High Street, Congresbury, Bristol BS49 5JA

Guide Price £75,000 - For Sale

  • For Sale By Public Auction
  • Thursday 17th June 2021
  • Remote Online, Proxy & Telephone Auction
  • Legal Packs via our website

REMOTE BIDDING FORM

Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

SOLD PRIOR. A freehold end of terrace property comprising a vacant ground floor shop of approximately 465 sq ft with an additional two storey annexe to the rear of approx. 540 sq ft. The freehold also includes a first floor flat although this been sold off on a leasehold basis with approximately 63 years remaining. The shop/annexe would suit both investors and owner occupiers. and also offers potential for residential conversion, subject to obtaining the necessary consents.

FOR SALE BY AUCTION -

This property is due to feature in our online auction on 17th June 2021 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWING -

SOLD PRIOR

SUMMARY -

SOLD PRIOR

DESCRIPTION -

A ground floor shop of approximately 465 sq ft (43.2 sq m), which is predominantly open-plan with some internal partitions and WC. To the rear of the property is a small yard benefiting from vehicular access, and a two storey annexe of approximately 540 sq ft. The annexe is currently used for storage but could suit a variety of uses. The first floor flat has been sold off on a leasehold basis and access is obtained from the rear of the shop.

LOCATION -

The shop is situated on the High Street in Congresbury, within close proximity of the junction with the A370 Bristol Road providing access to Weston-super-Mare and Bristol.

TENURE -

The freehold of the shop, flat and annexe is offered for sale.
The shop and annexe is offered with vacant possession.
The lease of the first floor flat is owned by another party for a term of 99 years from March 1985 and is subject to a ground rent of £20 per annum, hence there is approximately 63 years remaining on the flat lease.

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ACCOMMODATION -

Please refer to floor plan for approximate room measurements and indicative layout.

RENTAL POTENTIAL -

We would anticipate a potential rent of circa £10,000 per annum for the shop and annexe.

ENERGY PERFORMANCE CERTIFICATE -

Rating: D

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, TELEPHONE & ONLINE REMOTE BIDDING -

The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which 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 a cheque/bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.

PRELIMINARY DEPOSITS -

The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:

£1,000 - £50,000: £2,000
£51,000 - £150,000: £5,000
£151,000 and above: £10,000

If your bid is successful, the balance of the deposit monies and Buyer's Premium (£1,200 inc VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you.

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Maggs & Allen use all reasonable endeavours 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.