St. Werburghs Park, St Werburghs, Bristol

Property Details: • Type: Block of Apartments • Tenure: N/A • Floor Area: N/A

Key Features: • 13 February LIVE ONLINE AUCTION • Period terraced property for updating • Arranged as 2 x 1-bedroom flats • Superb investment/break-up opportunity • Highly sought after location in St Werburghs • 6-week completion

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 60 Northumbria Drive, Henleaze, Bristol, BS9 4HW

Full Description: 2 x 1-BEDROOM FLATS FOR RENOVATIONA mid-terraced period building arranged as two self contained one-bedroom flats, situated on the popular St Werburghs Park in the heart of St Werburghs. The property is in need of refurbishment and will appeal to builders and developers looking for a project. Once renovated, the flats offer superb rental potential as a retained investment or could be sold off separately.For Sale By Auction - This property is due to feature in our online auction on 13 February 2025 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.Viewings - By appointment.Summary - FREEHOLD PROPERTY ARANGED AS 2 x 1-BEDROOM FLATS FOR RENOVATIONDescription - A mid-terraced period building arranged as two self contained one-bedroom flats, situated on the popular St Werburghs Park in the heart of St Werburghs. The property is in need of refurbishment and will appeal to builders and developers looking for a project. Once renovated, the flats offer superb rental potential as a retained investment or could be sold off separately.Location - The property is situated on St Werburghs Park off Mina Road St Werburghs. A wide range of local amenities including shops and restaurants are easily accessible and Eastville Tesco Extra is within a 15 minute walk. Excellent transport links are provided in and out of the city via the M32.Schedule Of Accommodation - GROUND FLOOR FLAT - Comprising a living room, double bedroom, kitchen, bathroom and garden.FIRST FLOOR FLAT - Comprising a living room, double bedroom, kitchen and bathroom.Please refer to floorplan for approximate room measurements and internal layout.Rental / Break-Up Values - Following the refurbishment of both flats, we would anticipate the following rental and sales values:GROUND FLOOR FLAT: £1,250 PCM / £250,000FIRST FLOOR FLAT: £1,150 PCM / £220,000TOTAL: £28,800 PA / £470,000Tenure - Understood to be Freehold, please refer to the legal pack for confirmation.Completion - Completion for this lot will be 6 weeks from exchange of contracts or sooner by mutual agreement.Energy Performance Certificate (Epc) - Rating:Flat 63A - CFlat 63B - DAuction Or Bridging Finance Required? - Do you need a mortgage or loan quickly? Maggs & Allen have specialist Independent Brokers who can arrange residential and commercial finance on all types of property. Contact the Auction Team today to be put through to our mortgage and loan experts on or email Buyer's Premium - Please be advised that all purchasers are subject to a £1,500 plus VAT (£1,800 inc VAT) buyer’s premium payable upon exchange of contracts.*Guide Price - Guide Prices 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 Reserve Price (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.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.Proxy, Telephone & Online Remote Bidding - The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which is available to download from our website. The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.Preliminary Deposits - The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:£1,000 - £150,000: £5,000£151,000 and above: £10,000If you bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,800 inc VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you within 5 working days.Rental Estimates - All rental estimates are provided in good faith. They should be verified by your own professional advisors prior to a commitment to purchase.BrochuresSt. Werburghs Park, St Werburghs, Bristol