auct ion APRI L 2017
residential sales | auctions
SOLD SOLD SOLD SOLD SOLD
BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT
2016 AUCTION RESULTS
Another successful auction year, with 219 lots on offer raising over £43 M
The most successful auctioneers in the region – 2011, 2012, 2013, 2014, 2015 and 2016*
* Source: EI Group 2011, 2012, 2013, 2014 and 2016, based on ‘amount raised’.
welcome to our april auction
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hollismorgan –
WELCOME TO OUR SPRING AUCTION WITH 39 interesting and eclectic lots from across the region including student investments, city centre flats, development sites, parcels of land, mixed use and commercial investments, quadruple garage blocks and even a wing of Jacobean Grade I Listed Mansion House! Our 2017 Charity of the year is a Life for a Cure – Ryan Bresnahan's Meningitis Appeal. We are delighted to support this fantastic cause and look forward to a range of events in the coming months. To find out more about why this Bristol- based charity was formed by Ryan's family please visit their website. and Planning Society who are acting as our Auction Squad and are here to gain work experience and help you with any aspect of the auction process. Everyone is welcome for complimentary drinks in the atrium immediately after the sale – please join us to relax after this evenings' excitements! Tonight, we are delighted to welcome The University of the West of England Property
the results speak for themselves…
2016 RESULTS
TOTAL SOLD £ M
LOTS OFFERED
Hollis Morgan
219 43,291,500 151 21,935,100
MAGGS & ALLEN
52 12,851,200
AUCTION HOUSE BRISTOL
23 3,594,500
BESLEY HILL
23 3,252,500
DAVID PLAISTER LTD
* Source: EI Group
INTRODUCING OUR CHARITY FOR 2017
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www.ryanbresnahan.org
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Oliver Hollis
BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT
introducing our auction team
the members of our team Mike Hayne, George Harris; BOTTOM ROW LEFT TO RIGHT
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Calum Melhuish, Nick Heal,
TOP ROW LEFT TO RIGHT
Kim Larnach, Sarah Western and Jodie Hollis.
Andrew Morgan MBE Andrew is one of the most respected and well known estate agents and auctioneers in Bristol having spent a lifetime in residential agency and on the auction rostrum and is recognised as one of the most experienced provincial auctioneers in the country. His knowledge of property is second to none which is invaluable to one of the fastest growing agencies in the region. His love of Bristol and his obvious concern for others has led him to be involved in a huge number of charitable events throughout his career raising thousands of pounds by his entertaining charitable auctions. For this work he was awarded The MBE in The Queen’s Birthday Honours in 2013. He is chairman of several charities and is advisor to many others regarding property matters. He is currently actively involved in projects with St Mary Redcliffe church, All Saints Clifton and Clifton Village BID and other organisations in Bristol.
Oliver Hollis BS C (HONS)
Olly has worked in Estate Agency since 2003, beginning his career as Andrew’s junior negotiator at a local independent firm before moving on to auction assistant and eventually running the sales department. Olly then founded Hollis Morgan with Andrew in 2010. Having been brought up in Clevedon his
family moved to Bristol in the early 90’s where with his two brothers he attended Clifton College. As a gap year after school he worked as a swimming pool salesman in Oxford before moving to Cardiff to complete a
Marketing Degree before moving back to Bristol to start his career in property.
BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT
buying at auction – an exciting opportunity
Four essential things to prepare for an auction • solicitors • survey • finance • ID Auctions offer a whole range of different and exciting property opportunities - why not see what is on offer? It may seem a daunting process to buy in a saleroom but if you follow these guidelines it is a very straightforward and enjoyable process. Do not be afraid to ask for guidance from us - we are there to help you. Can I attend an auction to see what happens? An auction is a public event you are most welcome to attend. We recommend that anyone thinking of buying by this method attends auctions in order to familiarise themselves with the process. How do I find out about new properties? Join our mailing list by either calling the office or send us an email via our website. How do I view the property? Viewings will be arranged and times published. You can view at these times without making an appointment. Arrive early to take advantage of the maximum viewing time. What is a price guide? 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
What is a legal pack? A legal pack is prepared by our clients solicitor and Digital Copies of the Online legal pack can be downloaded Free of Charge.
(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. What is a 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. Can I make an offer? Pre auction offers can be only submitted by completing the OFFER FORM which can be downloaded within the online legal pack. Please note offers will not be considered until you have viewed the property and the COMPLETE legal pack has been released. 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 buyers premium to Hollis Morgan. Can I bid on the telephone? 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 £900) are required by the Auction Department at least two full working days before the auction. Should I have a survey? 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.
*** 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. Will I need a deposit?
You will need to bring a cheque or debit card to the auction for the deposit of 10% of the buying price (minimum £2,000) which is payable to our client's solicitor. CASH IS NOT ACCEPTABLE. Is there a Buyers Premium? You will need to bring a separate cheque to the auction payable to hollis morgan for £750 + VAT. Do I need ID? You will need to bring photographic identification with you on the sale night. See our separate download for full details. Can someone bid on my behalf? Someone else can bid for you. They should make themselves known to the auctioneer prior to the sale. They must be prepared to sign the contract on your behalf and pay the required deposit. They must also bring ID with them. For more information watch our Buyers Guide Video @ www.hollismorgan.co.uk
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Good Luck and Happy Bidding!
