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Property Listing Details

Property details

Features

  • For sale by public auction
  • Wednesday 25th September
  • All saints church, clifton, BS8 2HY
  • Weekly set viewings
  • Download online legal packs
  • Ground rent investment
  • Leasehold
  • Prime clifton development
  • £1350 per annum income
  • Rare opportunity

Listing view statistics

Last 30 days: 1194 page views

Since listed: 1194 page views

Description

Hollis Morgan September auction - A leasehold ground rent investment for a prime clifton development producing £1350 per annum

For Sale By Auction

Lot number 20
Wednesday 25th September 2019
All Saints Church Pembroke Road, Clifton, Bristol BS8 2HY
Legal Pack Room and Registration will be open from 18:15
The sale will begin promptly at 19:00

Solicitors

Ben Hillman
Memery Crystal
e:
T:

Online Legal Packs

Digital Copies of the Online legal pack can be downloaded Free of Charge.
Please visit the Hollis Morgan Website and select the chosen lot from our Current Auction List.
Follow the red link to "Download Legal Packs" For the first visit you will be required to register simply with your email and a password.
Having set up your account you can download legal packs or if they are not yet available they will automatically be sent to you when we receive them.
You will be automatically updated by email if any new information is added.
There will be a note added to the list to confirm auction pack now complete when no further information is due to be added.
*** stay updated *** By registering for the legal pack we can ensure you are kept updated on any changes to this Lot in the build up to the sale.

Ground Rents

The leasehold ground rents for the this landmark conversion of 6 residential flats on Whiteladies Road.

Location

The property is situated in the heart of Clifton on the busy and vibrant Whiteladies Road. A vast array of local retailers, restaurants, bars and pubs are all within walking distance whilst excellent transport links allow easy access to Bristol City Centre. University of Bristol and the Bristol Royal Infirmary are both within a mile.

The Opportunity

Long term investment

999 year leasehold with approximately 2 years expired.
3 Flats @ £200 pa
3 Flats @ £250 pa
Total income £1350 pa

The ground rents double at the 10th anniversary and then increase by rpi every 10 years thereafter.
First increase due in approx 8 years.
Additional income


There is also the opportunity to manage the internal areas of the 6 residential units / common parts
We understand the main block is managed by the Freeholder.

Buyer's Premium

Please be aware all purchasers are subject to a £1000 + VAT (£1,200 inc VAT) buyer's premium which is always payable upon exchange of contracts whether the sale is concluded before, during or after the auction date.

Guide Price

An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

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.

Pre Auction Offers

Some properties may be available to buy prior to the auction.
Pre auction offers can only be submitted by completing the offer form which can be downloaded with the online legal pack - please email the completed form to – .
Please note offers will not be considered until you have viewed the property and the complete legal pack has been released.
You will be emailed a note to confirm the auction pack now complete and then offers can be submitted.
In the event of an offer being accepted the property will only be removed from the auction and viewings stopped once contracts have successfully exchanged subject to the standard auction terms and payment of the buyer’s premium ( £1,200 ) to Hollis Morgan. Contracts can be signed either via the solicitors or at the Hollis Morgan offices subject to appointment.

Surveys And Valuations

If you would like to arrange a survey or mortgage valuation of this Lot before the auction please instruct your appointed surveyor to contact Hollis Morgan and we will arrange access for them to inspect the property. Please note that buyers cannot attend the surveys and the surveyors are responsible for collecting and returning keys to the Hollis Morgan offices in Clifton.

Bidding At The Auction

This property is for sale by public auction and if you intend to bid please bring the following:

Proof of identity (valid passport or photo driving licence).
Proof of address (bank statement, recent utility bill, council tax bill or tenancy agreement).
10% deposit payment.
Buyers premium payment.
Details of your solicitor.

You will need to register to bid – registration will be open from 18:15
Forms can be downloaded and completed beforehand ( found in the legal pack ) or collected at the auction venue.

Paying The Deposit & Buyers Premium

We can only accept the following at the auction:

Personal or Company Cheque
Bankers Draft
Debit Card ( not credit card )

Telephone And Proxy Bidding

If you cannot attend the auction (although we strongly advise you do) you can make a telephone or proxy bid. This authorises the auctioneer to bid on your behalf up to a pre-set limit. Forms and relevant conditions are available to download with the online legal pack. A completed form, id and two cheques (one for the 10% deposit and one for the Buyer's Administration Fee of £1,200) are required by the Auction Department at least two full working days before the auction.

Auction Buyers Guide Video

We have short video guides for both buying and selling by Public Auction on the Hollis Morgan Website. If you have any further questions regarding the process please don’t hesitate to contact Auction HQ.

Why Hollis Morgan?

Why Hollis Morgan?
Hollis Morgan regularly hold the largest property auctions across Bristol and the West Country from our iconic Sale Room in Clifton, since we formed in 2010 we have sold the most £££'s of land and property by Public Auction in the region - every year!
Between 2010 and 2018 we have held 51 auctions, offering 1321 lots and raising over £270k for clients across the region.
Did you know… In 2018 we had the highest % success rate and sold more £££’s of Land and Property by auction than all the other Auctioneers in Bristol & North Somerset combined!

Testimonials

We are very proud of what our past clients have say about us - please visit the Hollis Morgan website to read their testimonials.

Charity Of The Year

Hollis Morgan are supporting Bristol Zoo’s Bear Wood Appeal as our 2019 charity of the year with 5% of each buyers premium being donated.
Bear Wood is an exciting new development due to open in Summer 2019 at Wild Place Project. The exhibit will transport visitors back in time when the woodland was inhabited by European brown bears, Eurasian lynx, European wolves and wolverine, showing the effects of woodland loss on our native animals.
In 2018 we were delighted to be involved in raising £10,000 over 3 events for the “Off The Record” Bristol based mental health charity -
Visit the Charity page of our Website for further details -

Auction Property Details Disclaimer

Hollis Morgan endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact and they do not constitute any part of an offer or contract. All Hollis Morgan references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens. The seller does not make any representation or give any warranty in relation to the property and we have no authority to do so on behalf of the seller.

You could get

Superfast broadband Superfast broadband

Up to 100 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Clifton Down 0.1 miles
  • Redland 0.6 miles
  • Ss Peter and Paul RC Primary School 0.2 miles
  • Cotham School 0.3 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Clifton Down 0.1 miles
  • Redland 0.6 miles
  • Ss Peter and Paul RC Primary School 0.2 miles
  • Cotham School 0.3 miles

Market stats

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Sale activity

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In the last 12 months

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The Agent

Price history

Sold prices provided by Land Registry
12th Aug 2019 £25,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Hollis Morgan - Auction. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Hollis Morgan - Auction for full details and further information.