Telephone: 0117 973 4940
This property is due to be auctioned on the 18th April 2019 at The Grace Room, The Bristol Pavilion, County Ground, Nevil Road, Bishopston, Bristol at 7pm.
SINGLE STOREY COMMERCIAL PREMISES WITH PLANNING FOR 4 STUDIO FLATS ABOVE
A single storey retail/office premises with full planning consent granted for the erection of two additional floors above comprising 4 studio flats. The existing commercial premises benefits from A2 planning consent and was renovated and extended 2 years ago and is in excellent condition throughout. An ideal investment/development opportunity in a prominent location in Stonehouse.
The property is situated in a prime location on the High Street in the town of Stonehouse in the Stroud District of Gloucestershire. Easy access is provided to Bristol, Gloucester and Cheltenham via the M5 motorway.
Please refer to floorplan for approximate room measurements and internal layout.
Comprising a main reception/office area with full width window to the front, a raised level rear office, two further offices, kitchen and toilet facilities.
We would anticipate a market rent for the existing commercial premises to be in the region of £11,000 per annum. Once the studio flats have been completed we would expect a rent of £450 per calendar month per flat giving a potential total income for the building of £32,600 per annum.
Full planning consent has been granted for two additional floors to be erected above the ground floor commercial unit comprising 4 studio flats. Works have commenced on the development through the ground floor extension that was carried out in 2016 and the application is therefore considered 'live'.
Construction of 2 upper floors above existing commercial premises to create residential units and ground floor extension to commercial premises.
9th December 2013.
Stroud District Council.
Mr H Read
30 Bath Road
Gloucestershire GL10 2JA
Tel: 01453 791461
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.