You can download the full Buyers and Sellers Guides from our website www.hollismorgan.co.uk
BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT
Hollis Morgan Auction Terms and Conditions apply. © Hollis Morgan Property Limited 2017
selling at auction – a brief guide
Why Hollis Morgan? We sell the most £££'s of property by auction in Bristol and the West Country. Most Successful Auctioneers in the region since 2010. Bristol's most experienced auctioneer Andrew Morgan MBE. Advertised online with auction specific posts on BOTH Rightmove, Zoopla plus many other search portals. High profile weekly press campaign focusing on the Bristol Property Live newspaper with regular adverts in the Weston Daily Press, North Somerset Times and Bath Chronicle. Online Mailing list of 15,000 investors, developers, self-builders and family buyers. Local, National, Regional and International audience. Most Lots for Sale and Highest Attendance. Approximately 750 people attend our auctions. Prestigious Clifton Auction Venue
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! In 2014 we sold over £35m of land and property via public auction - more than all the other local auctioneers combined and in 2015 we achieved a 94% success rate with approximately 40-60 lots per catalogue ranging from £10k to £3m and more than 750 people attending our iconic Sales. The key benefits of a sale by public auction Speed – Exchange on the a night with 28 day completion Closure – 10% deposit taken on the night and deal is done. Intense 6 week marketing campaign with local, national and international coverage Access to a both traditional family buyers and the professional market. Control – you have set out your plans for buyers to follow - you are in charge
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Regional Office covering Bristol and the West Country. Experienced Team offering expert advice. Download the full Sellers Guide or watch the video at www.hollismorgan.co.uk
Reserve – you set a reserve which protects you for selling for less than you want. Best possible price is achieved – and it is played out in front of your own eyes meaning no "what ifs!"
You can download the full Buyers and Sellers Guides from our website www.hollismorgan.co.uk
BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT
Hollis Morgan Auction Terms and Conditions apply. © Hollis Morgan Property Limited 2016
introducing steve mears – independent financial advisor the money man
Buy-to-let – times are a changing…
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Many of you in the room tonight will already be Landlords, and many may wish to be. As you may be aware, things have changed recently, and good advice is therefore even more critical to getting the most from your investment. Listed below are just a few of the important points: • Mortgage interest relief is being cut for individual landlords from 2017 • From 2020 the maximum relief will be restricted to the basic rate regardless of the individual’s tax bracket • Landlords will no longer be able to deduct all their finance costs from their property income to arrive at their property profits. They will instead receive a basic rate reduction from their income tax liability for their personal finance. • Relief will now be given as a reduction in their tax liability. Instead of a reduction to the taxable rental income. Lenders have also changed the way they calculate how much they will lend, which often means a 75% loan will no longer be achievable, when buying in personal names.
” We have always recommended that our Investor clients should work with an Accountant, and it is now vital that anyone in this market takes advice to avoid pitfalls and maximise incomes. One option, which may work for some, is to purchase in, or re-mortgage to, a Limited company. We now have several lenders who will lend to a new Limited company set up for the express purpose of Buy to Let, and we are sure that the number will grow in the coming years, as the Tax changes take hold. We also have accountants who specialise in this arena, who can help make the decision of the best way to proceed. Please feel free to chat with one of our team tonight or call the office and arrange to pop in and go through your options. We will also be happy to discuss any other aspect of auction finance, such as Bridging and re-mortgaging. Happy Bidding! …things have changed recently, and good advice is even more critical…
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” “
Please remember YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE .
to contact Steve, email info@stevemears.com , telephone 0117 973 4300 or to find out more about Steve Mears Independent, visit www.stevemears.com
AUCT I ON F I NANCE PROPERTY INVESTMENT DEVELOPMENT FINANCE BRIDGING
We can offer independent advice for all your property auction related financial requirements
If you are looking to finance your property needs at auction we can offer independent financial advice specifically suited to developers and investors, with…
our services include
auction finance options
bridging and commercial finance specialist for the self-employed
RESIDENTIAL AND BUY - TO - LET MORTGAGES
residential, buy-to-let and remortgaging
‘agreement-in-principle’ from most lenders within hours
SECURED LOANS AND BRIDGING LOANS
TELEPHONE : 0117 973 4300 E - MAIL : info@stevemears.com
LIFE COVER FOR FAMILY AND BUSINESS INCLUDING TRUSTS
COMMERCIAL MORTGAGES AND FINANCE
INDEPENDENT FINANCIAL ADVICE
PROTECTION AGAINST ILLNESS FOR FAMILY AND BUSINESS
Typically we charge a fee of £395 for processing the mortgage and this will be payable in two instalments. Initially £200 will be payable when we submit your application form to the lender and the balance of £195 will be payable within 14 days of the loan completing. If your mortgage proceeds to completion we will also receive any commission payable from the lender. Our fees are dependent upon your circumstances and therefore could be more than this. THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE COMMERCIAL FINANCE OR ADVICE ON WILLS AND TRUSTS. THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE SOME ASPECTS OF BUY TO LET MORTGAGES AND BRIDGING LOANS . Steve Mears Independent Mortgage Services is a trading name of Steve Mears Ltd, Registered in England and Wales – Registered Number 6180562; Registered office: 28 Alma Vale Road, Clifton, Bristol BS8 2HY; Directors: Steve Mears and Emma Mears. Steve Mears Independent Mortgage Services is an appointed representative of Owen and Associates, which is authorised and regulated by the Financial Conduct Authority. Your home or property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
see our website www.hollismorgan.co.uk for full property details
2016 auction review
2016: another successful auction year… Andrew Morgan and Olly Hollis share their personal highlights…
BARROW LODGE, KINGS SQUARE, BITTON BS30 6HR
Andrew Morgan MBE : Auction Means Action!
