156 & 158 Church Road, Redfield, Bristol, BS5 9HX

Guide Price £150,000 - For Sale By Auction - LOT 4

COMMERCIAL INVESTMENT/DEVELOPMENT OPPORTUNITY

  • For Sale By Public Auction
  • Tuesday 25th September 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

INVESTMENT/DEVELOPMENT OPPORTUNITY - 2 GROUND FLOOR SHOPS WITH ANCILLARY ACCOMMODATION ABOVE Opportunity to purchase 2 ground floor shop units with first floor ancillary space above, situated in a prominent position on Church Road in Redfield. 156 Church Road is let on a 3 year lease at £6,000pa whilst 158 Church Road is to be sold with vacant possession. The property offers potential for conversion of the first floors to provide residential accommodation, subject to obtaining the necessary consents.

FOR SALE BY AUCTION -

This property is due to be auctioned on the 25th September 2018 at The Grace Room, The Bristol Pavilion, County Ground, Nevil Road, Bishopston, Bristol at 7pm.

VIEWING -

By appointment

SUMMARY -

COMMERCIAL INVESTMENT/DEVELOPMENT OPPORTUNITY

DESCRIPTION -

A pair of adjoining commercial properties comprising two ground floor shops with ancillary accommodation on the first floor offering development potential, subject to consents. A potentially high-yielding commercial investment with potential to add value through the conversion of the upper floors.

LOCATION -

The properties are situated in a prominent trading position on Church Road on the corner of Barnes Street. Excellent transport links are provided to the City Centre and M32. Other notable occupiers in the vicinity include Tesco Metro, Aldi, William Hill and a wide range of independent retailers and cafes.

ACCOMMODATION -

Please refer to floor plan for approximate room measurements and internal layout of the ground floor. We were unable to gain access to the first floor at the time of inspection.

156 CHURCH ROAD -

Comprising a ground floor barbers shop with additional storage and toilet facilities and access to the vacant ancillary accommodation on the first floor of both properties. This shop is let on a 3 year lease from February 2018 at a rent of £6,000 pa.

158 CHURCH ROAD -

Currently trading as a pet shop with additional storage and toilet facilities, this shop will be sold with vacant possession upon completion. Please note that access to the first floor is currently via a hatch within 156 Church Road.

ENERGY PERFORMANCE CERTIFICATE -

Ratings:
156 Church Road - G.
158 Church Road - D.

SOLICITOR -

Ms K Bartlett
Wards
6-8 Fountain Court
New Leaze
Woodlands Lane
Bradley Stoke BS32 4LA
Tel: 01454 204 880
Email: katrina.bartlett@wards.uk.com

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.

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