Telephone: 0117 973 4940
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.
COMMERCIAL INVESTMENT IN PRIME LOCATION - LET PRODUCING £16,060PA
A well-presented mid-terraced retail unit of approximately 650 sq ft, which is let to Ellis Brigham who also occupy both of the neighbouring shops. The property benefits from a prominent retail frontage and also includes the freehold ground rents from the flats above, which have already been sold off on long leases.
The property is situated in a fantastic location on Blackboy Hill, within close proximity to The Kings Arms, Miss Millies, Sainsburys and St Peters Hospice.
Retail Shop: 435 sq ft (40.4 sq m)
Rear Storage: 185 sq ft (17.2 sq m)
The floor plan is provided for indicative purposes only and should not be relied upon.
The property is offered for sale on a freehold basis subject to the long leasehold interests of the 3 flats above, which are not included in the transaction. We understand that the roof, and maintenance thereof, is demised to the top floor flat.
The property is let to Ellis Brigham Limited for a term of 10 years from 29th September 2015, subject to a rent review on 29/09/2020. The current passing rent is £16,000 per annum.
For the year ending 30 June 2018, Ellis Brigham Limited reported an annual turnover of £22,686,596.
There are 3 flats above the ground floor retail unit that have been sold off on a long leasehold basis and produce an additional ground rent income of £60 per annum (£20 per flat).
Mr S Parker
Barcan + Kirby
199a Whiteladies Road
Bristol BS8 2SB
Tel: 0117 905 9786
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.