FIVE-BEDROOM STUDENT LET INVESTMENT
A substantial five-bedroom maisonette occupying the top two floors of this impressive period building, situated in the heart of Clifton. The property is let to students producing £47,700 per annum for the current academic year (2024/2025). A superb and high yielding rental investment, ideally positioned within close proximity to Pembroke Road, Whiteladies Road, Bristol University and Clifton Village.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 19 September 2024 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
FIVE-BEDROOM STUDENT LET INVESTMENT PRODUCING £47,700 PA
DESCRIPTION -
A substantial five-bedroom maisonette occupying the top two floors of this impressive period building, situated in the heart of Clifton. The property is let to students producing £47,700 per annum for the current academic year (2024/2025). A superb and high yielding rental investment, ideally positioned within close proximity to Pembroke Road, Whiteladies Road, Bristol University and Clifton Village.
LOCATION -
Hanbury Road sits between Pembroke Road and Alma Road in the heart of Clifton. This sought after road is highly convenient for Bristol University, the Students Union, Clifton Triangle and Whiteladies Road. Clifton Village is within easy walking distance with its wide range of shops, restaurants and bars whilst Clifton Down train station is also nearby.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
MAISONETTE -
The first floor comprises an entrance hall, kitchen/diner, living Room, bathroom and two double bedrooms. A central staircase leads to the second floor which provides three further double bedrooms and a generous landing.
TENANCY DETAILS -
The property is let to students on an AST until 27 June 2025 at a rent of £47,700 per annum. Please refer to the online legal pack for a copy of the tenancy agreement.
TENURE -
The property is for sale on the residue of a 999 year lease. Further information can be found in the legal pack.
COMPLETION -
Completion for this lot will be on 29th October 2024 or sooner by mutual agreement.
HMO LICENSING & PLANNING -
HMO licensing regulations and planning requirements are subject to regular changes, updates and even individual interpretations by the Local Authority. Prospective buyers are therefore required to make their own enquiries with the Local Authority and review the documents contained in the auction legal pack fully to satisfy themselves that the property is compliant in this respect. Maggs & Allen accept no liability in the event that any Licensing or Planning requirements/documents are not in order at the point of sale.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: C
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.
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 £1,500 plus VAT (£1,800 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 - £150,000: £5,000
£151,000 and above: £10,000
If you bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,800 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 within 5 working days.
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.
