Telephone: 0117 973 4940
This property is due to be auctioned on the 26th February 2019 at The Grace Room, The Bristol Pavilion, County Ground, Nevil Road, Bishopston, Bristol at 7pm.
FIRST FLOOR OFFICES WITH CONSENT FOR CONVERSION TO 6 X 1 BEDROOM FLATS
An exciting opportunity to purchase a first floor office suite measuring approximately 3,296 sq ft which benefits from consent for conversion to 6 self-contained 1 bedroom flats. The property also presents a fantastic investment opportunity as retained office space and we would anticipate a market rental figure in the region of £25,000 - £30,000 per annum. A fantastic opportunity for builders, developers and investors.
Lister House is located on Station Road in the centre of Gloucester with a wide range of amenities on the doorstep including Eastgate Shopping Centre. Gloucester railway station is located just 0.2 miles away and excellent transport links are provided to the M5 motorway.
Prior approval to change part of the first floor from offices (B1) to 6 x 1 bedroom flats (C3)
27th April 2018 - Gloucester City Council confirmed that Prior Approval is not required for the proposed development.
Based upon the proposed conversion to 6 x 1 bedroom flats, we would anticipate a Gross Development Value (GDV) of circa £600,000 - £650,000. If the flats were to be let out once the conversion is completed we would expect a gross annual income of circa £40,000.
Please refer to floorplan for approximate room measurements and internal layout.
Comprising 2 large offices with kitchen and toilet facilities.
The property is offered for sale on a leasehold basis. The freeholder has given consent for six new 125 year leases to be granted following the proposed conversion, each subject to an annual ground rent of £100.
Gloucester City Council.
Ms S Collins
Keith Harvey & Company
43 High Street
Tel: 01858 464327
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.