132, Station Road, Yate, Bristol, BS37 4PQ

Auction Guide £275,000 - For Sale

  • 25 April LIVE ONLINE AUCTION
  • 3 Storey Commercial Premises With Redevelopment Potential
  • Large Car Park with Grounds
  • 8 Week Completion

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A substantial three-storey detached period office building with a large car park to the side and further grounds to the rear, occupying a generous plot of approx. 0.21 acres. The office is currently occupied on a license agreement at £1,200pcm however we understand this can be terminated by either party with 3 months notice period. 132 Station Road will appeal to those looking for a substantial office space in the heart of Yate. But also to those interested in the potential of residential conversion, subject to consents. A superb redevelopment opportunity situated in a central location in Yate.

FOR SALE BY AUCTION -

This property is due to feature in our online auction on 25 April 2024 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWINGS -

By appointment.

SUMMARY -

SUBSTANTIAL PERIOD OFFICE WITH LARGE CAR PARK - SCOPE FOR REDEVELOPMENT

DESCRIPTION -

A substantial three-storey detached period office building with a large car park to the side and further grounds to the rear, occupying a generous plot of approx. 0.21 acres. The office is currently occupied on a license agreement at £1,200pcm however we understand this can be terminated by either party with 3 months notice period. 132 Station Road will appeal to those looking for a substantial office space in the heart of Yate. But also to those interested in the potential of residential conversion, subject to consents. A superb redevelopment opportunity situated in a central location in Yate.

LOCATION -

Situated on Station Road, Yate the property provides

ACCOMMODATION -

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

132 STATION ROAD - APPROX 1,720 sq ft (160m²) -

The main building currently comprises office accommodation with additional kitchen, toilet and storage facilities. The accommodation is arranged over three floors and retains a wealth of period features.

OUTSIDE -

132 Station Road benefits from an abundance of outside place. Leading to the property is well kept green with mature hedgerow either side. A large parking area with space for at least 8 cars is provided to the side of the property leading onto further green space. To the rear of the property you'll find an outbuilding with further grounds measuring approximately 1,775sq ft laid mainly to gravel with a small out building. We understand that further pedestrian access is provided via Westerleigh Road.

LICENSE AGREEMENT -

The property is let on a license agreement to the current occupier at £1,200per month. We understand that a notice period of 3 months must be given by either party in order to terminate the agreement. Please refer to the online legal pack for further information.

COMPLETION -

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

ENERGY PERFORMANCE CERTIFICATE (EPC) -

Rating: D

BUSINESS RATES -

The Rateable Value with effect from April 2023 is £12,250.

TENURE -

We understand the property to be freehold. Please refer to legal pack for confirmation.

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. We offer Full Management, Let Only and Rent Collection Services. Contact Jessica Archer and her team on 0117 9499000 or email lettings@maggsandallen.co.uk.

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 - £150,000: £5,000
£151,000 and above: £10,000

If you bid is successful, the balance of the deposit monies and Buyer’s Premium (1,500 inc VAT) must be transferred to our client account within 24 houra of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you within 5 working days.

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 Station Road, Yate, Bristol