STUNNING SEAFRONT PROPERTY ARRANGED AS TWO LARGE FLATS & A COTTAGE
A stunning and iconic period building, situated in an envious position overlooking Clevedon seafront and pier. This beautiful Grade II listed property is arranged as two large apartments and a charming rear cottage, presenting a superb investment or break-up opportunity. Alternatively, as whole freehold buildings such as this rarely come to the market, there is scope to create a superb single family residence, subject to consents. The apartments and cottage are currently fully-let producing £37,140 per annum and there is great scope to increase the rental income. Set back from the road, the property benefits from a front garden, driveway providing 3 off-street parking spaces, a beautiful courtyard garden to the rear and a roof terrace which enjoys unrivalled postcard sea views across the Bristol Channel to Wales.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 21 November 2024 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
STUNNING SEAFRONT PERIOD BUILDING ARRANGED AS TWO LARGE FLATS & A COTTAGE
DESCRIPTION -
A stunning and iconic period building, situated in an envious position overlooking Clevedon seafront and pier. This beautiful Grade II listed property is arranged as two large apartments and a charming rear cottage, presenting a superb investment or break-up opportunity. Alternatively, as whole freehold buildings such as this rarely come to the market, there is scope to create a superb single family residence, subject to consents. The apartments and cottage are currently fully-let producing £37,140 per annum and there is great scope to increase the rental income. Set back from the road, the property benefits from a front garden, driveway providing 3 off-street parking spaces, a beautiful courtyard garden to the rear and a roof terrace which enjoys unrivalled postcard sea views across the Bristol Channel to Wales.
LOCATION -
The Beach is one of the most exclusive residential addresses in the popular coastal resort town of Clevedon. Situated overlooking the promenade and only yards from the pier, easy access is also provided to the eclectic mix of independent shops, and cafes on Hill Road. Cliffside attractions such as The Poet's Walk, Marine Lake with infinity pool, Sailing Club and Salthouse Fields with miniature railway are all within walking distance.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
8A THE BEACH - Approx. 77 m² -
A well-proportioned ground floor apartment accessed via its own private entrance at the front of the building and comprising an entrance hall, living room, two double bedrooms, a kitchen and bathroom. There is also a large cellar accessible via a hatch and steps adjacent to the kitchen door.
8B THE BEACH - Approx. 116 m² -
A stunning first and second floor maisonette accessed via a private entrance at the side of the building. The first floor accommodation comprises two double bedrooms, a spacious living room, central dining area, a kitchen, bathroom and a utility room. A turned staircase leads to the second floor which provides a third double bedroom with feature window overlooking the seafront. There is also a private roof terrace, perfect for al fresco dining and taking in the sea views.
8C THE BEACH - Approx. 58 m² -
A charming 2-bedroom cottage situated to the rear of the building and comprising an entrance hall, living room, kitchen and bathroom on the ground floor with two bedrooms on the first floor. The cottage enjoys a courtyard garden to the rear of the main building.
TENANCY DETAILS -
8A THE BEACH - Currently let on an AST producing £1,100 pcm
8B THE BEACH - Currently let on an AST producing £1,050 pcm
8C THE BEACH - Currently let on an AST producing £945 pcm
POTENTIAL BREAK-UP OPPORTUNTY -
The two apartments and rear cottage could be split up and sold separately following some updating and we would anticipate the following resale values:
8A THE BEACH - £395,000
8B THE BEACH - £425,000
8C THE BEACH - £320,000
GDV: £1,140,000
TENURE -
The property is for sale on a freehold basis, subject to the ASTs above.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Ratings: 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.
