60 High Street, Hanham, Bristol, BS15 3DR

Guide Price £425,000 - For Sale By Auction - LOT 22

COMMERCIAL INVESTMENT - 2 x SHOPS & FIRST FLOOR OFFICES LET AT £38,950PA

  • 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 substantial freehold commercial investment comprising two self-contained shops and a large first floor office, which is fully let producing £38,950 per annum with potential to increase. One shop is let to Ladbrokes Coral and the other as a Cycle Repair Shop, the first floor is let to Mama Bear's Day Nursery as their headquarters. The property is situated in a highly prominent position on the High Street in Hanham.

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 -

COMMERCIAL INVESTMENT - 2 x SHOPS & FIRST FLOOR OFFICES LET AT £38,950PA

DESCRIPTION -

A substantial detached two storey commercial investment property arranged as two ground floor retail units with offices above. The property is fully let to well-established tenants producing £38,950 per annum and benefits from parking to the rear and gas central heating (to the first floor offices).

LOCATION -

The property is situated in a prime position the High Street in Hanham. Notable occupiers in the vicinity include The Wetherspoon Free House, Parsons Bakery, St Peter's Hospice and Lloyds Bank. Although the freehold is registered as 60 High Street, we understand the postal address is 62 High Street for the shops and 60-62 High Street for the offices.

ACCOMMODATION -

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

SCHEDULE OF ACCOMODATION (Approximate Floor Areas) -

Cycle Shop: 1,133 sq ft (Gross Internal Area) with additional external store of 257 sq ft
Coral: 1,245sqft (Gross Internal Area)
First Floor Offices: 1,190sqft (Net Internal Area)

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OUTSIDE -

The property benefits from parking to the rear accessed via Anstey's Road.

LEASE DETAILS -

60A High Street -

Let on a 5 year term from 25th March 2019 at £13,200pa on an effectively Full Repairing and Insuring basis (25% liability) recoverable by way of a service charge.

60B High Street -

Let to Coral Racing Limited on a 15 year term from 25/3/2008 at £12,000pa on an effectively Full Repairing and Insuring basis (25% liability) recoverable by way of a service charge.

First Floor Offices -

Let to Mama Bear's Day Nursery Limited on a 5 year term from 25/12/2017 at £13,750pa on an effectively Full Repairing and Insuring basis (50% liability) recoverable by way of a service charge.

ENERGY PERFORMANCE CERTIFICATE (EPC) RATINGS -

60A - C
60B - TBC
First Floor - B

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.