Block of Apartments
The property comprises a detached block of 9 flats with two entrances, 1251 Bristol Road South comprises 6 flats (2 on each floor) and 1253 comprises 3 flats (1 on each floor). To the rear of the block there are communal grounds and a block of 9 garages. 4 of the garages have been sold on Long Leases and 5 garages are currently vacant.
Flat 1 - Not applicable, Long Leasehold.
Flat 2 - Hall, Reception Room, Kitchen, Two Bedrooms, Bathroom/WC.
Flat 3 - Hall, Reception Room, Kitchen, Two Bedrooms, Bathoom/WC.
Flat 4 - Hall, Reception Room, Kitchen, Two Bedrooms, Bathroom/WC.
Flat 5 - Hall, Reception Room, Kitchen, Two Bedrooms, Bathroom/WC.
Flat 6 - Not applicable, Long Leasehold.
Flat 1 - Not applicable, Long Leasehold.
Flat 2 - Not applicable, Long Leasehold.
Flat 3 - Not applicable, Long Leasehold.
9 Garages.
We understand the property is Freehold and is being sold subject to the existing tenancies.
1251 Bristol Road South:
Flat 1 - The property is subject to a Lease for a term of 150 years from 19th December 1989, subject to a peppercorn ground rent. Included within the Lease is garage no. 2.
Flat 2 - Let on an Assured Shorthold Tenancy, at a rental figure of £550 per calendar month exclusive - £6,600 per annum.
Flat 3 - Let on an Assured Shorthold Tenancy, at a rental figure of £525 per calendar month exclusive - £6,300 per annum.
Flat 4 - Let on an Assured Shorthold Tenancy, at a rental figure of £535 per calendar month exclusive - £6,420 per annum.
Flat 5 - Let subject to a Regulated Tenancy, at a rental figure of £398.66 per calendar month exclusive - £4,783.92 per annum.
Flat 6 - The property is subject to a Lease for a term of 100 years from 29th September 2010, subject to a ground rent of £100 per annum, escalating every 25 years.
1253 Bristol Road South:
Flats 1, 2 & 3 - These properties are each subject to a Lease for a term of 150 years from 19th December 1989, subject to a peppercorn ground rent. Garage 4 is included with Flat 1, garage 8 is included with Flat 2 and garage 1 is included with Flat 3.
External viewings only.
Freehold. Subject to tenancy.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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