9 The Mall, Clifton, Bristol, BS8 4DP

Guide Price £375,000 - For Sale By Auction - LOT 21

FIVE STOREY FREEHOLD INVESTMENT - RESTAURANT & TWO BEDROOM MAISONETTE

  • For Sale By Public Auction
  • Tuesday 18th June 2019
  • 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 five storey freehold investment property arranged as a cafe/restaurant over the ground and basement levels with a three storey, two bedroom maisonette above. The property is situated in a fantastic position adjoining 'The Ivy' on The Mall in Clifton Village, where freehold investments rarely become available and is currently let producing £19,750 per annum with potential to increase at the end of the lease term (June 2019).

FOR SALE BY AUCTION -

This property is due to be auctioned on the 18th June 2019 at The Grace Room, The Bristol Pavilion, County Ground, Nevil Road, Bishopston, Bristol at 7pm.

VIEWING -

Thursdays 4.30pm - 5.00pm

SUMMARY -

FIVE STOREY FREEHOLD INVESTMENT - RESTAURANT & TWO BEDROOM MAISONETTE

DESCRIPTION -

A substantial mixed-use freehold investment property currently arranged as a ground and basement level cafe/restaurant with a self-contained 2 bedroom maisonette spanning the top three floors. The ground floor provides the main seating area and bar, a commercial kitchen and customer toilet facilities whilst the basement level provides additional restaurant seating and storage. The maisonette would benefit from some updating and comprises a lounge, kitchen with door onto a roof terrace, two double bedrooms and a bathroom.

LOCATION -

The property is situated in a fantastic position on The Mall adjoining 'The Ivy' and within close proximity to The Clifton Club. Clifton Village is a beautiful suburb of Bristol, renowned for some of the most iconic destinations in Bristol, including Brunel's Suspension Bridge, the Observatory and Bristol Zoo.

FLOOR PLAN -

The floor plan is provided for indicative purposes only and should not be relied upon.

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SCHEDULE OF ACCOMMODATION (Approximate Floor Areas - GIA) -

Ground Floor Restaurant: 726 sq ft (67.5 sq m)
Basement: 343 sq ft (31.9 sq m)
First, Second and Third Floor Maisonette: 693 sq ft (64.4 sq m)

LEASE DETAILS -

The whole property is let on a 25 year Full Repairing and Insuring lease from 24/6/1994 at a passing rent of £19,750 per annum. The original lease was assigned to the current tenant on 20/4/2015.

ENERGY PERFORMANCE CERTIFICATE (EPC) RATINGS -

9 The Mall (Restaurant): TBC
9A The Mall (Maisonette): G

SOLICITOR -

Mr S Parker
Barcan + Kirby
199a Whiteladies Road
Clifton
Bristol BS8 2SB
Tel: 0117 905 9786
Email: s.parker@barcankirby.co.uk

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.