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“Just when we thought that we were never going to sell…Hollis Morgan appeared. Was it a bird? Was it a plane? No it was super Estate Agent. Hollis Morgan took complete control of marketing, great advice based upon local experience, and then got interest from people who really wanted to know about my property. No smarm! No spiel. Fair commission, and the best advice. And to top it all…Got high price, above ask, before auction.There can be no other logical decision when wanting to sell your property. Not just any auction…Hollis Morgan. The One…the Only. Forever in awe!” ” This historic house with its many period features was clearly a much loved family home with all the signs of family life. The house was proving too much for its widowed owner and having been on the market with several local agents needed to be sold and a successful auction enabled her to move on to a more suitable property with less maintenance taking her treasured memories with her. It was very heart-warming to help this charming lady and her children ensure her future. Olly Hollis: My favourite testimonial... from the vendors of Highlands Cottage
£590 K SOLD
HIGHLANDS COTTAGE, 48, WEST HILL, PORTISHEAD BS20 6LR
£445 K SOLD
BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT
THE SELLER ’ S GUIDE TO RESIDENTIAL PROPERTY
selling your property from auction to market
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A SURPRISING AMOUNT OF PROPERTIES that we sell at our auctions come back to market for sale with us by private treaty, having been updated – or thoroughly refurbished in some cases. On the following pages are just a a couple of recent examples. hollismorgan – not just auctioneers…
sales
residential sales | auctions 0117 973 6565
r e s i d e n t i a l
residential sales | auctions
SOLD by us at our auction…
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BEFORE
“ ” IN THE AUCTION CATALOGUE WE SAID : in need of updating…
26 Shipley Road Road, Westbury-on-Trym was bought at a hollismorgan auction.
residential sales | auctions 0117 973 6565
THE SELLER ’ S GUIDE TO RESIDENTIAL PROPERTY
…refurbished and SOLD by us by private treaty
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AFTER
SOLD BY US Set in an elevated position, in arguably one of the most desirable locations in Westbury Village, No 26 underwent extensive renovation before coming back to market as a stunning three storey family home. SOLD in a little over a week for in excess of the asking price. hollismorgan – not just auctioneers…
sales
r e s i d e n t i a l
residential sales | auctions
SOLD by us at our auction…
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BEFORE
“ ” IN THE AUCTION CATALOGUE WE SAID : now needs updating…
51 Avon Way, Stoke Bishop was bought at a hollismorgan auction.
residential sales | auctions 0117 973 6565
THE SELLER ’ S GUIDE TO RESIDENTIAL PROPERTY
…refurbished and SOLD by us by private treaty
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AFTER
SOLD The property recently underwent meticulous refurbishment resulting in a superb, warm and welcoming family home. Positioned in a generous 1/3 acre plot, in a quiet residential area with excellent amenities close by. A superb property SOLD at £550,000. hollismorgan – not just auctioneers…
sales
r e s i d e n t i a l
residential sales | auctions
SOLD by us at our auction…
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BEFORE
Land at: 76 Horfield Road, Cotham, Bristol BS2 8EQ was bought at a hollismorgan auction. “ ” IN THE AUCTION CATALOGUE WE SAID : A level site of 0.15 Acres located a few hundred yards from the University and BRI with Full Planning to erect 9 stylish flats.…
residential sales | auctions 0117 973 6565
THE SELLER ’ S GUIDE TO RESIDENTIAL PROPERTY
… SOLD by our New Homes department
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AFTER
SOLD OUR CLIENTS SAID : " It was a pleasure to be associated with Hollis Morgan for our nine unit apartment development in Cotham, from site acquisition stage through to the sale of the units. We received informed guidance on what the market required in terms of prices, fixtures, fittings, finishes and anything else that cropped up. Not least due to their help and guidance, the development was a terrific success and we look forward to many more projects with this excellent team in the future. " W ESTBURY G UILDS L TD .
hollismorgan – not just auctioneers…
sales
r e s i d e n t i a l
THE SELLER ’ S GUIDE TO RESIDENTIAL PROPERTY
selling your property the key to success
Your house is only new to the market once. Get it right first time with hollismorgan.
