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Residential Development for sale

Milford Avenue, Wick, Bristol

Guide Price* £70,000

Property Description

Key features

  • For Sale By Public Auction
  • Tuesday 28th November 2017
  • County Cricket Ground, Bishopston BS7 9EJ
  • Legal Packs via our website

Full description

Parcel of land measuring approximately 0.29 acres occupied by 19 lock-up garages with up and over doors. The site is situated to the rear of a rank of shops on Milford Avenue in Wick providing easy access to the A420. The garages offer excellent rental potential and the site may be suitable for redevelopment subject to obtaining the necessary planning consents.

For Sale By Auction - This property is due to be auctioned on the 28th November 2017 at The Grace Room, The Bristol Pavilion, County Ground, Nevil Road, Bishopston, Bristol at 7pm.

Viewing - Open for external, internal by appointment

Summary - RANK OF 19 LOCK-UP GARAGES

Description - Parcel of land measuring approximately 0.29 acres occupied by 19 lock-up garages with up and over doors. The site is situated to the rear of a rank of shops on Milford Avenue in Wick providing easy access to the A420. The garages offer excellent rental potential and the site may be suitable for redevelopment subject to obtaining the necessary planning consents.

Location - The site is situated to the rear of numbers 7-19 Milford Avenue in Wick. Easy access is provided to the A420 and A4174 Ring Road.

Rental Potential - We would anticipate a market rent in the region of £50 - £60 per calender month per garage which would equate to circa £11,400 per annum - £13,680 per annum.

Local Authority - South Gloucestershire Council.

Solicitor - Mr E Yasdi
Devonshires
30 Finsbury Circus
London EC2M 7DT
Telephone: 0207 880 4314
Email: elad.yasdi@devonshires.co.uk

Buyers Premium - Please be advised that all purchasers are subject to a £750 plus VAT (£900 inc VAT) buyers premium payable upon exchange of contracts.

*Guide Price - Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Reserve Price - The 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.

Proxy Bidding - If you are unable to attend the auction then you can submit a proxy bid. This will authorise a representative of Maggs & Allen to bid on your behalf up to a pre-set amount. The proxy bidding form is available to download from our website. The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and 2 cheques (one for the 10% deposit and one for the buyers premium of £900 inc VAT) is required by the auction department no later than 4pm on the day of the auction.

Attending The Auction - If you are intending to bid and are successful, the following will be required:
Proof of identity (valid passport or photo driving licence).
Proof of address (bank statement, recent utility bill, council tax bill or tenancy agreement).
10% deposit payment.
Buyers premium payment.
Details of your solicitor.

Deposit & Buyers Premium Payments - Forms of acceptable payment:

* Cheque
* Bankers Draft
* Debit Card Payment

For card payments:
Please ensure that you advise your bank of the potential payment prior to the auction.

Maggs & Allen use all reasonable endeavors to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
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.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.


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Disclaimer - Property reference 27331453. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Maggs & Allen, Auction, Commercial & Investment. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Maggs & Allen, Auction, Commercial & Investment on 0117 9734940.


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