Telephone: 0117 973 4940
This property is due to be auctioned on the 26th September 2019 at The Grace Room, The Bristol Pavilion, County Ground, Nevil Road, Bishopston, Bristol at 7pm.
3x GRADE II LISTED PROPERTIES PARTIALLY TENANTED OFFERING POTENTIAL FOR REDEVELOPMENT
3x Substantial Grade II Listed properties arranged as three ground floor shops with additional accommodation above and behind. The shops are let at £31,800pa whilst the upper parts and annexe are offered for sale with vacant possession, offering potential for redevelopment subject to obtaining the necessary consents. Assuming planning consent for residential/shared accommodation could be obtained, we would suggest the property offers the potential to produce a gross rent in the region of £65,000pa.
Situated on the pedestrianised end of Southgate Street close to the junction with Commercial Road, the properties are located a short distance from the Gloucester Quays
Please refer to floor plan for approximate room measurements and internal layout. The floor plan and aerial image is provided purely for indicative purposes only and should not be relied on. We advice all interested parties to refer to the legal pack for details of the title boundary.
The ground floor is let to a Tailors, the upper parts are accessed via the first floor of No. 76.
Arranged as a ground floor Micropub with additional store rooms and toilets which are located behind No. 74.
To the rear of the pub is a stairwell providing access to the first floor.
The first and second floors extend above No. 74 & No. 76.
The ground floor is occupied by a Nail Salon. To the rear is an enclosed courtyard benefitting from pedestrian rear access leading to a rear annexe and a stairwell providing access to the upper parts.
Further accommodation is located to the first and second floor.
78 Southgate Street (Nail Salon): Let at £12,000pa on a 10 year lease from 1st June 2017 subject to a 3 year rent review.
76 Southgate Street (Bar): Let at £10,200pa on a 5 year lease from 16th October 2017.
74 Southgate Street (Tailor): Let at £9,600pa on a 5 year lease from 29 February 2015.
Upper Parts/Annexe: Currently vacant,
74-76 - D
78 - F
Mr L Lucas, Tayntons
Tel: 01452 222430
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.