closing the sale We pride ourselves on good communications and building an excellent relationship with our clients. A good property will generally sell itself but our skill is required to achieve the very best possible price and encourage buyers to a prompt exchange of contracts. We insist on credit checking all would- be purchasers prior to agreeing a sale and will assist your buyer to complete surveys and mortgage valuations as quickly as possible whilst staying in regular contact with both parties’ solicitors. This should ensure any legal enquiries are settled promptly whilst any difficulties are dealt with firmly and decisively hollismorgan is regularly involved in local events such as the ‘Opera Picnic’ and ‘Burns Night’ and fund raising charity auctions for organisations such as ‘Help for Heroes’ as well as numerous independent events – we keep our ear to ground and meet would-be buyers and sellers before other agents, passing the benefits on to our clients. We appreciate that despite modern technology, clients and purchasers still like to meet their agent in attractive and friendly surroundings. We have therefore chosen a Georgian building adjacent to the Clifton Club in one of the most picturesque locations in Bristol where shoppers, tourists and locals mingle and enjoy the relaxed ‘Chelsea’ style ambience of Clifton Village. Our street presence is streamlined and modern with the latest technology whilst our first floor room, with dramatic high ceilings, will provide a traditional setting for private meetings. contact us now on 0117 9736565 for a free, no-obligation valuation. in the best interest of our client. about hollis morgan
From years of experience we know that the key to successful selling is to create a momentum based on the following:- a professionally considered asking price, powerful marketing and gentle but skillful and effective negotiations to close a sale. the valuation It is no longer good enough to base a valuation on “what the house next door sold for”. We will supply you with a detailed history of asking prices and Land Registry prices in your area and demonstrate a comparison between your property and others. Add to this our knowledge of individual homes and our awareness of the marketplace we are able to provide you with the accurate valuation to commence the marketing campaign. the marketing campaign We will visit your property to prepare detailed particulars focusing on any changes and improvements you have made coupled with helpful local information. We will take a range of digital photographs and encourage your involvement in choosing the best shots. We will also prepare professional floor plans and arrange for a local energy assessor to calculate your Energy Performance Certificate. In order to achieve the best possible price for your property it is essential that the widest possible target market is reached. At hollismorgan we have several methods of communicating with the market; our website and e-mails,Press advertisements, promotional events and face to face at our Clifton Office. The Internet is the first port of call for today's house hunter. We will list your property on our stylish new website www.hollismorgan.co.uk alongside a premium listing with the UK’s number one property website www.rightmove.co.uk and others including Bristol Property Live, the Western Daily Press and other local publications.
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© Hollis Morgan Property Limited 2016 [v3] sales
residential sales | auctions 0117 973 6565
r e s i d e n t i a l
£171 K SOLD
LOT 1
DODDRIDGE HOUSE, 1, MILTON PARK, REDFIELD, BS5 9HQ
GUIDE PRICE : £140 K +++
Redfield
PROPERTY AREA 970.1 ft 2 /90.1 m 2
End of terrace opportunity An end of terrace two bedroom Freehold period property arranged over two floors with enclosed garden to rear. • Requires basic updating • Scope for Family Home • Potential Flat Conversion – 2 x 1 beds • Buyers must be aware that there is subsidence to the side of the property that will require attention and may affect the ability to secure mortgage funding on the property until rectified. • Rental Appraisal The Bristol Residential Letting Co . £950pcm if let as a 2 bedroom house or £700pcm per flat if converted into 2 x bedroom flats. • Completion is set for 6 weeks. • Sold with vacant possession
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SOLICITORS
contact:
Tom Bowering, Wards Bristol
Email: Tom.Bowering@wards.uk.com
£52 K SOLD
LOT 2
PARCEL OF LAND TO REAR, 260, SOUNDWELL ROAD, KINGSWOOD, BS15 1PN
GUIDE PRICE : £10 K +++
Kingswood
Speculative land… A parcel of land (0.084 Acres) to the rear of 260 Soundwell Road with access from Castle Road. • A speculative parcel of land with development potential for residential dwellings, garages, commercial use subject to gaining the necessary consents. • Soundwell Road is located just off Downend Road within the popular suburb of Kingswood. • Local amenities and services are all within walking distance including convenience stores, pubs, bars, cafes and restaurants. • Bristol City Centre is approximately four miles away.
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SOLICITORS
contact:
Jackie Curtis, Bachelor Sharp
T. 0117 9671772
£150 K SOLD
LOT 3
9, HURST WALK, KNOWLE, BRISTOL BS4 1HG
GUIDE PRICE : £90 K +++
Knowle
PROPERTY AREA 702.2 ft 2 /65.2 m 2
End of terrace for modernisation Occupying a prime end of terrace position on a corner plot of this quiet cul-de-sac location. The Freehold property is arranged over two floors with three bedrooms and detached garage. • The property has been vacant for a number of years and is now in need of updating. • Sold with Vacant Possession. • Hurst Walk is located within the popular residential suburb of Knowle. Local amenities and services are all within close proximity including Filwood Library and Filwood Green Business Park. • Bristol City Centre is approximately three miles away.
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£295 K SOLD
LOT 4
FREEHOLD BLOCK, 19, GLOUCESTER STREET, EASTVILLE, BS5 6QF
GUIDE PRICE : £250 K +++
Eastville
PROPERTY AREA 1315.5 ft 2 /122.4 m 2
A block of flats A modern Freehold block of 3 self contained units. • Excellent buy to let in this sought after area of the City • We understand there is scope to increase the rental income • Break up opportunity and sale of individual units • Sold with vacant possession • Gloucester Street is located within the residential area of Eastville • Bristol City Centre is approximately two miles away. • Rental Appraisal The Bristol Residential Letting Co .
