A substantial corner property, situated in a sought-after location in Easton with full planning consent granted for conversion into three self-contained dwellings (2 x 1-bedroom flats and a generous 2-bedroom maisonette). There is further scope to create an additional self-contained flat on the top floor with the addition of a larger dormer along with potential for an additional storey on the rear flat, subject to consents A superb opportunity for builders and developers to create an exclusive development of new apartments.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 15 February 2024 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
SOLD FOR £308,000 - SUBSTANTIAL CORNER PROPERTY - PLANNING GRANTED FOR CONVERSION TO 3 NEW APARTMENTS
DESCRIPTION -
A substantial corner property, previously arranged as an HMO with a large garage/workshop to the rear. Full planning consent has been granted for conversion into three self-contained dwellings (2 x 1-bedroom flats and a generous 2-bedroom maisonette) and there is further scope to create an additional self-contained flat on the top floor with the addition of a larger dormer along with potential for an additional storey on the rear flat, subject to consents
LOCATION -
The property is situated on the corner of Roman Road and Anstey Street in the heart of Easton. A wide range of local shops and restaurants are available on the popular St Marks Road, Bristol Hawks Gymnastics Club is directly opposite and excellent transport links are provided to the city centre.
PLANNING -
Full planning consent was granted on 15 June 2022 for the partial demolition and redevelopment of the site to facilitate a change of use from HMO to C3 dwellings (3 apartments) under Application No. 21/06508/F.
PROPOSED SCHEDULE OF ACCOMMODATION -
Flat 1 (41,5 m²) - Ground floor 1-bedroom flat.
Flat 2 (90 m²) - First and second floor 2-bedroom duplex apartment.
Flat 3 (39 m²) - Ground floor rear 1-bedroom flat.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: E
TENURE -
Understood to be freehold. Please refer to the online legal pack for confirmation.
AUCTION OR BRIDGING FINANCE REQUIRED? -
Do you need a mortgage or loan quickly? Maggs & Allen have specialist Independent Brokers who can arrange residential and commercial finance on all types of property. Contact the Auction Team today to be put through to our mortgage and loan experts on 0117 9734940 or email admin@maggsandallen.co.uk
BUYER'S PREMIUM -
Please be advised that all purchasers are subject to a £1,250 plus VAT (£1,500 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 (£1,500 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.
LETTING - WHAT CAN MAGGS & ALLEN ACHIEVE FOR YOU? -
Maggs & Allen's experienced letting team are happy to discuss the rental of this property and can advise on maximising the investment. We offer Full Management, Let Only and Rent Collection Services. Contact Jessica Archer and her team on 0117 9499000 or email lettings@maggsandallen.co.uk.
RENTAL ESTIMATES -
All rental estimates are provided in good faith. They should be verified by your own professional advisors prior to a commitment to purchase.
