Telephone: 0117 973 4940
This property is due to be auctioned on the 25th July 2019 at The Grace Room, The Bristol Pavilion, County Ground, Nevil Road, Bishopston, Bristol at 7pm.
SUBSTANTIAL FREEHOLD INVESTMENT PROPERTY - FULLY LET PRODUCING £77,100PA
A substantial three storey commercial property arranged as two ground floor retail units (CCR Vape & Kaspa's) and a dental practice (Genix Healthcare) over the partial first and second floors. Approximately 3,296 sq ft of first floor office space with additional kitchen and toilet facilities has been sold off on a long leasehold basis (250 year lease) and is not included in the sale. Both retail units benefit from a prominent road frontage with full width windows and the dental practice is accessed via a central staircase/lift.
Lister House is located on Station Road in the centre of Gloucester with a wide range of amenities on the doorstep including Eastgate Shopping Centre. Gloucester railway station is located just 0.2 miles away and excellent transport links are provided to the M5 motorway.
Ground Floor Retail Unit 1 (CCR Vape) - 840 sq ft (78.1 sq m)
Ground Floor Retail Unit 2 (Kaspa's) - 3,982 sq ft (369.9 sq m)
Partial First Floor (Genix Healthcare) - 706 sq ft (65.6 sq m)
Second Floor (Genix Healthcare) - 4,624 sq ft (429.6 sq m)
Let on a 3 year term to individuals T/A CCR Vape from 5 July 2019 at £10,000pa on an effectively Full Repairing and Insuring basis recoverable by way of a service charge.
Let on a 15 year term to Kaspas (Gloucester) from 1 August 2015 at £30,000pa (subject to 5 yearly rent reviews) on an effectively Full Repairing and Insuring basis recoverable by way of a service charge.
Let on a 15 year term to A & H Developers Ltd T/A Genix Healthcare from 20 April 2012 at £36,500pa on an effectively Full Repairing and Insuring basis recoverable by way of a service charge.
There is also an additional £600 annual ground rent income from the first floor offices that have already been sold off on a long leasehold basis.
Please note that the property has been elected for VAT.
Retail Unit 1: D
Retail Unit 2: D
First Floor Offices: D
Second Floor Offices: D
Ms S Collins, Keith Harvey & Co
Tel: 01858 464327
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.