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Flat 2: £650 PCM Flat 3: £550 PCM Flat C: £550 PCM
SOLICITORS
contact:
Sue Rzeznicki, Gregg Latchams
sue.rzeznicki@gregglatchams.com
£300 K SOLD
LOT 5
LAND ON NORTH SIDE OF, CATTYBROOK STREET, EASTON, BRSITOL BS5 9JE
GUIDE PRICE : £325 K +++
Easton
A site for residential development A parcel of land (0.225 Acres )fronting Russell Town Avenue and the corner of Cattybrook Street. • A Pre Application (15/04951/PREAPP) proposal for two schemes was submitted on 25th November 2015 Scheme 1: Block of 14 Flats with 13 Parking Spaces Scheme 2 : 7 x Eco Town Houses with gardens and 13 parking spaces. Summary "Houses of 2 and 3 bedroom were discussed as being the most appropriate type housing type" • We understand the resale value of 2/3 Bedroom Eco Home with gardens and parking are circa £275k per unit. • Russell Town Avenue is one of the main link roads within Whitehall and provides direct access to both Speedwell and St. George. Local amenities and services are all within close proximity including the vibrant Church Road which boasts an array of independent retailers, convenience stores, bars and restaurants. • Bristol City Centre is approximately 1.5 miles away.
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SOLICITORS
contact:
Stephen Parker, Partner at Barcan+Kirby LLP
Email: S.Parker@barcankirby.co.uk
£220 K SOLD
LOT 6
GUIDE PRICE : £185 K +++ 1, GIFFORD ROAD, HENBURY, BS10 7LR
Henbury
PROPERTY AREA 849.8 ft 2 /79.0 m 2
House on a corner plot A well presented and spacious end of terrace three bedroom family home arranged over two floors (849ft 2 ) occupying a larger than average corner plot with off street parking. • *** REDUCED PRICE FOR AUCTION *** • Development Given the size of the plot and subject to consents there is scope to extend the property to create larger four bedroom property - see proposed drawings/elevations on details. • Planning has recently been refused to erect a new dwelling within the plot and buyers may wish to pursue this further.
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SOLICITORS
contact:
Tom Bowering, Wards Bristol
Email: Tom.Bowering@wards.uk.com
£625 K SOLD
LOT 7
PLOT @, CATHERINE MEAD STREET, BEDMINSTER, BS3 1XH
GUIDE PRICE : £560 K +++
Bedminster
PROPOSED ELEVATIONS
Planning Granted for 6 houses A Freehold parcel of land approximately 0.156 Acres in the heart of Bedminster on the corner of Herbert Street and Catherine Mead Street. • Full planning is expected to arrive on the 15th of March. With permission granted to erect 6 x 2 bedroom houses. • 850ft 2 per unit. • We understand the resale values of each unit to be in the region of £300,000 • The land is close to East street with a wide range of retailers and traders serving the local area yet within one mile of the City Centre and close to North Street.
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SOLICITORS
contact:
Simon Kenneally, Gregg Latchams
simon.kenneally@gregglatchams.com
£255 K SOLD
LOT 8
GUIDE PRICE : £225 K +++ 22 - 24, ROSSALL AVENUE, LITTLE STOKE, BS34 6JT
Little Stoke
PROPERTY AREA 1893.1 ft 2 /175.9 m 2
Two houses for development A Freehold opportunity to acquire a pair of semi detached three bedroom houses set on a large plot with gardens to front and rear. Development Both properties are of non traditional concrete construction and also require modernisation. Given the size of the plot we understand there is merit in seeking planning to demolish the site and erect a terrace of 3/4 houses or 6+ Flats. Investment There is huge demand for both professional and student rental accommodation in these areas with UWE and major employers such as Rolls Royce close by. • Rossall Avenue is located within the popular suburb of Little Stoke. • The University of The West of England is less than two miles away. Bristol City Centre is approximately five miles away • Large employers such as MOD, Southmead Hospital, BAE Systems and Rolls Royce are close by and it is a short walk to Filton Abbey Wood Train Station whilst Gloucester Road North has a regular bus service to the City Centre.
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SOLICITORS
contact:
Mohammed Kalam, Devonshires Solicitors LLP
mohammed.kalam@devonshires.co.uk
LOT 9
550, FILTON AVENUE, FILTON, BS7 0QG
GUIDE PRICE : £210 K +++
Filton
PROPERTY AREA 1583/9 ft 2 /147.2 m 2
Mixed-use investment A leasehold property that has been used as a ground floor retail unit (Post Office) and a three bedroom maisonette with a larger than average rear garden plus outbuildings with rear access. • EXTENDED COMPLETION – 6 weeks • Investment / Development opportunity that was run as a post office for approximately 20 years by the current owner with a student let in the maisonette but sold with vacant possession. • The maisonette was previously let for £325 - £350 per room but we understand there is scope to increase this rent to £400 pcm - £14,400 per annum • There is also scope for an attic conversion to further increase the accommodation.
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RENTAL APPRAISAL
Bristol Residential Letting: £750-800 PCM ;
SOLICITORS
contact:
Gabrielle Artess, Barcan Kirby
g.artess@barcankirby.co.uk
£520 K SOLD
LOT 10
LAND TO THE REAR OF, 57-59, HIGH STREET, WESTBURY-ON-TRYM, BS9 3ED
GUIDE PRICE : £470 K +++
Westbury Village
PROPOSED SCHEME
Development with Planning Granted
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An enclosed level site of circa 0.2 acre with excellent access to Westbury High Street with Vehicular Access from Westfield Road. • Planning has been granted to demolish the existing outbuildings and to erect 3 x 3 Bedroom 950ft 2 Detached Houses with private gardens. • We understand the resale value of each unit is in the region of £475,000-£500,000 • There may be scope to increase the values if the units are designed specifically targeting over 65's given the level pedestrian access to Westbury High Street.
