Block of flats for sale

Sandgate Road, Brislington, Bristol BS4

The property is a mid-terraced period property situated on Sandgate Road, which is currently arranged as a self contained one-bedroom ground floor garden flats and two-bedroom maisonette occupying the first and second floor. The flats have both been let in recent year and would now benefit from modernising but would would make for a fantastic investment for any investor. Additionally, there is scope to convert the property back in to a substance family home. The property and freehold is offered for sale with vacant position.

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

Ground floor garden flat and 2 bed maisonette

Description

The property is a mid-terraced period property situated on Sandgate Road, which is currently arranged as a self contained one-bedroom ground floor garden flat and two-bedroom maisonette occupying the first and second floors. The flats have both been let in recent years and would now benefit from some modernising. This would make a fantastic investment property. Additionally, there is scope to convert the property back into a large family home. The property is offered for sale with vacant possession.

Location

The property is located in Sandgate Road, Brislington, just a short walk from the vibrant Sandy Park High Street offering local amenities such as convenience stores, cafes, bars and restaurants. The property offers easy access to Bristol City Centre which is approximately two miles away.

Accommodation

Please refer to floorplan for approximate room measurements and internal layout.

Ground Floor Flat

The ground floor Flat comprises double bedroom the the front, living room, kitchen/ dining room and bathroom to the rear. This flat has direct access to the rear garden.

First Floor Flat

The maisonette is arranged over the first and second floors and comprises living room, kitchen and 2 bedrooms and bathroom.

Completion

Completion for this lot will be 6 weeks from exchange of contracts or sooner by mutual agreement.

Break-Up Values And Rental Values

We would anticipate the current market rents below along with break-up sales values:

Ground floor garden flat: £1,200 pcm / £235,000
Maisonette: £1,500 pcm / £265,000

total: £32,400 Per annum / gdv: £500,000

Energy Performance Certificate (Epc)

Ratings:
Ground Floor Flat - C
First Floor Flat - D

Tenure

Please refer to the legal pack.

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 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: £10,000

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.