Auction Guide Price: £50,000 - £60,000
A double garage with two up-and-over doors, located within a rank of garages on Kensington Road – a highly desirable residential street in Redland. This garage presents a rare opportunity for local homeowners and investors alike, offering excellent potential for secure parking or storage.
The adjoining garage (Garage 9) is also available in the same auction as a separate lot. Acquiring both garages could unlock the potential for redevelopment, subject to obtaining the necessary planning permission – as demonstrated by a similar residential scheme on the adjacent plot.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 18 September at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
GARAGE 8 - DOUBLE GARAGE SITUATED IN A HIGHLY SOUGHT AFTER RESIDENTIAL LOCATION IN REDLAND
DESCRIPTION -
A double garage with two up and over doors situated in a rank on Kensington Road, a highly sought after residential location in Redland. The garage presenting a rare opportunity for local residents and is ideal for parking and/or secure storage.
ADJOINING GARAGE & DEVELOPMENT POTENTIAL -
Please note the adjoining garage (Garage 9) is also being offered for sale in the same auction as a separate lot. Purchasing both garages will present an opportunity to redevelop the site if planning consent can be obtained to demolish both garages and replace with a house (similar to the adjoining property).
LOCATION -
The garage is situated in a prime location in Redland on Kensington Road, a road off Redland Grove. Redland train station is located just 120 yards away and easy access is also provided to Gloucester Road and Whiteladies Road.
GARAGE DIMENSIONS -
Depth: TBC
Width: TBC
COMPLETION -
Completion for this lot will be 6 weeks from exchange of contracts or sooner by mutual agreement.
SITE PLAN -
The site plan is provided for indicative purposes only, please refer to the title plan within the legal pack for confirmation of the site boundaries.
PLANNING -
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.
TENURE -
Understood to be freehold, please refer to the 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 £1,800 plus VAT (£2,160 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 is £5,000.
If you bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,800 plus 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.