SOLICITORS
contact:
Julian Chapman, Devereux & Co
Julian@devlaw.co.uk
LOT 11
211, WELLINGTON HILL WEST, HENLEAZE, BRISTOL BS9 4QL
GUIDE PRICE : £325 K +++
Henleaze
EXISTING LAYOUT
Mixed use investment/development A mid terraced Freehold mixed use property with ground floor retail and residential flat above plus parking to rear in this highly sought after established rank. ***Completion is set for 6 weeks*** Investment The entire unit is currently let to a single tenant who has been in-situ for a number of years on a rolling lease which has now expired. • The current rental income is £26,400 PA . • We understand the current tenants would be interested in renting the ground floor only for £15,000 PA . • The upper floors would command a rent of circa £400 PER ROOM / PCM , i.e. circa £24,000. Development Planning was granted in 2009 (Now lapsed) to convert the existing upper floors into two self contained flats. We understand there may be scope for 3 flats subject to consents.
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LAPSED SCHEME
SOLICITORS
contact:
George Boyd-Gibbins, Cook and Co Solicitors
george.boyd-gibbins@cookco.co.uk
£110 K SOLD
LOT 12
FLAT 17, CRUSADER HOUSE, ST. STEPHENS STREET, CITY CENTRE, BS1 1EL
GUIDE PRICE : £99 K +++
City Centre BRISTOL
PROPERTY AREA 688.9 ft 2 /64.0 m 2
Stylish Two Bed Apartment Occupying the top floor of converted period property is a stylish and well presented long leasehold two bedroom apartment with exposed beams and open plan kitchen diner. We understand this is arguably the best apartment in the block. • Excellent investment or owner occupier in this highly sought after central location. • The property is currently let to professional tenants on a rolling AST agreement (commencing 7th August 2015) for £925 PCM • Notice of 8 weeks would be required for vacant possession • There may be scope to increase this rental income subject to improving the communal areas. • Located ‘a stone's throw’ away from Bristol's best shops, cafes, bars, restaurants and nightlife. • ***IMPORTANT INFORMATION*** Buyers should note the annual management fee is currently £4,800 PA and should refer to legal pack for further details.
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RENTAL APPRAISAL
Bristol Residential Letting: £925 PCM ;
SOLICITORS
contact:
Pam Williams, Wards Solicitors
pam.williams@wards.uk.com
£375 K SOLD
LOT 14
GUIDE PRICE : £325 K +++ RETAIL UNIT, 62 - 64, HIGH STREET, SHIREHAMPTON, BS11 0DJ
Shirehampton
BEING SOLD WITH OUR JOINT AGENTS
A commercial investment The property to be sold comprises a self-contained ground floor retail unit within a two story property. • Tenant Lease: Start 30/12/1995 25 years • Lease Term: 25 years expiring 30/12/2020 • Rent Review: Five yearly upward only rent reviews. The next review date is 30/12/15 • Rent: Passing rent of £38,000 pa exclusive • It should be noted that whilst the property is fully let, it is currently vacant. • The first floor, which is to be retained by the vendor, is to be the subject of a high quality flat conversion – the CGI image on the front of the particulars shows the building on completion of the refurbishment.
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SOLICITORS
contact:
CLAIRE L. SPEAKE, Capstone Solicitors
enquiries@capstonelaw.co.uk
£425 K SOLD
LOT 15
144, ST. MICHAELS HILL, KINGSDOWN, BS2 8DA
GUIDE PRICE : £370 K +++
Kingsdown
PROPERTY AREA 1992.0 ft 2 /185.1 m 2
Prime student opportunity A mid terraced period property arranged as mixed use Freehold comprising a ground floor retail unit and a self contained maisonette on the upper floors with courtyard garden to rear plus basement. Excellent investment/development opportunity in this prime position close to Bristol University. Retail Unit The ground floor and basement is let producing £8,000 PA holding over on a lease. Maisonette The upper floors comprise a self contained maisonette plus a courtyard garden to the rear. There is scope subject to consents to create a 5 bedroom student apartment capable of producing £27,000 PA (£450 PER ROOM / PCM ).
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SOLICITORS
contact:
Jim Davis, Star Legal
E - fishponds@star-legal.co.uk
LOT 16
DEVELOPMENT SITE @, 20, HILLCREST ROAD, PORTISHEAD, BS20 8HP
GUIDE PRICE : £425 K +++
Portishead
EXISTING VIEWS
Planning Granted for two townhouses
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A Parcel of land on this highly sought after location • Planning has been granted to erect a pair of semi detached premium townhouses with stunning channel views and open plan living spaces. • We understand the resale value is in the region of £600,000 per unit • GDV £1.2m • Hillcrest Road is regarded as one of the prime residential areas of the thriving coastal town of Portishead with panoramic views of the Bristol Channel and excellent access to the thriving High Street • Access onto the regional motorway network via the M5 is within 3.5 miles whilst Clevedon is just under 5 miles away.
PROPOSED SCHEME
SOLICITORS
contact:
Jim Davis, Star Legal
E - fishponds@star-legal.co.uk
£220 K SOLD
LOT 17
3, BOSWELL STREET, EASTVILLE, BRISTOL BS5 6SG
GUIDE PRICE : £185 K +++
Eastville
PROPERTY AREA 839.3 ft 2 /78.0 m 2
Freehold – block of two flats A mid terraced Freehold period property arranged as 2 flats. We are informed the two flats have been in-situ for a number of years with separate council tax – please refer to legal pack. • Excellent investment opportunity with both flats let on individual AST agreements producing £15,500 per annum • Scope to further increase the rental income • Scope for a fine family home in this highly sought after location • ***Completion is set for 6 weeks*** • Boswell Street is located just off Fishponds Road within the popular suburb of Eastville • Local amenities and services are all within close proximity including independent retailers, pubs, bars, cafes and convenience stores • The M32 Motorway is nearby and provides direct routes in and out of Bristol • The City Centre is approximately two miles away.
