* Freehold
* For sale by online auction
* Wednesday 14th February 2024
* Video tour now online
* Viewings - refer to details
* Legal pack complete
* Sold prior to auction
* Freehold mixed use property
* Retail unit | 3 self contained flats
* Fully let - £33, 424 pa
* Extended 8 week completion
Hollis Morgan – February live online auction – A Freehold mixed use property (
2858 Sq Ft ) comprising retail unit and 3 X flats producing £33, 424 pa all now
in need of basic updating.
**For Sale By Live Online Auction**
*** sold prior to auction ***
guide £215, 000 +++
sold @ £295, 000
address | 194 Lawrence Hill, Lawrence Hill, Bristol BS5 0DR
Lot Number 34
The Live Online Auction is on Wednesday 14th February 2024 @ 17: 30
Registration Deadline is on Monday 12th February 2024 @ 16: 00
The Auction will be streamed live online via the Hollis Morgan website & you
can chose to bid by telephone, proxy or via your computer.
Registration is a simple online process – please visit the Hollis Morgan
auction website and click “register to bid”
**Viewings
**
Please submit a viewing request online and we will contact you to organise an
appointment.
We will send you an email and text to confirm the appointment time and the
full property address.
Viewings are supervised by a member of the Hollis Morgan Auction team who will
meet you at the property.
**Extended completion
**
Completion is set for 8 weeks or earlier subject to mutual consent.
**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.
Press the green button 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.
There will be a note added to the list to confirm auction pack now complete
when no further information is due to be 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.
**EPC
**
For full details of the EPC please refer to the online legal pack.
**Legal Pack Complete**
We have been informed by our client’s solicitors that the legal pack for this
lot is now complete.
Should any last minute addendums occur you will be automatically notified by
email.
If the vendors have indicated they are willing to consider pre - auction offers,
now is the time to submit your offer by completing the pre - auction offer form.
**The Property**
A Freehold mixed use property occupying a prominent position on this
established trading position.
The property has accommodation ( 2858 Sq Ft ) over 3 floors plus basement
comprising
Retail Unit - Ground Floor and Basement Trading as Kebab Takeaway
Flat A - Top Floor 2 Bedroom maisonette
Flat B - Ground Floor 1 Bedroom Flat
Flat C - First Floor 2 Bedroom Flat
Sold subject to existing tenancies.
**Location**
The property is situated in the heart of Lawrence Hill and boasts excellent
transport links providing easy access to the M32 and the nearby Lawrence Hill
train station. The property benefits from a wide range of local shops, cafes
and supermarkets that serve the local community both on Church Road and Old
Market whilst the City Centre and Cabot Circus are within 1 mile.
**The Opportunity**
Mixed use investment | £33, 424 pa
The property is fully let for 4 sets of tenants;
Retail Unit – Commercial Lease from February 2019 up to September 2024 he pays
960 per month with 1 month a year at half rent due to ramadan – we are
informed no arrears
Flat A – AST @ £700 pcm
Flat B – AST @ £475. 40 every 4 weeks paid by Bristol city council housing
department – We are informed no arrears
Flat C – AST @ £650 pcm – We are informed no arrears
Please refer to online legal packs for copies of the leases etc.
Basic updating | increase rents
The flats would benefit from some basic updating and there is scope to
increase the rental income subject to these works being completed.
**Solicitors**
Alex Rossiter
Wards
**Material Information**
Tenure - Freehold
Council Tax -
_EPC_ \ - D, E, G
Utilities, Rights & Restrictions - Please refer to the Legal Pack
Flood Risk - Please refer to the Legal Pack
**Important Auction Information**
Important auction information
buyer’s premium
Please be aware all purchasers are subject to a £1000 + VAT (£1, 200 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 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 vendors are willing to consider offers prior to the auction.
Pre auction offers can only be submitted by completing the online pre auction
offer form
The form can be found on the Hollis Morgan website on the individual auction
property listing.
Please note offers will not be considered until you have inspected the
complete legal pack once it has been released.
There will be a note added to the list to confirm auction pack now complete
when our client’s solicitor informs us no further information is due to be
added.
In the event of an offer being accepted the property will only be removed from
the online auction and viewings stopped once contracts have successfully
exchanged subject to the standard auction terms and payment of the buyer’s
premium (£1000 + VAT) to Hollis Morgan.
Contracts can be exchanged via the solicitors or at the Hollis Morgan offices
by appointment only.
**Registration process**
The registration process is extremely simple – visit the Hollis Morgan auction
website and click on the “Register to Bid” button.
The “Register to Bid” button can be found on the auction home page or on the
individual lot listings.
Please note this function is not available on Rightmove or Zoopla.
Stage 1 – Complete the Online Bidding Form
Stage 2 – Upload your certified id
Stage 3 – Invitation to bid
Stage 4 – Pay your security deposit (£6, 200)
You are now ready to bid – Good luck!
If your bid is successful, the balance of the deposit monies must be
transferred to our client account within 24 hours of the auction sale.
If you are unsuccessful at the auction the hold placed on your card will be
lifted.
**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.
**Auction finance & bridging loans**
Some properties may require specialist auction finance - please contact Hollis
Morgan for access to expert advice and whole of market rates from our
independent brokers.
Hollis Morgan may receive introductory fees for this service from the broker.
2024 charity of the year
Hollis Morgan is supporting The Malcolm Gunter Foundation as our 2024 Charity
of the year with a % of each Buyers premium being donated.
In 2018 Malcolm Gunter passed away from Motor Neurone Disease - In his memory,
mgf has raised over £200, 000 and provided support and grants for many local
people living with and affected by mnd.
100% of all monies raised will be utilised in supporting sufferers of mnd with
their physical and emotional needs, and research into the disease .
Visit the Hollis Morgan Charity Page of our website for further details
**Auction property details disclaimer**
Hollis Morgan endeavour to make our sales details clear, accurate and reliable
in line with the Consumer Protection from Unfair Trading Regulations 2008 but
they should not be relied on as statements or representations of fact, and
they do not constitute any part of an offer or contract. All Hollis Morgan
references to planning, tenants, boundaries, potential development, tenure etc
is to be superseded by the information contained in the legal pack. It should
not be assumed that this property has all the necessary Planning, Building
Regulation, or other consents. Any services, appliances and heating system(s)
listed have not been checked or tested. Please note that in some instances the
photographs may have been taken using a wide - angle lens. The seller does not
make any representation or give any warranty in relation to the property, and
we have no authority to do so on behalf of the seller.

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