Your chance to buy a whole terrace of homes and cafe in St Anne's
A ROW of terrace houses in a Bristol suburb will go on sale to the highest bidder at a property auction next month.
The six terrace houses and a cafe complete with a car park are being sold in separate lots but potential purchasers will have the option of buying the whole lot in one go.
But anyone wanting their own row of terraces will have to splash out at least £700,000 to land all the properties.
The properties in Newbridge Road and in Mardon Road are in St Anne's and are all owned by the same landlord.
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The auction is taking place on Wednesday, March 6, and has been organised by Peter Beddoes, who is based with the Auction House group.
Mr Beddoes said: "It is very unusual for a whole row of houses to come on to market in this way and we are expecting a good deal of interest in the properties.
"They are being sold in separate lots but there is the opportunity for someone to come and buy all the properties together with a long term development in mind.
"At the moment the houses do have tenants in them so they are being sold as a buy-to-let proposition but there could be opportunities to develop the houses in the long term."
He added: "The houses are all owned by the same landlord and he has decided the time has come to sell them at auction.
"He purchased the first property in that particular area around 20 years ago and has been investing ever since.
"As I said it is very unusual for all these properties to come up at the same time but we think it is a great opportunity for potential investors.
"There has been a lot of interest in the houses and we have already arranged quite a lot viewings from potential buyers even though the auction is still several weeks away. We are expecting there to be a lot of interest at the auction."
The houses are being sold in lots of two and are expected to sell at around £150,000 for each property.
Kim's Cafe is advertised as a popular local cafe which comes complete with an upstairs flat and a car park in a busy area of Bristol.
The auction is being held at Engineers House on The Promenade in Clifton.
Two years ago a row of Edwardian terrace houses in Bristol were sold for more than a million pounds.
Bosses at the Bristol Royal Infirmary decided to sell off the row of houses in Kingsdown which had been used as accommodation for medics working at the hospital.
The row of seven terrace houses on Horfield Road were sold to developers for £1.2 million when they came up for auction.
There was a lot demand for the houses as Kingsdown is one of the most desirable areas in Bristol and attracts plenty of interest from house hunters.
The average cost of a house in the city currently stands at £221,706 but people wanting to buy a period terrace house in the area would expect to pay at least £300,000. A house similar to the one in St Anne's would normally cost around £200,000.
The chance to buy at auction means that investors with cash can pay well below market prices.
The row of houses in Kingsdown was owned by the University Hospitals Bristol NHS Foundation Trust and it was the first time that a complete row of houses had become available.
The houses were sold as ideal student accommodation or as potential family homes for someone willing to make a significant investment.
Kingswood resident and businessman Arne Ringner criticised the hospital trust over the sale.
The owner of the Clifton Lido and the Glassboat restaurant believed the houses should have been converted into affordable accommodation.