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SOLICITORS
contact:
George Boyd-Gibbins, Cook and Co Solicitors
£235 K SOLD
LOT 18
GUIDE PRICE : £175 K +++ 5, ABRAHAM CLOSE, EASTON, BS5 0XJ
Easton
PROPERTY AREA 1122.1 ft 2 /104.2 m 2
Investment block of flats A 1950’s mid terraced ex local authority property that has been arranged as 3 x studio flats for a number of years. The property has a rear yard area with off road parking provision and small garden to the front. Excellent Investment The property is currently let to 3 separate Bristol City Council Tenants on rolling AST contracts
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Flat 1: £500 PCM Flat 2: £500 PCM Flat 3: £460 PCM
Development The property would now benefit from basic updating in its continued use as 3 flats, conversion to HMO style investment or returned back to a 4 bedroom family home (subject to Consents).
SOLICITORS
contact:
Phillip Hogan, Partner Commercial Department, Henriques Griffiths
phogan@henriquesgriffiths.com
£312 K SOLD
LOT 19
7, NORTH STREET, SOUTHVILLE, BS3 1EN
GUIDE PRICE : £290 K +++
Southville
PROPERTY AREA 1368.2 ft 2 /127.1 m 2
A mixed-use investment A Freehold mixed use investment property comprising a ground floor retail unit and two self contained flats producing £20,760 PA . • Excellent investment or break up opportunity in this highly sought after location close to the City Centre. • We understand there may be scope to increase the rental income on the flats. • The First floor flat would benefit from some basic updating and will be vacant from April 30th allowing buyers to renovate and increase rents. • Income/Agreements Ground Floor Retail Unit 6 Year Lease from 1st November 2016 with 3 Year Rent Review/Break. £4,800 PA Ground Floor Rear Flat £7,020 PA (Rolling AST) First Floor Flat £8,940 PA (Rolling AST).
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SOLICITORS
contact:
Gareth Reynolds, BGW Solicitors
Gareth.Reynolds@bgw-solicitors.co.uk
£85 K SOLD
LOT 20
GUIDE PRICE : £85 K +++ 12, MOORSIDE COURT, MOOR LANE, CLEVEDON, BS21 6EU
Clevedon
PROPERTY AREA 1187.0 ft 2 /110.3 m 2
A flat for the over 55s Occupying the first floor of this modern terraced development for the over 55’s is a self contained two bedroom apartment with lovely views to the rear over the Moor Lane allotment site. • Flats in this block are rare to the market and the first floor with views over the allotments are extremely sought after. • Excellent retirement flat with a level walk to the High Street and associated amenities. • Off Street parking. • The Flat has been well maintained and is offered in good decorative order • Long Leasehold: refer to legal pack for Lease and Management Fee details . • Moorside Court is located within the bustling coastal town of Clevedon. • Local amenities and services including high street
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retailers, convenience stores, cafes and restaurants are all within close proximity.
SOLICITORS
contact:
Andrew Cutland, John Hodge Solicitors
andrew.cutland@johnhodge.co.uk
£62,500 SOLD
LOT 21
COMMERCIAL STORE, 3, HUNTS LANE, HORFIELD, BS7 8UW
GUIDE PRICE : £65 K +++
Horfield
PROPERTY AREA 468.7 ft 2 /43.5 m 2
Parking and storage A freehold commercial store that has been used by a local builder for many years and is now being sold due to retirement. • Sold with vacant possession and would suit a • Possible long term residential development potential subject to gaining any necessary consents. • The unit is 3.8 m x 11.4 m with skylights and a parking area immediately in front. • There are no services but the owner has used a small generator on the site for many years - we understand there are services in the road. • Hunts Lane is a quiet cul-de-sac situated just off Wellington Hill within the popular suburb of Horfield. small business or hobby room. • Valuable parking space/storage.
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SOLICITORS
contact:
Katrina Bartlett, Ward, Bradley Stoke
Katrina.Bartlett@wards.uk.com
LOT 22
DEVELOPMENT SITE @, KINGSWAY AVENUE, KINGSWOOD, BS15 8AW
GUIDE PRICE : £490 K +++
Kingswood
Site with Planning A prominent Freehold corner plot of 0.203 Acres with Road frontage onto both Kingsway Avenue and Two Mile Hill Road. • Planning has been granted to erect a stylish scheme of 9 Units • Two units have already been constructed ( Not Included ) and the 9 remaining units have a GDV of £1.65m. 2 X 3 Bedroom Townhouses 3 X 1 Bedroom Apartments 4 X 2 Bedroom Apartments Decision : GRANTED subject to condition(s) Application no: 15/04808/F • Rental Appraisal The Bristol Residential Letting Co .
