Ground Floor Shop, 17 Long Street, Dursley, Dursley, GL11 4HP

Guide Price £50,000 - For Sale By Auction - LOT 11

SOLD PRIOR

  • For Sale By Public Auction
  • Thursday 19th April 2018
  • County Cricket Ground, Bishopston BS7 9EJ
  • Legal Packs via our website

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Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

SOLD PRIOR. A freehold double fronted ground floor retail unit forming part of an impressive Grade II listed building in a prominent position in the market town of Dursley. The property is let producing £7,200 per annum and benefits from an additional £300 ground rent income from the flats above and behind giving a total annual income of £7,500. The property is currently trading as a second hand furniture shop but also benefits from planning consent for A3 (cafe) use.

FOR SALE BY AUCTION -

This property is due to be auctioned on the 19th April 2018 at The Grace Room, The Bristol Pavilion, County Ground, Nevil Road, Bishopston, Bristol at 7pm.

VIEWING -

SOLD PRIOR

SUMMARY -

SOLD PRIOR

DESCRIPTION -

A ground floor double fronted retail unit (approx. 680 sq ft) currently trading as a second hand furniture shop. The property forms part of an impressive Grade II listed building in the centre of Dursley.

LOCATION -

The property is situated on Long Street off Cotswold Way in the centre of Dursley. Whilst travelling along Costwold Way, go past Sainsbury's supermarket on your left hand side and turn left at the next mini roundabout onto Long Street. The property can be found on your left hand side next to the Old Bell Hotel.

ACCOMMODATION -

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

GROUND FLOOR SHOP - Approx. 680 sq ft -

The property comprises a main sales area with full height widows either side of the main entrance, a futher rear shop/storage room and toilet facilities.

LEASE DETAILS -

The property is let on a 2 year lease from 1st April 2017 with a passing rent of £7,200 per annum.

TENURE -

The property is to be sold freehold subject to the long leasehold interests of 5 flats that have already been sold off and a 6th flat that is for sale in the same auction. Each flat pays a ground rent of £50 (£300 total).

ENERGY PERFORMANCE CERTIFICATE -

Rating: D.

SOLICITOR -

Mr P Day
Langley Wellington LLP
Royal House
60 Bruton Way
Gloucester GL1 1EP
Telephone: 01452 521286
Email: lawyers@langleywellington.co.uk

BUYERS PREMIUM -

Please be advised that all purchasers are subject to a £750 plus VAT (£900 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 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 buyer's 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.
* Buyer's 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.

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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.