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Hollis Morgan | Essential Guide to Buying at Auction
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residential sales | auctions
2020 BUYING at LIVE to guide YOUR
ONLINE auction
everything you need to know about buying land and property at auction
Welcome to Hollis Morgan LIVE ONLINE Auctions…STREAMED LIVE on our webs
DID YOU KNOW? Hollis Morgan was the most successful Auctioneer in Bristol & North Somerset in 2018-2019 with an 87% success rate. Hollis Morgan sold more £££’s of Land and Property in both 2018 & 2019 than any other local auctioneer with £72m sold. No auctioneer has sold more than Hollis Morgan since 2010 with over £289m of sales – £95m more than anyone else*.
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bid from anywhere | online or mobile
*Source EIG – Sales in BS and GL postcodes by agents based in BS or GL postcodes. *Source EIG – Sales in BS postcodes 2018 & 2019 by agents based in BS excluding firms selling less than 3 lots.
site… Welcome to Hollis Morgan LIVE ONLINE Auctions…STREAMED LIVE on our website
Welcome to Hollis Morgan LIVE ONLINE Auctions
In response to Covid (19) Hollis Morgan have released their Live Auction service which is an innovative online platform for selling and buying all types of land and property. It provides all the benefits of traditional public auctions, such as speed, certainty of sale and transparency with the added advantage of being able to watch live from the comfort of your own home and bid online or by proxy and telephone. The auction will be streamed LIVE on the Hollis Morgan website .
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welcome to your guide to
at LIVE ONLINE auction BUYING
“Auctions offer a unique opportunity to bid on a wide range of property opportunities!” ANDREW MORGAN MBE { } andrew MORGAN MBE [email protected]
DID YOU KNOW? Hollis Morgan was the most
successful Auctioneer in Bristol & North Somerset in 2018-2019 with an 87% success rate . Hollis Morgan sold more £££’s of Land and Property in both 2018 & 2019 than any other local auctioneer with £72m sold . No auctioneer has sold more than Hollis Morgan since 2010 with over £289m of sales – £95m more than anyone else*.
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introducing… our auction team
olly
sarah
nick HEAL
andrew
MORGAN MBE
HOLLIS
WESTERN
…at Hollis Morgan we have over 100 years of combined experience within our property team…
lucinda CULPIN
calum MELHUISH
mike HAYNE
george HARRIS
karine CADORET
sarah COCKS
OUR CHARITY OF THE YEAR FOR 2020 IS … All-Aboard Watersports www.allaboardwatersports.co.uk
BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT
buying at auction is
an exciting opportunity
“Auction is a transparent, easy and quick way to buy property or land!” OLLY HOLLIS { } olly HOLLIS [email protected]
key REMINDERS
stay up-to-date with our auction lots on our website check out the viewing schedule online you may be able to make a pre-auction offer on your chosen lot you must register to get your unique bidding PIN watch the action streamed live
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Do not be afraid to ask for guidance from us – we are here to help you. Happy Bidding!
our 2018-19 results : our results speak for themselves
TOTAL
LOTS
MARKET SHARE % 44 %
RAISED £ £ 73m
OFFERED
Hollis Morgan
317
MAGGS & ALLEN
251 123
£45m £17m
27 % 10 %
AUCTION HOUSE BRISTOL & WEST
D J & P NEWLAND RENNIE WRINGTON 87
£5m £6m
5 % 4 %
DAVID PLAISTER LTD
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*Source EIG – Sales in BS and GL postcodes by agents based in BS or GL postcodes. Sales in BS postcodes 2018 & 2019 by agents based in BS excluding firms selling less than 3 lots. the widest range of
property from across the region
BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT
Auctions offer a whole range of different and exciting property opportunities – why not see what is on offer? It may seem a daunting process but if you follow these guidelines it is a very straightforward and enjoyable process. “ ” …buying at auction is an exciting but sometimes daunting prospect, so we are here to help you every step of the way… OLLY HOLLIS
solicitors you will need to appoint a solicitor before you can bid survey or mortgage valuation to be completed BEFORE the auction finance make sure you can exchange and complete within the timescales online auction ESSENTIALS How do I download the Legal Pack? Digital Copies of the Online legal pack can be downloaded Free of Charge 24/7 from the Hollis Morgan Website. 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.. Can I make a Pre-auction offer? Some properties may be available to buy prior to the auction. Pre auction offers can be only submitted by completing the Pre Auction Offer Form – visit our website and clock on Pre Auction Offer – full instructions can be found on page 14.
