Situated within the highly sought-after Perretts Court on Cumberland Road, this first-floor two-bedroom apartment presents an exciting opportunity for buyers looking for a property they can completely transform and make their own. Requiring full renovation, the apartment offers excellent potential to create a stylish and individual home in one of Bristol’s most desirable waterside locations.
The accommodation currently comprises two bedrooms, a bathroom and a spacious living area, with the property’s most impressive feature being the stunning outlook over the River Avon. The views provide a beautiful backdrop and offer the opportunity to create a particularly impressive living space following renovation.
The property also benefits from secure allocated parking, adding a valuable convenience that is particularly desirable in this central waterside location. Offered to the market with no onward chain, the apartment is well suited to buyers looking for a project with the potential to add significant value through refurbishment.
Perretts Court also benefits from an unusual and appealing management structure. All property owners within the building are members of the management company, meaning that decisions regarding the management of the building and the annual service charge contribution are determined by the owners themselves. The property benefits from low service charges and, importantly, there is no ground rent payable.
Ideally positioned on Cumberland Road, the apartment is perfectly placed to enjoy the best of Bristol’s Harbourside, with the waterfront, restaurants, cafés, bars and cultural attractions all close by. The city centre is also within easy reach, making this an excellent location for both owner-occupiers and investors.
Combining spectacular river views, secure allocated parking, low ongoing charges and genuine renovation potential, this is a rare opportunity to create a bespoke two-bedroom apartment in an enviable Bristol waterside setting.
Agents Note-
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days the draft contract for sale being received by the buyers solicitor. This additional time allows 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. This being 4.50% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation 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 go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
