346-350, Stapleton Road, Easton, Bristol, BS5 0NN

Auction Guide £250,000 - For Sale

  • For Sale By LIVE ONLINE AUCTION
  • Thursday 30th June 2022
  • Remote Online, Proxy & Telephone Bidding
  • Legal Packs via our website

A substantial mixed-use investment opportunity situated in a prominent position on Stapleton Road. The property comprises two self-contained flats, the first floor is let at £650pcm and the second floor is due to be let at £650pcm imminently plus a vacant ground floor shop with further rooms on the lower-ground floor. The shop offers potential for residential conversion or continued commercial use with an approximate rent of £7,800 per annum. A fantastic opportunity for investors and developers alike.

FOR SALE BY AUCTION -

This property is due to feature in our online auction on 30th June at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWINGS -

Strictly by Appointment with Maggs and Allen.

SUMMARY -

SOLD PRIOR
SUBSTANIAL MIXED-USE INVESTMENT OPPORUTNITY ON STAPLETON ROAD

DESCRIPTION -

A substantial period building currently arranged as a mixed-use investment. The property comprises two self-contained flats, the first floor is let at £650pcm and the second floor is due to be let at £650pcm imminently plus a vacant ground floor shop which offers scope for residential conversion or continued commercial use. The shop currently has an approximate rental value £7,800 per annum however this could be significantly increased following a conversion. A fantastic opportunity for builders, investors and developers.

LOCATION -

The property is situated on Stapleton Road in Easton with excellent access to the City Centre and the M32 Motorway. A wide range of shops, restaurants and other amenities can be found on Stapleton Road and St Marks Road.

ACCOMMODATION -

Please refer to floorplan for approximate room measurements and internal layout.

TENURE -

346- 348 Stapleton Road are understood to be freehold with 350 Stapleton Road being sold on the residue of a 999 year lease.

LOCAL AUTHORITY -

Bristol City Council

ENERGY PERFORMANCE CERTIFICATE -

Ground Floor Shop Rating: D
First Floor Flat Rating: D
Second Floor Flat Rating: D

BUYER'S PREMIUM -

Please be advised that all purchasers are subject to a £1,200 plus VAT (£1,440 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 (£1,440 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.

Floorplan for Stapleton Road, Easton, Bristol