Property Details: • Type: Block of Apartments • Tenure: N/A • Floor Area: N/A
Key Features: • 13 February LIVE ONLINE AUCTION • Substantial four storey period property • Arranged as two large maisonettes • In need of renovation • Fantastic investment or break-up opportunity • 6-week completion
Location: • Nearest Station: N/A • Distance to Station: N/A
Agent Information: • Address: 60 Northumbria Drive, Henleaze, Bristol, BS9 4HW
Full Description: FOUR STOREY PERIOD BUILDING - 2 X 2-BEDROOM MAISONETTESAn attractive and spacious four storey period building, situated on Albert Park in Montpelier. The property is currency arranged as two large self-contained maisonettes (a ground and first floor two-bedroom maisonette with garden and a second and third floor two-bedroom maisonette). In need of renovation throughout, the property and will appeal to builders, developers and investors. Once renovated the maisonettes offer the potential to generate an annual rental income in the region of £40,800 or they could be sold off separately with a GDV in the region of £675,000.For Sale By Auction - This property is due to feature in our online auction on 13 February 2025 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.Viewings - By appointment.Summary - SUBSTANTIAL FOUR STOREY PERIOD PROPERTY ARRANGED AS TWO MAISONETTESDescription - An attractive and spacious four storey period building, situated on Albert Park in Montpelier. The property is currency arranged as two large self-contained maisonettes (a ground and first floor two-bedroom maisonette with garden and a second and third floor two-bedroom maisonette). In need of renovation throughout, the property and will appeal to builders, developers and investors. Once renovated the maisonettes offer the potential to generate an annual rental income in the region of £40,800 or they could be sold off separately with a GDV in the region of £675,000.Location - The property is situated on Albert Park in Montpelier with easy access provided to a wide range of restaurants and independent retailers on Picton Street and Cheltenham Road. Bristol city centre and Cabot Circus are just a short walk away and Montpelier train station is within easy reach.Schedule Of Accommodation - 18A - A ground and first floor maisonette comprising a living room, two double bedrooms, a kitchen, bathroom and garden. 18B - A second and third floor maisonette comprising a living room, two double bedrooms, a kitchen and bathroom.Please refer to floorplan for approximate room measurements and internal layout.Rental & Break-Up Values - Following the refurbishment of both maisonettes, we would anticipate the following rental and sales values:18A: £1,750 PCM / £350,00018B: £1,650 PCM / £325,000TOTAL: £40,800 PA / £675,000Tenure - Understood to be Freehold, please refer to the legal pack for confirmation.Completion - Completion for this lot will be 6 weeks from exchange of contracts or sooner by mutual agreement.Energy Performance Certificate (Epc) - Ratings:Maisonette 18A: C Maisonette 18B: ELetting - 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 or email .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 or email 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: £10,000If 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.BrochuresAlbert Park, Montpelier, Bristol
