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" Hollis Morgan FEBRUARY AUCTION LOT NUMBER 12 - One bedroom FLAT on the first floor of this Edwardian Baroque property - Potential RENTAL INCOME ?9,500 pa +

FOR SALE BY AUCTION STILL AVAILABLE - SEEKING OFFERS IN EXCESS OF ?170,000

LOT NUMBER 12
Wednesday 22nd February
All Saints Church Pembroke Road, Clifton, Bristol BS8 2HY
Legal packs will be available for inspection from 18:00.
The sale will begin promptly at 19:00 WEEKLY SET VIEWING BY APPOINTMENT

*** PLEASE BUZZ THE INTERCOM FOR ACCESS AT VIEWING TIMES ONLY ***
*** ACCESS IS VIA THE GATE TO THE RIGHT HAND SIDE OF SAN CARLOS RESTAURANT ***

The property is OPEN FOR 30 MINUTES but please leave a minimum of 15 minutes to inspect the property.
Hollis Morgan would be grateful if you could arrive promptly to inspect the properties at the START of the specified times as we have scheduled viewings throughout the day and CANNOT wait for late arrivals.
You do not need to book an appointment as it is a set viewing ? simply arrive at the stated time and a member of the Hollis Morgan Auction team will take your details and show you the property.
Please note there are no viewings on Bank Holidays or on the day of the auction. SOLICITORS George Boyd-Gibbins
Cook and Co Solicitors
george.boyd-gibbins@cookco.co.uk
0117 317 9719 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.
*** 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. THE PROPERTY Flat 2, 44 Corn Street is a modern one apartment on the first floor of this charming Edwardian Baroque property.
Internally the accommodation comprises of one double bedroom, an open plan kitchen diner with lounge, bathroom and a large former safe (storage cupboard)
Security Video Entry Phone System
Residents Lift
Electric Heating
Leasehold - Residue of 999 years
Management Company - ?900 per 6 Months including Buildings Insurance
Ground Rent ?60 pa EXTENDED COMPLETION Completion is set for 6 weeks LOCATION 44 Corn Street is located ?a stone's throw? away from Bristol's best shops, cafes, bars, restaurants and nightlife. With Cabot Circus, the city's largest, most exciting retail development housing over 120 new stores within a short walk, and the excellent transport links of the M32, M4 and M5 and Bristol Temple Meads railway station on your doorstep. THE OPPORTUNITY The flat is currently let for ?675 pcm on a rolling AST agreement.
The current tenants have been in situ since 17/5/14 and we understand the current rental value is in the region of ?9,500 pa
Alternatively the flat would make a great starter home / mid week pad in this highly sought after location.
We are informed that the floorboards were once part of the SS Great Britain. RECENT SALES IN THE BLOCK Flat 5 SOLD FOR ?194,500 03 Jun 2016 which was similar in layout and one floor above. RENTAL APPRAISAL The Local Experts Clifton Rentals say;

Great flat in a great location. The successful bidder wouldn?t need to do anything internally as flat is in a fairly good condition and really couldn?t be converted in anyway. City centre is ever popular with both professional and students alike.
Rents have risen since the current tenants moved in and the successful buyer should expect between ?775 and ?795 PCM or circa ?9500 per annum.

If you have any questions or queries regarding this valuation please contact us on 0117 911 3423, 07854367689 or info@clifton-rentals.co.uk EPC For full details of the EPC please refer to the online legal pack. BUYER'S PREMIUM Please be aware all purchasers are subject to a ?750 + VAT (?900 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 be only submitted by completing the OFFER FORM which can be downloaded with the online legal pack - please email the COMPLETED form to ? olly@hollismorgan.co.uk. 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 buyer?s premium

( ?900 ) 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. 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 ?900) 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. 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 based ? Life for a Cure? as our 2017 Charity of the year which aims ?a LIFE for a CURE?, to raise funds in support of finding the ?Ultimate Vaccine? for Meningitis B. We are delighted to announce that 5 % of every buyer?s premium will be donated to ?a Life for a Cure? which was founded as both a legacy to Ryan and to help raise awareness and valuable funds in search of the ultimate vaccine. This Bristol charity run purely on a voluntary basis is simply about working together to stop other amazing young lives being lost to meningitis. - to learn more about Ryans Story and this fantastic cause please visit there website. www.ryanbresnahan.org/ In 2016 we raised ?4,000 for Bristol based housing charity ?Home Start? to learn more visit the charity section of our website - www.hollismorgan.co.uk/charity/ "