GUIDE PRICE £20,000-£30,000. A level parcel of land measuring approximately 0.18 acres, situated to the rear of the terraced houses on Hill Avenue, Park Avenue and St John’s Lane. The site includes three lock-up garages, which form part of the sale and is also partially occupied by a detached substation building, ownership of which and rights of access to will be retained by National Grid. The site offers potential for a variety of different uses, subject to consents.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 21st March 2024 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
SOLD FOR £90,000 - PARCEL OF LAND (APPROX. 0.18 ACRES) WITH POTENTIAL
DESCRIPTION -
A level parcel of land measuring approximately 0.18 acres, situated to the rear of the terraced houses on Hill Avenue, Park Avenue and St John’s Lane. The site includes three lock-up garages, which form part of the sale and is also partially occupied by a detached substation building, ownership of which and rights of access to will be retained by National Grid. The site offers potential for a variety of different uses, subject to consents.
LOCATION -
The site is situated to the rear of the houses on Hill Avenue, St Johns Lane and Park Avenue within close proximity to Victoria Park. Access to the site is via a gated single track lane off Hill Avenue.
LOCAL AUTHORITY -
Bristol City Council.
RETENTION OF SUBSTATION BUILDING & ACCESS RIGHTS -
the site is partially occupied by a detached substation inside a brick built building shown coloured blue on the site plan, ownership of which will be retained by NGED (National Grid Electricity Distribution). Rights of access to lay, replace, inspect and maintain underground cables which fall in the area shown coloured green on the site plan along with a right to enter the land in order to maintain the substation building will also by retained by NGED. Please refer to the legal pack for further details.
COMPLETION -
Completion for this lot will be 6 weeks from exchange of contracts or sooner by mutual agreement.
TENURE -
The site is for sale on a freehold basis.
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.
