18 bedroom flat for sale

Hollis Morgan NOVEMBER LIVE ONLINE AUCTION - Freehold MIXED USE INVESTMENT ( 11,912 Sq ft ) comprising 3 x 6 BED HMO plus 2 x RETAIL UNITS ?185,840 pa INCOME with scope to increase to ?204,840 pa Scope for EXTRA 3 X 6 BED FLATS stcFOR SALE BY LIVE ONLINE AUCTIONADDRESS 1 - 3 Old Church Road, Clevedon, North Somerset BS21 6LZLot Number TBC*** PLEASE NOTE NEW AUCTION START TIME - NOW 12:00 ***The Live Online Auction is on Wednesday 19th November 2025 @ 12:00 NoonRegistration Deadline is on Friday 14th November 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 THE PROPERTYA Freehold mixed use investment located in a prime trading spot in the heart of the popular coastal town of Clevedon. The property ( 11,912 Sq Ft ) was completed in 2023 and is arranged over two floors comprising two self contained retail units on the ground floor and 3 purpose built self contained 6 bedroom HMO licensed apartments on the first floor with roof terrace.Sold subject to existing tenancy agreements. Tenure - Freehold Council Tax - Flat 1 & 2: D, Flat 3: CEPC - Flat 1, 2 & commercial : BSCHEDULE OF ACCOMODATIONRetail Unit 1 3556 Sq. FtRetail Unit 2 860 Sq. FtFlat 1 6 bedrooms 1525 Sq. Ft First Floor Open Plan Kitchen Diner / Living 3 Ensuite Bathrooms 1 Off Suite Bathroom Flat 2 6 bedrooms 1696 Sq. Ft First Floor Open Plan Kitchen Diner / Living Communal Terrace 2 Ensuite Bathroom 2 Off Suite Flat 3 6 bedrooms 2097 Sq. Ft First Floor Open Plan Kitchen Diner / Living 6 Ensuite BathroomsTHE OPPORTUNITYMIXED USE INVESTMENT ?185,840 pa - ?204,840 paThe property is fully let producing a total income of ?185,840 pa with scope to increase to ?204,840 paResidential Income - ?11,570 pcm ?138,840 pa A number of the flats have been occupied for a number of years and there is scope to bring the rooms up to current market rents of ?675 pcm - ?730 pcm.Potential Residential Income - ?12,570 pcm ?150,840 paCurrent Commercial Income ?47,00 pa Scheduled rent reviews rising to ?54,000 paPlease refer to schedule of income and online legal pack.SECOND FLOOR EXTENSION OPPORTUNITY 3 X 6 BED FLATS ?138,840 EXTRA INCOME Plans and visuals prepared and with the existing development core areas designed for an additional floor to be serviced from within to create a second floor mansard type roof space to accommodate an additional 3 Flats comprising of 6 en suited professional rooms within each. With the adjoining buildings / street scene already predominantly featuring 3+ storey buildings, the addition of a mansard floor has been Architecturally designed to complement and enhance the fenestration of this prominent and prime mixed-use development. The existing development was completed in 2023 with an unblighted planning history in respect of the immense potential for a second floor, creating an opportunity to add significant value day one to this sustainably located mixed-use development in the heart of the Town Centre.Subject to gaining the necessary consents.SCHEDULE OF RESIDENTIAL INCOMEFlat 1 - Room A - ?600 pcm 06/01/2022Room B - ?600 pcm 30/04/2024Room C - ?600 pcm 05/03/2025Room D - ?600 pcm 14/11/2022Room E - ?650 pcm 09/11/2024Room F - ?600 pcm 20/09/2022Total: ?3650 pcmFlat 2Room A - ?550 pcm 28/08/2024Room B - ?650 pcm 28/06/2024Room C - ?650 pcm 30/06/2023Room D - ?650 pcm 06/06/2022Room E - ?650 pcm 17/06/2024Room F - ?650 pcm 01/04/2025Total: ?3,800 pcmFlat 3Flat A - ?680 pcm 05/11/2022Flat B - ?700 pcm 20/01/2023Flat C - ?700 pcm 05/11/2022Flat D - ?680 pcm 09/08/2024Flat E - ?680 pcm 05/10/2024Flat F - ?680 pcm 06/01/2025Total: ?4,120 pcmTotal income pcm: ?11,570Total income Per Annum: ?138,840All above - AST 6 month fixed contract, please refer to online legal pack.SCHEDULE OF COMMERCIAL INCOMEUnit 1-2: ?32,000 paLease started 6th Jan 2025 Termination 5th January 2035Rent ?32,000 Jan 2025-2026Rent increases to ?34,000 Jan 2026 2027 Rent increases to ?36,000 2027 onwardsUnit 3: ?15,000 paLease started 25th Sept 2025 Termination 24th September 2030Rent ?15,000 per annum (not including vat) to and including 24/09/2026Rent increases to ?16,500 per annum (not including vat) from and including 25/09/2026 to 24/09/2027Rent increases to ?18,000 per annum (not including vat) from and including 25/09/2027Total Current Income - ?47,000 paFuture Total Income - ?54,000 paLOCATIONThe town of Clevedon is particularly well placed for commuting to Bristol. Apart from the many high street shops, restaurants and food stores the town and surrounding villages have many an active and popular public house visit and enjoy. The local schools are all exceptional rivalling the nearby private schools such as the Downs Preparatory School at nearby Wraxall which offers schooling for boys and girls aged 4 to 13 years. Clifton College and Clifton High School are within approx. 9 miles travelling distance via the Clifton Suspension Bridge. There is a plethora of outdoor activities with a choice of scenic walks nearby, as is the National Trust Tyntesfield Estate, a Grade 1 Gothic revival mansion set in 540 acres of stunning gardens and open parkland. For the commuter the M4/M5 motorway network is reached at Junction 20 of the M5. Clifton Village with its colourful range of high street shops, boutiques and restaurants is accessible via the Clifton Suspension Bridge.SOLICITORS & COMPLETIONNaomi O BrienBarcan + Kirby 0117 3252929N.O'Brien@barcankirby.co.ukhttps://barcankirby.co.uk/EXTENDED COMPLETION Completion is set for 8 weeks or earlier subject to mutual consent.IMPORTANT AUCTION INFORMATIONVIEWINGSPlease 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.MATERIAL INFORMATIONInformation including utilities, Electricity supply, Water supply, Sewerage, Heating, Broadband, Mobile signal / coverage, Parking, Building safety, Restrictions and rights, Rights and easements, Flood risk, Erosion risk, Coastal erosion risk, Planning permission for proposal for development, Property accessibility / adaptations, Coalfield or mining area all of which will be supplied within the legal pack that can be accessed for free via the Hollis Morgan website or via your EIG account. 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.PRE AUCTION OFFERSSome vendors are willing to consider offers prior to the auction.Pre auction offers can ONLY be submitted by completing the online PRE AUCTION OFFER FORMThe form can be found on the Hollis Morgan website on the individual auction property listing.Please note offers will not be considered until you have inspected the COMPLETE LEGAL PACK once it has been released.There will be a note added to the list to confirm AUCTION PACK NOW COMPLETE when our client s solicitor informs us no further information is due to be added.In the event of an offer being accepted the property will only be removed from the online auction and viewings stopped once contracts have successfully EXCHANGED subject to the standard auction terms and payment of the buyer s premium (?1,800 Inclusive of VAT) to Hollis Morgan.Contracts can be exchanged via the solicitors or at the Hollis Morgan offices by appointment only.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.