25 East Street, Bedminster, Bristol, BS3 4HH

Guide Price £150,000 - For Sale By Auction - LOT 18

MIXED-USE INVESTMENT PROPERTY FOR REFURBISHMENT

  • For Sale By Public Auction
  • Tuesday 27th November 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

A mixed-use investment property arranged as a ground floor retail unit, first floor studio flat and a second floor 1 bedroom flat. The property is situated in a prominent trading position on East Street in Bedminster and is in need of complete renovation. Located within close proximity to the city centre and Bristol Temple Meads train station.

FOR SALE BY AUCTION -

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.

VIEWING -

By appointment

SUMMARY -

MIXED-USE INVESTMENT PROPERTY FOR REFURBISHMENT

DESCRIPTION -

A three storey mid terraced investment property comprising a ground floor retail unit with the upper floors offering great scope for renovation or conversion to a maisonette, subject to obtaining the necessary planning consents.

LOCATION -

Situated in a prominent position on East Street opposite ASDA in Bedminster, the property is conveniently located for access to the city centre and Bristol Temple Meads train station.

ACCOMMODATION -

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

GROUND FLOOR -

Comprising a main retail area with kitchenette and toilet facilities.

FIRST FLOOR -

Unable to inspect at time of visit.

SECOND FLOOR -

Comprising main bedroom, living room, kitchen and bathroom.

LEASE INFORMATION -

Ground Floor - Our client informs us that a new lease is due to be signed with the tenant on an Internal Repairing and Insuring basis for 7 years at £5,400pa subject to a 3.5yr break.

First Floor Studio Flat - We are informed that the flat is let at £125 per week. A copy of a tenancy agreement has not been provided.

Second Floor Flat - Vacant.

ENERGY PERFORMANCE CERTIFICATE -

Ratings:
Ground Floor: F
Mid Floor Flat: F
Top Floor Flat: G

SOLICITOR -

Mr P Hogan
Henriques Griffiths
18 Portland Square
Bristol BS2 8SJ
Tel: 0117 909 8451
Email: phogan@henriquesgriffiths.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.