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£275,000

Development Opportunity Central Bath, BA2

  • 3 beds
Flat

£275,000

  • 3 beds
Flat
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Estimate monthly mortgage payment:

£1,255 per month

Minimum deposit amount:

£13,750
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Hollis Morgan MAY LIVE ONLINE AUCTION A Freehold DEVELOPMENT OPPORTUNITY in CENTRAL BATH comprising 3 VACANT UPPER FLOORS ( 1651 Sq Ft ) with huge potential STP.

FOR SALE BY LIVE ONLINE AUCTION

ADDRESS 14 - 15 Argyle Street, Bathwick, Bath BA2 4BQ Lot Number TBCThe Live Online Auction is on Wednesday 14th May 2025 @ 17:30Registration Deadline is on Monday 12th May 2025 @ 16:00The Auction will be streamed LIVE ONLINE via the Hollis Morgan website & you can chose to bid by telephone, proxy or via your computer.Registration is a simple online process please visit the Hollis Morgan auction website and click REGISTER TO BID

VIEWINGS

Please submit a viewing request online and we will contact you to organise an appointment.We will send you an email and text to confirm the appointment time and the full property address.Viewings are supervised by a member of the Hollis Morgan Auction team who will meet you at the property.*Please note access is only available to the upper floors and not the commercial ground floor units.

PRE AUCTION OFFERS

On this occasion the vendors will NOT be considering pre auction offers.

THE PROPERTY

The Freehold title encompasses all elements of the Grade II Listed 14 - 15 Argyle Street in central Bath. The lot comprises the vacant upper 3 floors ( 1651 Sq Ft ) of 15 Argyle Street which were most recently occupied as offices but now vacant. Please note the remaining elements of the Freehold are sold subject to long term leases - please refer to online legal pack.Tenure - Freehold EPC - TBCUtilities, Rights & Restrictions - Please refer to the Legal Pack Flood Risk - Please refer to the Legal Pack

THE OPPORTUNITY

DEVELOPMENT OPPORTUNITY CENTRAL BATHThe upper floors offer a wide range of residential and commercial development opportunities. There is potential for 3 x 1 bed flats or a combination of flats and maisonettes or a larger single dwelling. Interested parties to make their own enquiries. All above subject to gaining the necessary consents.

VAT

Please note VAT is payable on the purchase price

RENTAL APPRAISAL

What rent could be achieved?Aspire To Move have extensively reviewed the property and similar listings in the area. The property is in need of refurbishment and our figures are based on the work being completed. With our knowledge of the local market, and considering the current market conditions we would estimate the property could achieve a rental figure in the region of: If a 1 bed flat - ?1,300 PCM If a 2 bed flat - ?1,500 PCMIf a 3 bed flat ?1,800 PCM If you would like to discuss this in more detail, then please do not hesitate to contact me on 01225 444333 or email me [email protected] will look forward to hearing from you.Yours faithfully,Rachel [email protected] 444333

LOCATION

Situated between the fountain at Laura Place and Robert Adam's iconic Pulteney Bridge, Argyle Street is surrounded by illustrious neighbours and can rightfully claim a place at the very heart of Georgian Bath. The recreation ground and Bath Rugby Club is located nearby (at the end of William Street) and the neatly manicured gardens of Henrietta Park or the more formal Sydney Gardens can be enjoyed in the locality. A short walk to the city centre, offering an array of cultural and leisure facilities with some of the finest shops and restaurants to be found outside London. Bath Spa train station allows access to London Paddington and the M4 (Junction 18) is approximately 10 miles distant. There is an excellent range of schools in both the public and state sector. Bath is one of only three UK World Heritage Cities and this property is ideally placed to walk into Bath and enjoy all it offers including The Theatre Royal and Bath Festivals Trust, providing an eclectic programme of events over the year.

SOLICITORS & COMPLETION

Ewan KilgourDavies & Partners01454 611 [email protected]://daviesandpartners.comEXTENDED COMPLETION Completion is set for 8 weeks or earlier subject to mutual consent.

IMPORTANT AUCTION INFORMATION

ONLINE LEGAL PACKSDigital 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.Press the GREEN button 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.BUYER S PREMIUMPlease be aware all purchasers are subject to a ?1,500 + VAT (?1,800 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 PRICEAn 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 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 PRICEThe 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.REGISTRATION PROCESSThe registration process is extremely simple visit the Hollis Morgan auction website and click on the Register to Bid button.The Register to Bid button can be found on the auction home page or on the individual lot listings.Please note this function is not available on Rightmove or Zoopla.Stage 1 Complete the Online Bidding FormStage 2 Upload your certified IDStage 3 Invitation to bidStage 4 Pay your security deposit (?6,800)You are now ready to bid Good luck!If your bid is successful, the balance of the deposit monies must be transferred to our client account within 24 hours of the auction sale.If you are unsuccessful at the auction your holding deposit will be returned within 48 hours.SURVEYS AND VALUATIONSIf 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 & BRIDGING LOANSSome properties may require specialist auction finance- please contact Hollis Morgan for access to expert advice and whole of market rates from our independent brokers.Hollis Morgan may receive introductory fees for this service from the broker.AUCTION BUYER S GUIDE VIDEOWe 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.2025 CHARITY OF THE YEARHollis Morgan is supporting Uncle Pauls Chilli Charity empowering socially disadvantaged people with barriers to learning &/or disabilities based in Butcombe, North Somerset, our land overlooks the Mendip Hills and Blagdon lake. There are three main areas of focus at Uncle Paul s Chilli Charity Education, Wellbeing and Social Prescribing visit www.chillicharity.org.uk/ for more details or the Hollis Morgan Charity Page of our website.AUCTION PROPERTY DETAILS DISCLAIMERHollis 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.

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