How do I find out about new properties? Join our mailing list by either calling the office or send us an email via our website. Each property is allocated a Lot Number and you will be able to review information including the Guide price, full address, viewing times and download any planning or rental appraisals from the online legal pack. How do I book a viewing? The viewings schedule for most lots can be found on the details – please submit a viewing request online and we will contact you to arrange. Hollis Morgan would be grateful if you could arrive promptly to inspect the properties at the START of the agreed time as we have scheduled viewings throughout the day and CANNOT wait for late arrivals. There are likely to be viewings on the property before and after your appointment and if you miss your slot ( usually 15 minutes ) you will be asked to wait until the next available time. Please note government regulation on groups sizes and safe social distancing must be practiced at all times – please bring your own gloves and facemask. You may be asked to wait outside before it is safe to enter – please understand and respect this request. If you have shown any symptoms of Covid (19 ) in the last 10 days we would respectfully ask you to not attend the viewing. The safety of our clients and staff is our number one priority and we thank you for your understanding. Please note that hard copy of details will not be provided but will have been emailed to you with instructions on how to bid before the viewing.n.
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Hollis Morgan Auction Terms and Conditions apply. © Hollis Morgan Property Limited 2020 v8 BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT
BUYING at LIVE ONLINE auction
an exciting opportunity
Can I bid by Telephone or Proxy? Subject to the number of requests per lot we are able to offer both telephone and proxy bidding – simply complete the remote bidding form as above.. How much will it sell for? To help you gauge the auction market please View Lots Sold at
Please 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 (£1000+VAT) to
our last auction or See examples of other sold lots. We also have an archive of all our auction, land, garages and investment results since 2010. We also have a bespoke guide and archive of sales for Garages, Investment Properties and Land on our website. Can I watch the auction
Hollis Morgan. Contracts can be signed either via the solicitors or at the Hollis Morgan offices subject to appointment. Can I book a valuation or a survey? If you would like to arrange a survey
if I am not bidding? Yes the auction is streamed live online and this is a great way to get used to the overall experience if you plan to bid in the future. Buyers Guides We have short video Guide to Buying at Auction on our website, but if you have any further questions regarding the buying process please don’t hesitate to contact Auction HQ – 0117 973 65 65. Tell us what you think We welcome any feedback or advice on the auction – if you think we can do something better please let us know – [email protected]
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. Do I need to register? Yes - without your unique bidding pin you will not be able to bid … refer to page 10/11 for the 4 simple steps.
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Do not be afraid to ask for guidance from us – we are here to help you. Happy Bidding!
bid from anywhere | online or mobile
BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT
Hollis Morgan Auction Terms and Conditions apply. © Hollis Morgan Property Limited 2020 v8
Welcome to Hollis Morgan LIVE ONLINE Auctions…STREAMED LIVE on our webs
BUYING at online auction…
how to buy at online auction – what you need to do…
Choosing a Lot Full details of our current catalogue can be found on our website https://www.hollismorgan.co.uk/auctions/auction-list/
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Viewings Most lots will have a scheduled viewing day – simply book an appointment and arrive in plenty of time – BUT PLEASE NOTE OUR ADDITIONAL COVID PRECAUTIONS . Legal Packs Digital copies of the legal pack can be downloaded online FREE via our website. You will need to sign in or register – please follow our ‘download the legal packs’ instructions.
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Surveys If you would like to book a valuation or survey , instruct your surveyor to contact our offices. 4
bid from anywhere | online or mobile
2020 AUCTION HIGHLIGHTS site… Welcome to Hollis Morgan LIVE ONLINE Auctions…STREAMED LIVE on our website
…our guide to online buying
buying a property at our live online auctions is an exciting adventure, here is our brief guide to the process.
