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.
FORMER GROUND FLOOR BANK (APPROX. 1,890 SQ FT)
A substantial ground floor commercial premises previously occupied by HSBC bank. The property requires renovation and would make for an ideal investment with a potential annual rent in the region of £25,000.
The property is situated in a prominent position on Fishponds High Street within close proximity to Aldi, Lidl and Morrisons. There are a wide variety of shops, bars and restaurants locally and easy access is provided to the City Centre and M32 Motorway.
Please refer to floor plan for approximate room measurements and indicative internal layout.
The property benefits from a small rear yard.
The property was previously occupied by a bank (A2 Use Class). Alternative uses such as A3 (Restaurant/Cafe) or D1 (Nurseries/Health Care/Education) may be suitable, subject to obtaining the necessary planning consents.
The property is to be sold on the residue of a 999 year lease. Please refer to legal pack for further details.
We anticipate a market rent for the property in the region of £25,000 per annum, depending on the condition and use class when offered for let.
Mr E Langford, Meade King
Tel: 0117 926 4121
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.