238, Stapleton Road, Easton, Bristol, BS5 0NT

Auction Guide £425,000 - Sold Subject to Contract

  • 15 February Auction
  • Spacious freehold mixed-use property
  • Potential rental income in excess of circa £50,000 PA
  • Ground floor cafe, yoga studio and 3-bedroom maisonette
  • 8-week completion



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A substantial mixed-use property arranged as a well-presented ground floor café with additional basement storage and a rear yoga studio with a stunning 3-bedroom maisonette above. The maisonette has been extensively renovated and reconfigured to provide loft style apartment with a superb open-plan kitchen/dining/living room with valuated ceiling on the top floor.

The property is offered for sale with vacant possession and presents a superb opportunity for owner occupiers or investors with a potential rental income in the region of £50,000 per annum once fully occupied.

In addition Prior Approval was granted in 2015 for the conversation of the rear of the ground floor into a self-contained residential flat.

FOR SALE BY AUCTION -

This property is due to feature in our online auction on 15 February 2024 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWINGS -

Strictly by appointment with Maggs & Allen.

SUMMARY -

SOLD PRIOR

DESCRIPTION -

A substantial mixed-use property arranged as a well-presented ground floor café with additional basement storage and a rear yoga studio with a stunning 3-bedroom maisonette above. The maisonette has been extensively renovated and reconfigured to provide loft style apartment with a superb open-plan kitchen/dining/living room with valuated ceiling on the top floor.

The property is offered for sale with vacant possession and presents a superb opportunity for owner occupiers or investors with a potential rental income in the region of £50,000 per annum once fully occupied.

In addition Prior Approval was granted in 2015 for the conversation of the rear of the ground floor into a self-contained residential flat.

LOCATION -

Located in a prominent position amongst a varied parade of shops on Stapleton Road, the property provides excellent street presence and footfall. Easy access is also provided to the city centre and M32.

ACCOMODATION -

Please refer to floorplan for approximate room measurements and internal layout

GROUND FLOOR -

Comprising a well-presented café fronting Stapleton Road with WC and staff area. To the rear of the ground floor is a studio space (previously used as a yoga studio) with separate access from Kensington Avenue. Prior approval was granted in 2015 for conversion of this area into a flat.

BASEMENT -

Comprising toilets and a large store room.

MAISONETTE - (Approx. 133 m²) -

Comprising three bedrooms and three bathrooms on the first floor with a stunning open-plan kitchen/dining/living space on the second floor.

TENURE -

The property is for sale on a freehold basis with vacant possession upon completion.

PLANNING -

Prior approval was granted on 22nd January 2015 for the change of use of ground floor from office floorspace within Use Class A2 to 1 unit of residential accommodation falling within Class C3 (dwellinghouses) under Application Reference: 14/05876/COU.

COMPLETION -

Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.

ENERGY PERFORMANCE CERTIFICATE -

Rating: D

LETTING - WHAT CAN MAGGS & ALLEN ACHIEVE FOR YOU? -

Maggs & Allen's experienced letting team are happy to discuss the rental of this property and can advise on maximising the investment. Contact our Commercial Lettings Department for further details - 0117 973 4940.

AUCTION OR BRIDGING FINANCE REQUIRED? -

Do you need a mortgage or loan quickly?

Maggs & Allen have specialist Independent Brokers who can arrange residential and commercial finance on all types of property.

Contact the Auction Team today to be put through to our mortgage and loan experts on 0117 9734940 or email admin@maggsandallen.co.uk

BUYER'S PREMIUM -

Please be advised that all purchasers are subject to a £1,250 plus VAT (£1,500 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.

RENTAL ESTIMATES -

All rental estimates are provided in good faith. They should be verified by your own professional advisors prior to a commitment to purchase.

Floorplan for Stapleton Road, Easton, Bristol