Pre Auction Offers Some clients will consider pre-auction offers but you must wait for the legal pack to be completed – see our ‘making a pre-auction offer’ instructions. 5
Register to Bid To register to bid you will need to complete the Online Bidding Form – on our auction home page click the ‘Register to Bid’ button and follow our ‘guide to online bidding’ instructions.
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Auction Day
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The auction will be streamed live online from 18.00, you will need to visit our auction home page and click on 'Watch Live Auction' .
ON AUCTION DAY CLICK ON WATCH LIVE AUCTION
bid from anywhere | online or mobile If you have any questions about the process – we are here to help you – please contact [email protected]
Welcome to Hollis Morgan LIVE ONLINE Auctions…STREAMED LIVE on our webs
BUYING at online auction…
The registration process is extremely simple, visit our website https://www.hollismorgan.co.uk/auctions/register-to-bid/ and click on the ‘Register to Bid’ button
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STAGE 1 Complete the Online Bidding Form You will be directed to the interactive Bidding Form on ‘Signable’ which you must complete, sign and submit. REMEMBER : you can register to bid on as many lots as you like but can only bid on those you have registered for in advance.
CLICK ON THE STAGE 1 LINK ONLINE BIDDING FORM TO COMPLETE THE ONLINE BIDDING FORM
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STAGE 2
Upload your certified ID Complete using the drop-down menus. You will need digital copies of your chosen ID documents when requested.
COMPLETE THE PULL-DOWN MENUS AND PRESS SEND ID DOCUMENTATION TO SUBMIT
bid from anywhere | online or mobile
site… Welcome to Hollis Morgan LIVE ONLINE Auctions…STREAMED LIVE on our website
…our guide to online bidding register to bid in just 4 easy stages…
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STAGE 3 Save your unique bidding PIN
? ? ? ? ? ? YOUR UNIQUE 6-DIGIT BIDDING PIN WILL BE SENT TO YOU VIA E-MAIL
You will be sent an e-mail from our auction partner EIG with details of how to log-in to access your unique 6-digit bidding PIN.
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STAGE 4 Pay your Security Deposit (£6,200) You will receive an e-mail from us with a secure link to enable payment of your deposit. Select the Lot from the pull-down menu; complete your e-mail address and telephone number and click on Register & Hold £6,200 to submit
your deposit. 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.
You are now ready to bid. Good luck and if you have any questions about the process – we are here to help you – please contact [email protected]
Welcome to Hollis Morgan LIVE ONLINE Auctions…STREAMED LIVE on our webs
BUYING at online auction…
to download the legal packs…
to download LEGAL PACKS you need to register or sign in – go to our auction home page and click on LEGAL PACKS https://auctioneertemplates.eigroup.co.uk/guides.aspx?a=660&c=hom choose the lot you are interested in from the list and follow the onscreen prompts…select REGISTER FOR new users or SIGN IN for previous users 1 2
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ON OUR AUCTION HOME PAGE CLICK ON LEGAL PACKS
SELECT AND CLICK YOUR CHOSEN LOT
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REGISTER WITH YOUR E - MAIL ADDRESS AND YOUR PASSWORD – MAKE A NOTE OF THE PASSWORD FOR FUTURE AUCTIONS
YOU WILL THEN RECEIVE AN EMAIL VERIFICATION LINK TO COMPLETE REGISTRATION
bid from anywhere | online or mobile
site… Welcome to Hollis Morgan LIVE ONLINE Auctions…STREAMED LIVE on our website
…download the legal pack
You can download our legal packs for each AUCTION LOT , by following the process set out below. By registering your interest, any new information added will AUTOMATICALLY be forwarded to your registered email. If information is not currently available to view, we are waiting to receive the information and you will AUTOMATICALLY receive any updates via your registered email.
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SIGN IN OR COMPLETE THE REGISTRATION
CLICK ON THE DOWNLOAD LINK
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ONCE LOGGED IN , YOU WILL SEE A LIST OF DOCUMENTS THAT CAN BE DOWNLOADED , OR …
… GO TO THE BOTTOM OF THE PAGE TO ‘ DOWNLOAD ALL ’ OR E - MAIL TO ANOTHER RECIPIENT .