PROPOSED DEVELOPMENT
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2 Bedroom townhouses – £850pcm 1 Bedroom apartments – £675pcm 2 Bedroom apartments - £775pcm
SOLICITORS
contact:
£270 K SOLD
LOT 23
GUIDE PRICE : £230 K +++ 44, BEACH ROAD WEST, PORTISHEAD, BS20 7HU
Portishead
BEING SOLD WITH OUR JOINT AGENTS
PROPERTY AREA 748.4 ft 2 /69.5 m 2
Lake grounds location A charming mid terrace two bedroom cottage which dates back in excess of 150 years. • The property would now benefit from basic updating but would make a fine home in this highly sought after location. • We understand once fully renovated and modernised a re sale value between £325,000 and £350,000 could be achieved. • A rental value of £900 PCM could be achieved if the property was fully modernised • Recently, double glazed UPVC windows and doors have been installed as well as a new gas combination boiler (3 years old) • Off street parking for one vehicle included. • Beach Road West is located just off Woodhill and Kilkenny Bay within the popular coastal town of Portishead.
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SOLICITORS
contact:
Chris Perkins, Wards Solicitors
E: chris.perkins@wards.uk.com
LOT 24
Street SOMERSET 107, HIGH STREET, STREET, BA16 0EY
GUIDE PRICE : £400 K +++
PROPERTY AREA 4922.3 ft 2 /457.3 m 2
High street investment opportunity
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The property comprises a traditionally constructed double fronted shop unit of stone construction under a tiled roof, arranged over ground and two upper floors. • To acquire excellent retail premises of character in a prime retail area. • The whole property is let to Co-Operative Bank on a full repairing and insuring lease, expiring 24 December 2017 at a passing rent of £49,500 PA • The upper floors have been sublet to Apex Dental Group – we understand they may be interested in leasing the upper floors at £10,500 pa once the Co-Op lease ends. • Scope to develop the warehouse premises to the rear into further accommodation or to seek planning consent for a residential or commercial scheme subject to consents • The upper parts have independent access from the high street. • To the rear is a sizable warehouse linked to the ground floor. • The rear of the property is accessed from the main town centre car park operated by the local authority and comprises 8-10 parking spaces
JOINT AGENTS Williams Gunter Hardwick 0117 922 1222
SOLICITORS
contact:
Desmond O'Driscoll, Partner - Commercial Property, NEXUS Solicitors
dodriscoll@nexussolicitors.co.uk
25 LOT
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PROPERTY AREA 3029.9 ft 2 /280.8 m 2
LOT 25
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Own a piece of history …
GUIDE PRICE : £750 K +++
Nailsea
LE FRYE HOUSE, NAILSEA COURT, CHELVEY ROAD, NAILSEA, BS48 4DL
pproached by a long tree lined avenue this Grade 1 listed Freehold Jacobean mansion house comprises the east wing of Nailsea Court, a beautiful and historic country estate in an idyllic country setting of 1.5 Acres. A This property provides the opportunity to become a “Country Squire” within an affordable budget and enjoy the exclusive privileges and ambiance of an historic estate yet to be within thirty minutes of the centre of Bristol and within access to a main railway line and airport. ***8 WEEK COMPLETION*** Location This outstanding mansion is within easy access to the City of Bristol. Located some nine miles or so to the south west of the city just off the A370, the location allows excellent transport communications.
The History of Nailsea Court ‘The House that saved England’ A former Bishop of Bath and Wells, Bishop Kennion, once described Nailsea Court as “The house that saved England”. Richard Perceval, renegade son of a former owner who was born at Nailsea Court and who crowned wild, extravagant ways by marrying a gypsy and was disowned by his father, redeemed himself. He deciphered Spanish Documents that gave Queen Elizabeth timely intelligence of the Spanish Armada invasion plans. The Queen was so grateful that she made him a Secret Remembrance and gave him a pension of 800 marks a year for the rest of his life. In 1574 Queen Elizabeth visited Bristol and tradition says that she visited Nailsea Court whilst on her journey.
SOLICITORS John May, Loosemores Solicitors
contact:
mayjl@loosemores.co.uk
£380 K SOLD
LOT 26
33, SHIELDS AVENUE, FILTON, BS7 0RR
GUIDE PRICE : £375 K +++
Filton
PROPERTY AREA 1490.6 ft 2 /138.5 m 2
Professional investment: 10 % ROI A well proportioned Freehold 1950s semi detached property (1490ft 2 ) that has been converted into an HMO style 6 bedroom investment property with off street parking and mature enclosed garden. • The property is let to professional tenants with a current income of £39,600 PA • A steady supply of professional tenants from nearby Airbus, Rolls Royce, MOD, Southmead Hospital and BAE Systems • Tenants can walk across the Green direct to Airbus which is a major pull for maintaining a high occupancy rate • The following are all included as part of the rent: Council Tax, TV Licence, Utilities, Internet, Cleaner and Gardener. • Shields Avenue is located within the popular suburb of Filton • Filton Abbey Wood Train Station is a short walk, whilst Gloucester Road North has a regular bus service to the City Centre.
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Rental Income Room 1 - £570 PCM ( Moved in 27/10/2016 ) Room 2 - £565 PCM ( Moved in 04/06/2016 ) Room 3 - £520 PCM ( Moved in 04/06/2016 ) Room 4 - £550 PCM ( Moved in 27/10/2016 ) Room 5 - £560 PCM ( Moved in 27/11/2016 ) Room 6 - £540 PCM ( Moved in 30/06/2016 )
SOLICITORS
contact:
Ana Jagota, JMW Solicitors
ana.jagota@jmw.co.uk
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