GUIDE PRICE £200,000-£225,000. An exciting opportunity to purchase a mixed use investment on Two Mile Hill Road. The property comprises a well presented ground floor office/shop with a self contained flat above. While the flat is currently let on £525pcm we believe through modernisation there is potential to increase the rent to £795pcm. We would anticipate a rental income for the ground floor in the region of £10,800pa Therefore the potential gross annual rent when fully let is circa £20,340pa.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 29th July 2021 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
MIXED USE INVESTMENT PROPERTY
An exciting opportunity to purchase a mixed use investment on Two Mile Hill Road. Well presented ground floor office/shop with a flat above. The property benefits from great access to Bristol City Centre. While the flat is currently let on £525pcm we believe through modernisation there is potential to increase this to £795pcm.
We would anticipate a rental income for the ground floor shop in the region of £10,800pa
Potential gross annual rent of circa £20,340pa once the whole property is fully let.
Situated on Two Mile Hill Road and within close proximity to Regent Street the property is located approximately 3.4 miles from Bristol City Centre.
Please refer to floorplan for approximate room measurements and internal layout.
GROUND FLOOR -
Ground floor is arranged as a shop with three separate office spaces along with a kitchen/utility room. To be sold vacant. We would anticipate a rental value in the region of £10,800pa.
FIRST FLOOR -
First floor flat comprising a kitchen, living room/diner, double bedroom and shower room - Currently let on an AST at £525pcm.
TENANCY DETAILS -
Please refer to legal pack for AST details
ENERGY PERFORMANCE CERTIFICATE -
Ground Floor - D
First Floor - F
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.
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.