If you have any questions about the process – we are here to help you – please contact [email protected]
Welcome to Hollis Morgan LIVE ONLINE Auctions…STREAMED LIVE on our webs
BUYING at online auction…
making a pre-auction offer…
Some vendors are willing to consider offers prior to the auction.
Pre auction offers can ONLY BE SUBMITTED by completing the online Pre Auction Offer Form. The form can be found on the Hollis Morgan website on the current lots page or on each individual auction property listings – look for the big red button. 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 clients 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 (£1000+VAT) to Hollis Morgan. Contracts can be exchanged via the solicitors or at the Hollis Morgan offices by appointment only. 1
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ON OUR AUCTION HOME PAGE CLICK ON PRE-AUCTION OFFER
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COMPLETE YOUR PR-AUCTION OFFER FOR YOUR CHOSEN LOT AND PRESS SUBMIT
bid from anywhere | online or mobile
site… Welcome to Hollis Morgan LIVE ONLINE Auctions…STREAMED LIVE on our website
…our guide to online bidding auction day – how to BID!
On the day of the auction, you will need to visit https://www.hollismorgan.co.uk/ auctions/ and click on 'Watch Live Auction' for the auction that you intend to bid on. Those using telephone and proxy bids can now watch the auction and we will contact you prior to your lot being offered. For online bidders you will be shown a welcome
ON AUCTION DAY CLICK ON WATCH LIVE AUCTION
The auctioneer will call the bidding 3 times before the fall of the gavel and if you are the successful purchaser the auctioneer will contact you to confirm the next steps. A 'Place Bid' button will be available only on the lots that you have registered to bid on. If you place a bid online, a message will show whether or not your bid was successful. screen – click the 'Sign In' button within the 'Online Bidder' section. You will be asked to confirm your bidding PIN , and once confirmed you will be shown the auction viewing gallery which will display details of the lot being offered, the current bid and the asking price.
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Good luck and if you have any questions about the process – we are here to help you – please contact [email protected]
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OVER 1400 LOTS SOLD BY AUCTION SINCE 2010
UP TO 750 PEOPLE ATTEND OUR AUCTIONS
BRISTOL’S MOST EXPERIENCED AUCTIONEER
EXCHANGE SPEED
COMPLETION IN 4, 6 OR 8 WEEKS
BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT
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BETWEEN 40-60 LOTS IN EVERY AUCTION CATALOGUE
SINCE 2010 THE LEADING AUCTIONEER IN BRISTOL & N.SOMERSET
ALMOST £300m AUCTION SALES SINCE 2010
OVER 100 YEARS COMBINED EXPERIENCE IN OUR AUCTION TEAM
BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT
residential sales | auctions | the property cycle
we want your
renovated property… BE A PART OF THE HOLLIS MORGAN PROPERTY CYCLE BUY AT AUCTION BUILD OR REFURBISH SELL WITH OUR RESIDENTIAL SALES TEAM REPEAT THE CYCLE Many of our successful auction clients instruct the Hollis Morgan Residential Team to sell their renovated and new build properties.
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BUY
BUILD
REPEAT
SELL
If you instruct our residential sales team to sell your renovated property, we will refund your buyers’ premium*.
* Based on a 12 week sole agency agreement with a commission rate of 1.5% + VAT.
