Property description

For sale by Conditional Online Auction - Auction Ends __/02/2016 12:00. This is a purpose built garden flat with two double bedrooms, one with en-suite, and open plan living space. The property also has an allocated parking space. Ideal for first time buyers and investors. Likelhy to rent for circa £750 PCM generating a gross annual return in the region of 6%.

Description
Approximately 10 years old this is a ground floor flat in a purpose built block. The property offers open plan living space, 2 double bedrooms, one with ensuite and family bathroom. There is access from the living the room to the communal back garden which has access to Clarence Road. The property is ideal for both first time buyers and investors alike. It is currently tenanted at £x PCM although will be sold with vacant possession. It should be noted that this is a historic rent and is likely too relet in the current market at circa £750 PCM. The property is for sale by Conditional Online Auction - Auction Ends __/02/2016 12:00

Situation
The property is situated in a modern development located between Speedwell Road and Lodge Causeway bordering Barton Fields. Local shopping facilities can be found nearby on Lodge Causeway while a more comprehensive range of facilities can be found on Regent Street in Kingswood.

Accommodation

Entrance
The property is approached from Hollybrook Park via a communal entrance hallway leading to the front door of the appartment

Hallway
Once in the property there is a hallway with doors to accommodation and large storage cupboard with hotwater tank.

Living Space - 19' 2'' (max) x 12' 11'' (5.84m (max) x 3.94m)
Large open plan living space with fully fitted kitchen. The kitchen comprises a range of floor and wall units, stainless steel sink and drainer, built in oven and hob with stainless steel extractor hood over. From the living space there are double doors leading to the communal back garden.

Bedroom 1 - 11' 2'' x 10' 6'' (3.41m x 3.20m)
A large double bedroom with built in wardrobes and en-suite shower room,.

Bedroom 2 - 11' 2'' x 8' 8'' (3.41m x 2.64m)

Family Bathroom
With white suite comprising panelled bath, WC and pedestal wash basin

Outside
To the rear of the property is a communal back garden with raised deck area immediately outside the double doors from the living room.In addition there is an allocated parking space

Council Tax Band
Tax Band B

Service Charge & Ground Rent
The property is subject to a twice yearly service charge of £735.41 (subject to variation) and a annual ground rent of £200.

Tenure
Leasehold residue of 125 year lease from 1st January 2005

Online Auction
This property is being sold by Online Conditional Auction - auction ends Friday __February 2016 12:00 noon. Offers to purchase made prior to the closing of the auction are welcome, please contact the auctioneer. To bid visit: www.auctionhousebristol.co.uk

Buyer's Premium
The successful purchaser is liable to pay the buyer's premium of £1,200 (£1000 + VAT)

Auction Pack & Admin Fee
The Auction Pack includes Personal Local Search, Water & Drainage Search, Coal Mining Search and Office Copy Entries including a copy of the lease. Please note the purchase will be responsible to pay an Auction Admin Fee of £350 inc VAT.

*Guide Prices
*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.

The Benefits of Buying by Online Conditional Auction
There are many benefits of buying by Online Conditional Auction many of which will appeal and apply to you. It is by understanding them that the attraction of the Online Conditional Auction process will become clear. Here are the 6 main benefits of buying via Online Conditional Auction.

I. Exclusive Period to Buy
Conditional Auction provides you as a buyer with the opportunity to gain the exclusive right to proceed uncontested in the acquisition of a property that you desire. This period of exclusivity is for a defined period of 28 days, allowing you time to exchange legal contracts

2.Certainty of Success
If you are the winning bidder no one will be able to gazump you during your exclusive Option to Purchase period; if the seller changes their mind to sell during the period of exclusivity you will receive your deposit back in full.

3.Speed
If you want to buy a property via our online auction the process is quick and easy. The auction is run over a fixed time period of typically 21 days, this provides the opportunity for you to view and undertake initial due diligence having reviewed the auction pack. If you are the successful bidder you will have typically 28 days to exchange contracts.

4. Property Types to Buy
Auction House Online auctions are aimed at enabling the sale of mortgageable condition residential flats, houses & bungalows. Suitable residential properties should be of conventional construction and ideally be vacant, tenanted or owner occupied.

5.No Hidden Surprises
Auction House, as the UK's no. I property auctioneer prides itself on transactional transparency and clearly sets out terms, conditions and costs associated with your purchase so you can be confident when budgeting for your purchase.

6.Level Playing Field
Everyone has a fair chance at Online Auction; you control your destiny via the open bidding system from the comfort of your armchair, avoiding the growing trend of sealed bids.

How it Works
Bidding for properties online works in a similar fashion to eBay. You can place bids using your PC, tablet or mobile phone and the minimum amount you can bid is defined by the 'bid increment' level.When you place a bid, the property listing page will show you if your bid was successful and whether or not you are the highest bidder. When you are the highest bidder on a property, if another· bidder outbids you the system will notify you by email so that you can place another bid if you wish.The major difference from eBay is that our system eradicates sudden death 'bid sniping' through the use of auction 'extension times'.

Property Features :

• For sale by Online Auction on TBA
• Garden flat in purpose built block
• 2 double bedrooms, one with ensuite
• Open plan living space
• Family Bathroom