5 bedroom end of terrace house

FOR SALE BY LIVESTREAM AUCTION - 20th December 2023
5 Bed HMO offering 10% gross annual yield based on the lower end of the guide price.

A high yielding investment property arranged as a 5 bedroom HMO offering a 10% gross annual yield based on the lower end of the guide price.

This is a two storey Victorian bay fronted end of terrace house, situated on a corner site at the junction of Beaufort Road and Sherbourne Street and has a courtyard style rear garden with access from Sherbourne Street.

The house is arranged as a 5 bedroom House in Multiple Occupation (HMO). The accommodation briefly comprises two self contained studio/bedsits and communal kitchen on the ground floor with 3 bedrooms and a bathroom on the first floor. The property is currently let at £- per annum. The property is generally in good letting condition and benefits from double glazing.

The property offer opportunity for further development and benefits from historic planning permission to convert into 2 self contained flats.

The property is situated opposite Avon View Cemetery with local amenities available on Church Road (the A420) a short walk away. Bristol City Centre which offers amenities on a regional scale is approximately 2.2 miles away via the A420 with excellent public transport links including rail link to Bristol Temple Meads.

Accommodation Overall gross internal area approximately 112 m2.
Ground Floor Entrance Hall: Front door and door to side aspect. Staircase rising to first floor.

Studio/Bedsit One: (Front) 4.35m into bay x 4.71m Comprising a bedsit room with kitchenette with inset sink and hob. En Suite Shower Room: (included in room measurements).


Studio/bedsit Two: (Rear) 4.35m x 3.68m Bedsit room with kitchenette comprising sink with hob. En Suite Shower Room: (excluded in room measurements).

Kitchen: (Rear) 3.36m x 2.65m Modern wall and floor units, built in oven and hob. Cupboard with wall hung gas fired combination boiler.
First Floor ‘L’ Shaped Landing:
Room Three: (Front) 4.42m x 3.54m
Room Four: (Rear) 2.97m x 4.41m
Room Five: (Front) 3.50m x 2.24m
Bathroom: (Rear & Side) Suite of wc, wash hand basin, bath and separate shower enclosure.
Outside On the outside there is a rear garden approximately 7.6m x 5m level and laid in a courtyard style with vehicular access to Sherbourne Street.
HMO License The has the benefit of a Mandatory Licence from 21/07/2023 – 20/07/28 for 7 occupants forming 3 households.
Tenancy Details All tenancies are periodic and holding over from their original terms. We are advised by the letting agents there may be some rent arrears. Please refer to the legal pack for further details. We understand that rooms 3-5 are let to the same family.

Studio/bedsit 1: Let at £695.02 pcm from 05/05/2020
Studio/bedsit 2: Let at £800 pcm from 12/05/2023
Room 3: Let at £700 pcm from 15/09/2022
Room 4: Let at £700 pcm from 15/09/2022
Room 5: Let at £640 pcm from 15/09/2022

Total rent £42,420.24
Planning History Conversion of existing single dwellinghouse to 2 no. self-contained flats.
Ref. No: 05/00206/F | Status: GRANTED subject to condition(s)

Erection of a two storey building to provide a one bedroom maisonette.
Ref. No: 19/02858/F | Status: Application REFUSED
Viewings A schedule of open house viewings will be released shortly. Please contact us to book in.
For Sale by Live Stream Auction on 20th December 2023 In order to take part you must complete the registration form and return it together with two forms of ID. You will then be able to bid from the luxury of your own home either over the internet, by phone or by proxy. Please note the auctioneers have made their best endeavours to disclose all additional fees. Interested parties should refer to the special conditions of sale contained in the Legal Pack for any late amendments or additions to these fees as well as the auction day addendum sheet prior to bidding.
Legal Pack A full auction legal pack can be downloaded once available. For further information on the other lots in this auction please visit the website.

Tenure: Freehold

EPC Rating: D

Terms:
Guide Prices & Reserves
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.

Additional Fees
Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.

Plans, Maps and Photographs
The plans, floorplans, maps, photograph’s and video tours published on our website and in the catalogue are to aid identification of the property only. The plans are not to scale and should not be relied upon.

Consumer Protection Regulations 2008
City & Rural Property Auctions 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 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.

Anti Money Laundering Regulations.
Intending buyers will be asked to produce identification documentation either as part of the bidder registration process of if they make an acceptable pre-auction offer, we would ask for your co-operation in order that there will be no delay in agreeing the sale.