Maldowers Lane, Bristol

An excellent investment opportunity is being presented with these 2 apartments we are selling as one lot (which includes the Freehold). 1 X 2 bedroom apartment (First floor) and 1 x 2 bedroom apartment (Ground floor) with a private garden. The ground floor apartment is currently tenanted.

This excitement investment opportunity for new and existing landlords comprises 2 apartments being sold with the freehold. Downstairs is a 2 bedroom apartment with a private garden and upstairs is a 2 bedroom apartment which has recently been refurbished by the current owner. The ground floor apartment is currently tenanted and is generating a healthy yield. The first floor apartment was tenanted out until the end of 2023 and the vendor has held off of re-letting as he wanted to refurbish the apartment prior to bringing the property to market.
The area in which they are situated is very popular with potential tenants as it provides excellent access to the centre of Bristol, local shops, amenities and major bus routes, motor links and railway stations.

*** AGENTS NOTE: THE VENDOR HAS ADVISED US THAT THE TENANT OF THE GROUND FLOOR APARTMENT WILL BE VACATING AT THE END OF THE NOTICE PERIOD WHICH HAS NOW BEEN GIVEN***

*** Our vendor has advised us that the land immediately to the front of the building belongs to the property aswell ***
*** please call 0117 9 353 013 to book your viewing ***


Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.


Entrance
Door to communal entrance hall with separate doors to ground floor flat and first floor flat,

Ground Floor Flat


Living Room
18' x 10' 4" ( 5.49m x 3.15m )
UPVc double glazed window to the front aspect, radiator, feature fire surround.

Kitchen/Breakfast
8' 2" x 6' 5" min ( 2.49m x 1.96m min )
Comprising a range of wall and base units with a stainless steel sink unit with mixer tap over.

Bed 1
16' 4" x 10' 4" ( 4.98m x 3.15m )
UPVc double glazed window to the front aspect, radiator.

Bed 2
8' 2" x 6' 5" min ( 2.49m x 1.96m min )
UPVc double glazed window to the front aspect, radiator.

Bathroom
Comprising paneled bath, pedestal wash hand basin, low level wc, part tiled walls.

Outside
Enclosed courtyard rear garden for the use of the ground floor flat only.

Upstairs Flat
Accessed from the communal entrance with stairs to the first floor entrance

Hallway


Living Room
14' 9" x 11' 2" ( 4.50m x 3.40m )
x2 UPVc double glazed windows to the front aspect, louvre fronted cupboard, radiator,

Kitchen
15' 7" x 11' 2" ( 4.75m x 3.40m )
UPVc double glazed window to the rear aspect, range of wall and base units with worktops over incorporating a single drainer stainless steel unit, plumbing for an automatic washing machine.

Bedroom 1
15' 7" x 11' 1" ( 4.75m x 3.38m )
x 2 UPVc double glaze windows to the front aspect, radiator.

Bedroom 2
10' 2" x 8' 8" ( 3.10m x 2.64m )
UPVc double glazed window to the rear, radiator.

Bathroom
Comprising paneled bath with independent electric shower over, wash hand basin, low level wc, UPVc double glazed window to the rear aspect, part tiled walls.