Lot 67
    Block of Apartments
    The Old Pet Shop & The Old Cottage Shop
    High Street, Bristol, Bath and North East Somerset, BS39 7QE
    Unsold. Contact the auctioneer.
     
    Number 1
    A Vacant Semi-Detached Building Arranged to Provide Seven Self-Contained One Bedroom Flats. ERV of £60,733.40 Per Annum (If Let at LHA Rate Once Refurbishment of Flats is Complete)

    Description

    The property comprises a semi-detached building internally arranged to provide seven self-contained flats over ground and two upper floors. The property requires a complete program of refurbishment.

    Tenure

    Freehold

    Location

    The property is situated on a residential road close to local shops and amenities. The open spaces of Paulton Memorial Park are within easy reach. Transport links are provided by the A39 to the west.

    Tenancy

    The LHA rate for a one bedroom property in the area is £165.85 per week (8,676.20 per annum) (source: lha-direct.voa.gov.uk). Therefore the ERV for all 7 flats is £60,733.40 per annum once the building has been fully refurbished to the required standard.

    Note

    A local estate agent has valued the flats, once fully refurbished, at circa £110,000-£120,000. A copy of this email is available upon request. Auction House London make no representations or warranties with regard to this valuation. Buyers must rely on their own enquiries. Floor plans for all of the flats are available within the legal pack.

    Accomodation Schedule

    Property Floor Accommodation
    Flat 1 Ground & First Reception Room, Bedroom, Kitchen, Bathroom
    Flat 1A First & Second Reception Room, Bedroom, Kitchen, Bathroom
    Flat 1B Ground Open Plan Reception Room/Kitchen, Bedroom, Bathroom
    Flat 1C Ground Open Plan Reception Room/Kitchen, Bedroom, Bathroom
    Flat 2 Ground Reception Room, Two Bedrooms, Kitchen, Bathroom, Courtyard
    Flat 3 First & Second Open Plan Reception Room/Kitchen, Bedroom, Bathroom, Patio Area, Private Garden with Shed
    Flat 4 First Reception Room, Bedroom, Kitchen, Bathroom, Private Garden
    For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on
    Share this lot

    Additional Fees and Disclaimer

    Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    Guides 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 a Reserve ( 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.

    Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

    Contact Our Property Experts