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.
Mondays & Wednesdays 12.15pm - 12.45pm
MIXED-USE INVESTMENT - GROUND FLOOR TAKEAWAY & 2 BED MAISONETTE
A mid-terraced investment property arranged as a ground floor restaurant/takeaway that has recently undergone a full refurbishment with a spacious 2 bedroom maisonette above that is in need of renovation. The ground floor is let on a 10 year lease from January 2019 at a passing rent of £10,000 per annum whilst the maisonette will be sold with vacant possession. An exciting investment opportunity situated in a prime position on Gloucester Road.
The property is situated in a prominent position on Gloucester Road, close to the junction with Ashley Down Road. The neighbouring commercial properties in the vicinity comprise a wide range of independent retail shops, bars and restaurants.
Please refer to floorplan for approximate room measurements and internal layout.
Comprising a very-well presented restaurant/takeaway (approx. 898 sq ft)) arranged to provide a main seating area, serving area, open kitchen/grill, prep area, rear kitchen and toilet facilities. The tenant has just completed a full refurbishment of the premises which is now trading as 'Texas Grill'.
A first and second floor maisonette comprising a lounge, kitchen area, two bedrooms and a bathroom. The maisonette is in need of renovation throughout.
There is a small courtyard garden to the rear of the ground floor takeaway.
We are informed that the ground floor takeaway is let on a 10 year lease from January 2019 at a rent of £10,000 per annum.
The first and second floor maisonette is to be sold with vacant possession and we would anticipate a rental figure in the region of £850 - £900 pcm following completion of the renovation works.
Ground Floor Shop - E
First Floor Flat - TBC
Mr M Powell
1A Queen Square
Bath BA1 2HA
Tel: 01225 666600
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.