316, Southmead Road, Westbury-On-Trym, Bristol, BS10 5EN

Auction Guide £65,000 - For Sale

  • SOLD FOR £70,000 - 23 May Auction
  • Ground floor office with planning for 1x bed flat
  • Potential rental of £10,800per annum
  • 8-week completion

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GUIDE PRICE £65,000-£70,000

FOR SALE BY AUCTION -

This property is due to feature in our online auction on 23 May 2024 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWINGS -

By appointment.

SUMMARY -

SOLD FOR £70,000 - GROUND FLOOR COMMERCIAL UNIT WITH PLANNING FOR 1 BEDROOOM FLAT - POTENTIAL RENT OF £10,800PER ANNUM.

DESCRIPTION -

A sizeable ground floor commercial unit measuring approx. 439 sq. ft. (40.8 sqm) with planning granted to be converted into a 1-bedroom flat. We understand that some internal works have taken place including the removal of a stud wall as well as the erection of a front porch. Once complete we would anticipate a rental figure in the region of £10,800PA.

LOCATION -

Located on the corner of Southmead Rd and Kingsholm Rd the property provides excellent access to a range of local amenities as well as being a short distance from Southmead hospital.

ACCOMMODATION -

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

PLANNING -

Full planning was granted on 27th September 2021 for change of use from Office (A2) to Residential (C3) with external alterations, porch to front and boundary wall under Application No. 21/02008/F.

COMPLETION -

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

ENERGY PERFORMANCE CERTIFICATE (EPC) -

Rating: F

TENURE -

Please refer to the online 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 Southmead Road, Westbury-On-Trym, Bristol