Planning Granted - Gdv ?

*** SOLD PRIOR TO AUCTION *** Hollis Morgan MAY AUCTION LOT NUMBER 26 - Planning GRANTED to convert this landmark FORMER LIBRARY into 22 FLATS, DUPLEX'S AND TOWNHOUSES comprising 15,392 Sq Ft with a GDV of ?3.5m

FOR SALE BY AUCTION

*** SOLD PRIOR TO AUCTION ***GUIDE PRICE ?500,000 +++SOLD PRIOR @ ?580,0000LOT NUMBER 26Wednesday 23rd May 2018All Saints Church Pembroke Road, Clifton, Bristol BS8 2HY Legal packs will be available for inspection from 18:00. The sale will begin promptly at 19:00

SOLICITORS

David Curwen Barcan+Kirby 199a Whiteladies Road, Bristol, BS8 2SB0117 914 [email protected]

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. *** 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.

THE PROPERTY

This Landmark Grade II listed property was built to commemorate Queen Victoria s Diamond Jubilee by local architects Hans Fowler Price and was formally opened on the 3rd of September 1900.The renaissance style property is arranged over ground and three upper levels and benefits from parking spaces to the rear of the building. Internally the accommodation offers high floor to ceiling heights, carpeting throughout, a mixture of timber frame and UPVC windows, passenger lift and Kitchen / WC facilities.Freehold property sold with vacant possession.

LOCATION

This important landmark building is located on the Boulevard, in Weston-super-Mare town centre. The building is approached via Milton Road which links on to Locking Road providing direct access from Junction 21 of the M5 motorway. Weston-super-Mare railway station is approximately 0.5 miles to the south and Bristol International Airport is around 15 miles to the north east. The building is conveniently located within close proximity of a wide range of local amenities situated within Weston town centre.

THE OPPORTUNITY

DEVELOPMENT OPPORTUNITYPlanning has been granted to convert the property into a residential scheme of 22 units with a GDV of ?3.575m Please refer to online legal pack for further details and to download the planning information.

SCHEDULE AND GDV

UNIT/ TYPE/ BEDS/ Sq Ft - VALUEGROUND FLOOR G-01 Duplex / 1 bed / 818 Sq Ft - ? 180,000G-02 Flat / 2 bed / 667 Sq Ft - ? 175,000G-03 Flat / 1 bed / 517 Sq Ft - ? 130,000G-04 Flat / 1 bed / 538 Sq Ft - ? 130,000GR-01 House / 3 bed / 1399 Sq Ft - ? 250,000GR 02 Duplex / 1 bed / 667 Sq Ft - ? 150,000GR-03 Duplex / 1 Bed / 549 Sq Ft - ? 140,000 FIRST FLOOR FF-05 Flat / 2 bed / 667 Sq Ft - ? 165,000FF-06 Flat / 1 bed / 517 Sq Ft - ? 130,000FF-07 Flat 1 / bed / 538 Sq Ft - ? 130,000SECOND FLOOR SF-08 Flat / 1 bed / 732 Sq Ft - ? 145,000SF-09 Flat / 2 bed / 667 Sq Ft - ? 165,000SF-10 Flat / 1 bed / 517 Sq Ft - ? 130,000SF-11 Flat / 1 bed / 517 Sq Ft - ? 130,000SR-04 Flat / 2 bed / 743 Sq Ft - ? 145,000SR- 05 Flat / 2 bed / 624 Sq Ft - ? 130,000 THIRD FLOOR TF-12 Flat / 2 bed / 893 Sq Ft - ? 185,000TF-13 Split / 3 bed / 1023 Sq Ft - ? 195,000TF 14 Split / 2 bed / 840 Sq Ft - ? 185,000TF 15 Flat / 1 bed / 592 Sq Ft - ? 130,000TR-06 Flat / 2 bed / 743 Sq Ft - ? 165,000TR-07 Flat / 2 bed / 624 Sq Ft - ? 160,000Parking Space 7 x ?10,000 ? 70,000 TOTAL 15,392 Sq Ft ?3,575,000

PLANNING GRANTED

Application No: 16/P/0507/FApplicant: Land & Buildings LtdSite: Weston-super- Mare Library, Boulevard, Weston-super-Mare, BS23 1PLDescription: Conversion of Central Library to 22no.residential apartments to include , demolition of the single storey extensions, blocked windows reinstated, new and extended openings, erection of an extension at third floor level to create a fourth floor, new bay addition to east elevation and new rear facade

LISTED BUILDING CONSENT

Application No: 16/P/0503/LBApplicant: Land & Buildings LtdSite: Weston-super- Mare Library, Boulevard, Weston-super-Mare, BS23 1PLDescription: Conversion of Central Library to 22no.residential apartments to include demolition of the single storey extensions, blocked windows reinstated, new and extended openings, erection of an extension at third floor level to create a fourth floor, new bay addition to east elevation and new rear facade

EPC

For full details of the EPC please refer to the online legal pack.

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.

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.

PRE AUCTION OFFERS

PRE AUCTION OFFERSSome properties may be available to buy prior to the auction. Pre auction offers can be only submitted by completing the OFFER FORM which can be downloaded with the online legal pack - please email the COMPLETED form to [email protected] note offers will not be considered until you have VIEWED the property and the COMPLETE LEGAL PACK has been released. 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 buyer s 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.

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.

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.

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 don t hesitate to contact Auction HQ.

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 2017 we have held 45 auctions, offering 1135 lots and raising over ?225m for clients across the region Did you know .Hollis Morgan sold more ??? s of land and property by auction than all the other Bristol Auctioneers combined in 2017 with over ?49m of successful sales!

TESTIMONIALS

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

CHARITY OF THE YEAR

Hollis Morgan are supporting Bristol charity based Off the Record! as our 2018 charity of the year with 5% of each buyers premium donated to help provide free and confidential mental health support and information to young people aged 11-25 in Bristol - www.otrbristol.org.uk In 2017 we were delighted to be involved in raising ?30,000 over 3 events for the Life for a cure Bristol based meningitis charity - www.ryanbresnahan.org Visit the Charity page of our Website for further details - https://www.hollismorgan.co.uk/charity/