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Commercial Development for sale

Broad Street, Staple Hill, Bristol

Guide Price* £180,000

Property Description

Key features

  • For Sale By Public Auction
  • Tuesday 25th April 2017
  • County Cricket Ground, Bishopston BS7 9EJ
  • Legal Packs via our website

Full description

SOLD PRIOR. Freehold investment opportunity comprising a ground floor lock up shop with rear store of circa 900sqft trading as a convenience store with a self-contained 2 bedroom maisonette to the upper floors (accessed from the rear). The property benefits from an enclosed rear yard with additional storage. Fully let producing £18,500 per annum with potential to increase.

For Sale By Auction - This property is due to be auctioned on the 25th April 2017 at The Grace Room, The Bristol Pavilion, County Ground, Nevil Road, Bishopston, Bristol at 7pm.

Viewing - SOLD PRIOR

Description - A mixed-use property available to purchase on the High Street in Staple Hill offering a fantastic investment opportunity that rarely becomes available in this location. Situated in a desirable position in the centre of Staple Hill with good links to the Ring Road and City Centre. Early enquiries recommended.

Location - Situated on Broad Street, Staple Hill. Nearby notable occupiers include 'Greggs Bakery', 'PDSA' and 'Tesco Metro' as well as many independent shops and eateries.

Lease Details - Shop - Let at £12,500 per annum until January 2018 on a Full Repairing and Insuring basis.

Flat - Let at £500 per calendar month on an Assured Shorthold Tenancy from September 2014 for 2 years. However, the tenant has informed us he would be happy to vacate if necessary.

Notes - We feel the maisonette is currently underlet and could achieve in the region of £700 per calendar month once updated.

Business Rates/Council Tax - We understand the rateable value from March 2013 is £10,750.

The council tax band is B.

Energy Performance Certificate - Ratings:
28 Broad Street - D.
28A Broad Street - E.

Solicitor - Mr R Herne
Richard Herne & Co
113 High Street
Staple Hill
Bristol BS16 5HF
Telephone: 0117 957 4508

Buyers Premium - Please be advised that all purchasers are subject to a £700 plus VAT (£840 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 £840 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:

Bankers Draft
Debit Card Payment

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

The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of this property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.
These particaulrs including all measurements, plans, dimensions and photographs are provided for guidance purposes only and any intending purchaser or lessee should make their own enquiries.

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Disclaimer - Property reference 26037003. The information displayed about this property comprises a property advertisement. 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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