4 Waterloo Street, Clifton, Bristol, BS8 4BT

Guide Price £235,000 - For Sale By Auction - LOT 20

FREEHOLD COMMERCIAL INVESTMENT - 2 x SHOPS AND 2 x OFFICES

  • 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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The above is offered for indicative purposes only and should not be relied upon. Rates will vary lender to lender and subject to the customer’s specific circumstances. Fee’s may also apply.

Property Details

A freehold commercial investment comprising two ground floor retail units (The Kitchen Man & Rhubarb) with two self-contained office suites on the first floor. The properties are let on 4 separate leases producing a total income of £17,420 per annum with potential to increase. Please note, the maisonette arranged over the partial first floor and second floor has been sold off on a long leasehold basis and is subject to an annual ground rent of £50 (included in rental figure quoted above). Situated in a prime position on Waterloo Street in Clifton Village where freehold investments rarely become available.

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 -

By appointment

SUMMARY -

FREEHOLD COMMERCIAL INVESTMENT - 2 x SHOPS AND 2 x OFFICES

DESCRIPTION -

An attractive mid-terraced period property arranged as two ground floor retail units (The Kitchen Man & Rhubarb) which are separated by a central entrance hallway/lobby which leads to two self-contained first floor office suites. There is a partial first floor and second floor maisonette which has been sold off on a long-leasehold basis (999 year lease) and is not included in the sale. Both retail units are very well-presented and one of the office suites has recently undergone a full refurbishment by the current tenant.

LOCATION -

The property is situated in a prime position on Waterloo Street in Clifton Village, just off Princess Victoria Street. 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.

SCHEDULE OF ACCOMMODATION (Approximate Floor Areas - GIA) -

4A Waterloo St (Rhubarb): 402 sq ft (37.3 sq m) - Shaded blue on plan
4B Waterloo St (The Kitchen Man): 433 sq ft (40.2 sq m) - Shaded pink on plan
Office Suite (North): 141 sq ft (13.1 sq m) - Shaded yellow on plan
Office Suite (South): 131 sq ft (12.1 sq m) - Shaded green on plan

LEASE DETAILS -

4A Waterloo Street - Let for a term of 5 years from 25/03/2013 at a rent of £7,250 per annum - Tenant holding over.

4B Waterloo Street - Let for a term of 5 years from 25/03/2013 at a rent of £7,000 per annum - Tenant holding over.

Office Suite (North): Let for a term of 3 years from 29/09/2003 at a rent of £1,560 per annum - Tenant holding over.

Office Suite (South) - Let for a term of 3 years from 25/12/2017 at a rent of £1,560 per annum.

GROUND RENT -

There is also an additional £50 annual ground rent income from the maisonette that has already been sold off on a long leasehold basis.

ENERGY PERFORMANCE CERTIFICATE (EPC) RATINGS -

TBC

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.

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* 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.