new homes | residential sales | auctions
… and instruct Hollis Morgan to launch your development
The Hollis Morgan New Homes department was launched in 2012 following a strong demand from clients who had purchased sites through our market leading Auctions and wanted professional advice to market the completed developments and to maximise returns…our aim is to be the number one new homes agent in the city for small/medium size developments. We offer a comprehensive pre-development service for developers Detailed GDV appraisal Advice on market trends, design style and finish
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Once Planning is Granted and the development under way, our New Homes team will handle Pre-marketing and off-plan sales Dynamic brochures and signage
Launch Day and Show Home Deposits and closing the sale Helping you find your next site! Our new homes team is here to advise you every step of the way…
new homes hollis morgan
turn the page to see some successful examples … ” “ …our aim is to be the number one new homes agent in the city for small/medium size developments… CALUM MELHUISH
residential sales | auctions | the property cycle
BEFORE
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“ ” potential GDV £2.050-£2.145m… FOR SALE AT AUCTION : A Freehold parcel of land close to the City Centre with Planning Granted to erect 6 x houses. £480 K SOLD GUIDE PRICE : £465 K +++
ST WERBURGHS
IN THE AUCTION CATALOGUE WE SAID :
Freehold Land: 50-52, Sussex Place, St Werburghs, Bristol BS2 9QP
the property cycle | residential sales | auctions
NEW HOMES MARKETED EXCLUSIVELY BY HOLLIS MORGAN NEW HOMES
AFTER WITH PRICES RANGING FROM £340,000-£385,000
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A development of six townhouses SUSSEX MEWS is an exclusive development of just six contemporary three bedroom Freehold townhouses with bright and airy accommodation over three floors with courtyard gardens. Constructed to the highest environmental standards to ensure low heat loss and energy waste, whilst effortlessly blending into the surrounding neighbourhood. new homes
hollismorgan – not just auctioneers…
residential sales | auctions | the property cycle
BEFORE
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£550 K SOLD GUIDE PRICE : £500 K +++ “ ” further scope, subject to consents…
FRENCHAY
IN THE AUCTION CATALOGUE WE SAID :
FOR SALE AT AUCTION : A large corner plot with Planning Granted to erect 8 x Flats and with scope for extra units subject to consents.
Development Site: 7-9, Frome Valley Road, Frenchay, Bristol BS16 1HD
the property cycle | residential sales | auctions
NEW HOMES MARKETED EXCLUSIVELY BY HOLLIS MORGAN NEW HOMES
AFTER WITH PRICES RANGING FROM £197,500-£315,000
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HELP TO BUY SCHEME FOR NEW-BUILD
A development of ten 1, 2 and 3 bedroom apartments ALBERTON COURT is an exclusive development of just 10 high specification 1,2 and 3 bedroom apartments, situated in the ever popular village of Frenchay which provides excellent access to Bristol City Centre and major motorway links. new homes
hollismorgan – not just auctioneers…
LIVE ONLINE
auctions
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bid from anywhere | online or mobile FEBRUARY’21 WEDNESDAY 10 MARCH’21 WEDNESDAY 10 MAY’21 THURSDAY 6 JUNE’21 WEDNESDAY 9 JULY’21 21 WEDNESDAY hollis morgan
BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT
identification and anti money laundering The EU‘s second money Laundering Directive was laid before parliament at the end of December 2003 and the regulations apply from May 1st 2004.
For each purchaser you must provide TWO FORMS OF ID, one document from each list Identity documents: ❚ Current signed passport ❚ Current UK Photo card driving licence ❚ Resident permit issued by the Home Office to EU Nationals ❚ Inland Revenue Tax Notification ❚ Firearms Certificate
Evidence of address: ❚ A utility bill issued within the last 3 months ❚ Local authority tax bill (current year) ❚ Bank, building society or credit union statement ❚ Most recent mortgage statement from a UK lender
The three sets of legislation are as follows:
❚ The Money Laundering Regulations 2007 ❚ The Proceeds of Crime Act 2002 ❚ Terrorism act 2000 as amended by the Anti Terrorism, Crime and Security Act 2001 PLEASE NOTE THAT any person buying or bidding at auction, MUST produce documentation to confirm their name and residential address.
❚ An identity card issued by the Electoral Office for Northern Ireland.
Please find opposite a schedule of acceptable documentation.
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BRISTOL AND THE WEST COUNTRY ' S BIGGEST PROPERTY EVENT
Hollis Morgan Auction Terms and Conditions apply. © Hollis Morgan Property Limited 2020 v8
The results speak for themselves…
hollismorgan – the only choice for selling at auction
TEL | 0117 973 6565 | 9 Waterloo Street, Clifton, Bristol BS8 4BT www.hollismorgan.co.uk | [email protected]