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Commercial Property for sale - FREEHOLD & GROUND RENTS - GL1

£30,000

For Sale

Property information

Status:
Available
Type:
Sale
Address:
Gloucester
Categories:
Commercial Properties
Features:
225,000 TOTAL INCOME, ALL SAINTS CHURCH, CLIFTON, BS8 2HY, CENTRAL GLOUCESTER, DOWNLOAD ONLINE LEGAL PACKS, FOR SALE BY PUBLIC AUCTION, FREEHOLD AND GROUND RENTS, INVESTMENT, INVESTMENT OPPORTUNITY, MAITLAND HOUSE, TUESDAY 25TH FEBRUARY 2020
Listed on:
17-01-2020

Commercial

S.O.A.


Download pdf

Description

Hollis Morgan FEBRUARY AUCTION - An INVESTMENT OPPORTUNITY to acquire the FREEHOLD AND GROUND RENTS with 225,000 INCOME at Maitland House GL1.

For Sale By Auction - LOT NUMBER TBC
Tuesday 25th February 2020
All Saints Church Pembroke Road, Clifton, Bristol BS8 2HY
Legal Pack Room and Registration will be open from 18:15
The sale will begin promptly at 19:00

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.
Follow the RED link 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.

Solicitors - Paul Harris
Hughes Paddison
01242 586852
pdh@hughes-paddison.co.uk
www.hughes-paddison.co.uk

Ground Rent - Freehold and Ground Rents for Maitland House, 17 Spa Road, Gloucester GL1 1UY

Maitland House was built circa 1820 and was designed by Thomas Rickman for Alexander Maitland, a former London merchant. In recent times the building has been best known as the Citys Registry office. In 2014 this Grade II listed building has now been converted to provide nine 1 & 2 bedroom apartments. In addition to the apartments there are a further two new build mews houses which will each offer 2 double bedrooms.

Location - Set in a central location Maitland House is conveniently placed to offer easy access to a number of amenities available in the City, Docks and Quays Designer Outlet Centre.

The Opportunity - The opportunity to acquire the Freehold and income from residue of 125 years ground rents from 2013

INCOME SCHEDULE

2014 2064
45,000 ( 9 x 100 x 50 )

2064 2114
90,000 ( 9 x 200 x 50 )

2114 2139
90,000 ( 9 x 400 x 25 )

TOTAL INCOME
225,000

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 or not 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.

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.

Pre Auction Offers - Some properties may be available to buy prior to the auction.
Pre auction offers can only be submitted by completing the OFFER FORM which can be downloaded with the online legal pack - please email the COMPLETED form to olly@hollismorgan.co.uk.
Please note offers will not be considered until you have VIEWED the property and the COMPLETE LEGAL PACK has been released.
You will be emailed a note to confirm the AUCTION PACK NOW COMPLETE and then offers can be submitted.
In the event of an offer being accepted the property will only be removed from the auction and viewings stopped once contracts have successfully EXCHANGED subject to the standard auction terms and payment of the buyers premium ( 1,200 ) to Hollis Morgan. Contracts can be signed either via the solicitors or at the Hollis Morgan offices subject to appointment.

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 - Some properties may require specialist auction finance- please contact Hollis Morgan for access to expert advice and "whole of market" rates.

Paying The Deposit & Buyers Premium - We can only accept the following at the auction:

Personal or Company Cheque
Bankers Draft
Debit Card ( NOT CREDIT CARD )

Telephone And Proxy Bidding - If you cannot attend the auction (although we strongly advise you do) you can make a TELEPHONE or PROXY BID. This authorises the auctioneer to bid on your behalf up to a pre-set limit. Forms and relevant conditions are available to download with the online legal pack. A completed form, ID and two cheques (one for the 10% deposit and one for the Buyer's Administration Fee of 1,200) are required by the Auction Department at least two full working days before the auction.

Bidding At The Auction - This property is for sale by public auction and if you intend to bid please bring the following:

Proof of identity (valid passport or photo driving licence).
Proof of address (bank statement, recent utility bill, council tax bill or tenancy agreement).
10% deposit payment.
Buyers premium payment.
Details of your solicitor.

You will need to register to bid registration will be open from 18:15
Forms can be downloaded and completed beforehand ( found in the legal pack ) or collected at the auction venue.

Auction Buyers Guide Video - We have short video guides for both buying and selling by Public Auction on the Hollis Morgan Website. If you have any further questions regarding the process please dont hesitate to contact Auction HQ.

Testimonials - We are very proud of what our past clients have say about us - please visit the Hollis Morgan website to read their testimonials.

Why Hollis Morgan? - WHY HOLLIS MORGAN?
Hollis Morgan regularly hold the largest property auctions across Bristol and the West Country from our iconic Sale Room in Clifton, since we formed in 2010 we have sold the most 's of land and property by Public Auction in the region - EVERY YEAR!
Between 2010 and 2018 we have held 51 auctions, offering 1321 lots and raising over 270k for clients across the region.
Did you know In 2018 we had the highest % success rate and sold more s of Land and Property by auction than all the other Auctioneers in Bristol & North Somerset combined!

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.

Charity Of The Year - Hollis Morgan are supporting Bristol Charity All Aboard Watersports as our 2020 Charity of the year with 5% of each Buyers premium being donated.
All Aboard Watersports strive to make it possible for everyone in the local community to join in a range of watersports and water related activities for people with physical, emotional or cognitive disabilities in the historic Bristol City Docks - www.allaboardwatersports.co.uk
In 2019 we were delighted to have raised well 10k for Bristol Zoo by supporting their Bear Wood Project at the Wild Place through events including the Hollis Morgan Opera Picnic and hosting their annual Gala Evening.
Visit the Hollis Morgan Charity page of our Website for further details - www.hollismorgan.co.uk/charity




Disclaimer

Property reference: 2349503_29395382

The information exhibited about this property relates to a property listing advertisement. Commercial People Ltd makes no assurances as to the accurateness or completeness of the said advertisement or any connected or associated information. Commercial People Ltd has no control over the content of the advertisement. This property advertisement does not constitute property particulars. All information is provided and maintained by Hollis Morgan. In the event of any discrepancies, we ask that you please contact the selling agent or developer directly.

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Hollis Morgan
Bristol,
BS8 4BT,
GB

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Property reference: 2349503_29395382

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