasehold basis with vacant possession, please refer to the online legal pack for further details.
ENERGY PERFORMANCE CERTIFICATE -
Rating: D
COUNCIL TAX BAND -
Band A
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 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.
