366 Gloucester Road, Horfield, Bristol, BS7 8TP

Guide Price £225,000 - For Sale By Auction - LOT 25

MIXED USE INVESTMENT PROPERTY IN HIGHLY SOUGHT AFTER LOCATION

  • For Sale By Public Auction
  • Thursday 26th September 2019
  • 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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The above is offered for indicative purposes only and should not be relied upon. Rates will vary lender to lender and subject to the customer’s specific circumstances. Fee’s may also apply.

Property Details

Mixed use property arranged as a fully fitted ground floor takeaway with 2 bed self contained flat above. The takeaway is offered for sale with vacant possession and the flat is currently let at £750pcm. The property is situated close to the Tinto Lounge and The Royal Oak within close proximity of the junction with Ashley Down Road.

FOR SALE BY AUCTION -

This property is due to be auctioned on the 26th September 2019 at The Grace Room, The Bristol Pavilion, County Ground, Nevil Road, Bishopston, Bristol at 7pm.

VIEWING -

By appointment

SUMMARY -

MIXED USE INVESTMENT PROPERTY IN HIGHLY SOUGHT AFTER LOCATION

DESCRIPTION -

Mixed use property in Gloucester Road. Fully fitted ground floor takeaway with spacious rear courtyard. Plus first floor two bedroom flat with modern kitchen and shower room, Upvc double glazing and gas central heating.

Prominent High Street location.

LOCATION -

Situated in a popular location on Gloucester Road. Neighbouring occupiers include Cafe Grounded, The Tinto Lounge and The Royal Oak.

ACCOMMODATION -

GROUND FLOOR -

Fully Fitted takeaway approx 776sqft with rear store, lean to and courtyard to the rear of the property.

FIRST FLOOR -

Self contained flat with Kitchen, Lounge, 2 bedrooms and shower room. Approx 487sqft

LEASE INFORMATION -

The takeaway will be sold with vacant possession and we are informed the flat is let on an Assured Shorthold Tenancy basis at £750pcm.

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VAT -

We are informed that VAT is not applicable to the property.

ENERGY PERFORMANCE CERTIFICATE -

Shop Rating: D
Flat Rating: D

SOLICITOR -

Mr D Lander, Barcan + Kirby
Tel: 0117 992 8841
Email: d.lander@barcankirby.co.uk

BUYER'S PREMIUM -

Please be advised that all purchasers are subject to a £1,000 plus VAT (£1,200 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 £1,200 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 & BUYER'S 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.