Telephone: 0117 973 4940
This property is due to be auctioned on the 27th November 2018 at The Grace Room, The Bristol Pavilion, County Ground, Nevil Road, Bishopston, Bristol at 7pm.
WELL-PRESENTED COMMERCIAL INVESTMENT - LET PRODUCING £21,875 PA
A modern and well-presented light industrial unit (approx. 2,979 sq ft), situated on a popular industrial estate in Yate. The property is arranged over two storeys to provide a range of office and storage space with kitchen and toilet facilities. Further benefits include 3 tandem car parking spaces and a full height roller shutter door with loading bay.
This end-terraced property is situated on the Alpha Centre estate at the end of Armstrong Way in Yate. Easy access is provided to Yate town centre and the motorway networks via the A432 and A4174 Ring Road.
Please refer to floorplan for approximate room measurements and internal layout.
Comprising a meeting room, control room, staff room/office, loading bay, store rooms, 2 kitchens and various toilet facilities.
Comprising 4 office suites and a mezzanine storage level.
The property is let to RVRC Properties Limited on an effectively Full Repairing and Insuring lease for 10 years expiring in January 2023. The passing rent is £21,875 per annum. A copy of the lease is available in the online legal pack.
The property is to be sold on the residue of a 150 year lease from 25th March 1982 with approximately 114 years remaining.
Ms C Dollimore
3 Acorn Business Park
Poole BH12 4NZ
Tel: 01202 725400
6 weeks or earlier by arrangement
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 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.
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.
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.
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.
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.
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.