SOLD FOR £327,500 - A substantial freehold mixed-use corner property comprising a ground floor cafe with four bed-sits above and a large garage/workshop to the rear. The property is offered for sale with vacant possession and presents a fantastic investment opportunity with scope for complete redevelopment, subject to consents. Situated in a highly prominent position on Church Road, easy access is provided to a wide range of local amenities and St Georges Park.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 14 September 2023 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
SOLD FOR £327,500 - SUBSTANTIAL FREEHOLD MIXED-USE PROPERTY FOR INVESTMENT/REDEVELOPMENT
DESCRIPTION -
A substantial freehold mixed-use corner property comprising a ground floor cafe with four bed-sits above and a large garage/workshop to the rear. The property is offered for sale with vacant possession and presents a fantastic investment opportunity with scope for complete redevelopment, subject to consents. Situated in a highly prominent position on Church Road, easy access is provided to a wide range of local amenities and St Georges Park.
LOCATION -
The property is situated on the corner of Church Road and Beaconsfield Road in St George, directly opposite St Georges Park. Excellent transport links are provided to Bristol city centre and a wide range of shops, bars, restaurants and cafes are available locally.
ACCOMMODATION -
The property is arranged to provide a cafe with seating area and commercial kitchen on the ground floor. The first floor comprises four bed-sits in need of refurbishment and there is a large garage/workshop with up and over door to the rear.
Please refer to floorplan for approximate room measurements and internal layout.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
TENURE -
The property is for sale on a freehold basis with vacant possession.
ENERGY PERFORMANCE CERTIFICATE -
Rating: C
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 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.
