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COMMERCIALSOLD STC

East Street, Bedminster, Bristol

Guide Price
£600,000
Maggs & Allen, Auction, Commercial & Investment
PROPERTY TYPE

Residential Development

SIZE

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Key features

  • SOLD POST AUCTION- 27 June Auction
  • Substantial former Public House
  • Excellent scope for redevelopment
  • Planning consent granted for 2 x 5-Bedroom HMOs on upper floors
  • Rear courtyard & Car Park offering further development potential
  • 8-week completion

Description

SOLD POST-AUCTION - SUBSTANTIAL FORMER PUBLIC HOUSE FOR REDEVELOPMENT
A substantial former public house of approximately 7,100 ft² arranged over basement, ground, first and second floors, with an additional car park to the rear. Planning consent is currently pending for the conversion of the first and second floors into 2 x 5-Bedroom HMOs and the rear of the site offers significant potential for further redevelopment, subject to consents. The building is situated in a busy trading position on East Street (backing on to Herbert Road) in Bedminster, in an area currently undergoing significant redevelopment. Easy access is provided to Bristol city centre and a wide range of local amenities.

For Sale By Auction - This property is due to feature in our online auction on 27 June 2024 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

Viewings - By appointment.

Summary - SOLD - A SUBSTANTIAL FOUR STOREY FORMER PUBLIC HOUSE - PLANNING CONSENT GRANTED FOR 2 X 5-BEDROOM HMOS ON UPPER FLOORS

Description - A substantial former public house of approximately 7,100 ft² arranged over basement, ground, first and second floors, with an additional car park to the rear. Planning consent has been granted for the conversion of the first and second floors into 2 x 5-Bedroom HMOs and the rear of the site offers significant potential for further redevelopment, subject to consents. The building is situated in a busy trading position on East Street (backing on to Herbert Road) in Bedminster, in an area currently undergoing significant redevelopment. Easy access is provided to Bristol city centre and a wide range of local amenities.

Location - The property is situated in a busy and prominent position on East Street, Bedminster.

Planning - Planning consent has been granted for the creation of 2 x 5-Bedroom HMOs (C4) at first and second floor level under Application No. 23/00686/F. The ground floor commercial premises has been marketed to let for 12 months and a marketing report is available should it assist with an application for a change of use/redevelopment.

Accommodation - Please refer to floorplan for approximate room measurements and internal layout.

Basement Level - Arranged as various store rooms, accessible from the ground floor and also the rear of the property.

Ground Floor - The ground floor is currently arranged as a former public house of approximately 3,925 ft², equipped with a large kitchen, bar, seating area and dance floor.

First Floor - Currently providing customer toilets and staff offices.

Second Floor - Currently providing a manager's flat comprising 3 double bedrooms, a lounge (currently used as a 4th bedroom), kitchen and bathroom.

External Space - To the rear there is a courtyard and car park which also offers potential for redevelopment, subject to obtaining the necessary consents. However, we understand 2 parking spaces are owner by a neighbour and are therefore not included in the sale.

Tenure - We are informed that the property is to be offered for sale on a freehold basis with vacant possession. Please refer to the legal pack for confirmation.

Completion - Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.

Energy Performance Certificate - Rating: E (Valid to November 2023).

Letting - What Can Maggs & Allen Achieve For You? - Maggs & Allen's experienced letting team are happy to discuss the rental of this property and can advise on maximising the investment. We offer Full Management, Let Only and Rent Collection Services. Contact Jessica Archer and her team on or email .

Auction Or Bridging Finance Required? - Do you need a mortgage or loan quickly? Maggs & Allen have specialist Independent Brokers who can arrange residential and commercial finance on all types of property. Contact the Auction Team today to be put through to our mortgage and loan experts on or email

Buyer's Premium - Please be advised that all purchasers are subject to a £1,250 plus VAT (£1,500 inc VAT) buyer’s 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, Telephone & Online Remote Bidding - The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which 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 a bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.

Preliminary Deposits - The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:

£1,000 - £150,000: £5,000
£151,000 and above: £10,000

If you bid is successful, the balance of the deposit monies and Buyer’s Premium (1,500 inc VAT) must be transferred to our client account within 24 houra of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you within 5 working days.

Brochures

East Street, Bedminster, Bristol

East Street, Bedminster, Bristol

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bedminster Station0.2 miles
  • Parson Street Station0.7 miles
  • Bristol Temple Meads Station0.9 miles

About the agent

Maggs & Allen, Auction, Commercial & Investment

60 Northumbria Drive, Henleaze, Bristol, BS9 4HW

Maggs & Allen, Auction, Commercial & Investment

Auction, Commercial and Investment Property Services

Maggs + Allen offer a complete property solution for both the public and professional markets.

We are:

* Chartered Surveyors

* Auctioneers

* Commercial Sales & Letting Agents

* Land & New Homes

* Licensed Estate Agents

* Residential Letting & Management Agents

Maggs & Allen can advise and help with all your Property requirements from the leasing, sale or acquisition of offices, shops, in

More properties from this agent

Industry affiliations

National Association of Estate AgentsOmbudsman for REsale Estate Agents (no OFT logo)Association of Residential Letting Agents

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 33096550. 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.

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 463 0249.

*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.”

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