PERIOD MIXED-USE PROPERTY WITH HUGE POTENTIAL IN WINFORD
This mixed-use property consists of a community shop/Post Office with an adjoining and characterful three bedroom cottage, set in the peaceful village of Winford. The community shop and Post Office serves all the residents immediate needs and has been the heart of the community for over 50 years. The adjoining 3-bedroom cottage would benefit from some modernisation with the ground floor comprising a cosy period living room, kitchen and sun room. The first floor consists of two double bedrooms, one single bedroom and bathroom. Externally, the property has the rare benefit of an extensive driveway to the side providing ample off-street parking and a generous rear garden with decked area and various outbuildings.
There is scope to incorporate the shop into the cottage as well as extending at the side and rear to create a superb single residence, subject to consents. Alternatively, the shop and cottage could be retained for owner occupation or as a rental investment.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 17 October 2024 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
MIXED-USE PROPERTY - VILLAGE SHOP AND 3-BEDROOM COTTAGE IN WINFORD
DESCRIPTION -
This mixed-use property consists of a community shop/Post Office with an adjoining and characterful three bedroom cottage, set in the peaceful village of Winford. The community shop and Post Office serves all the residents immediate needs and has been the heart of the community for over 50 years. The adjoining 3-bedroom cottage would benefit from some modernisation with the ground floor comprising a cosy period living room, kitchen and sun room. The first floor consists of two double bedrooms, one single bedroom and bathroom. Externally, the property has the rare benefit of an extensive driveway to the side providing ample off-street parking and a generous rear garden with decked area and various outbuildings.
There is scope to incorporate the shop into the cottage as well as extending at the side and rear to create a superb single residence, subject to consents. Alternatively, the shop and cottage could be retained for owner occupation or as a rental investment.
LOCATION -
The peaceful village of Winford boasts a variety of local amenities such as pubs, restaurants and a local primary school. More comprehensive shopping, social and recreational facilities located in Bristol and Bath which are both within commutable distances from the property.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
GROUND FLOOR RETAIL PREMISES -
The retail element of the property comprises of large open-plan shop floor with access to a private kitchen and an internal door leading into the cottage.
REAR COTTAGE -
The cottage comprises a living room, kitchen and sun room with access to the rear garden on the ground floor. The first floor contains two double bedrooms, one single bedroom and bathroom.
OUTSIDE -
The property benefits from a gated, covered yard/driveway to the side providing extensive off-street parking. There is a generous rear garden which includes a decked area, various outbuildings, lawns and mature shrubbery. There is also potential to create access at the rear via Church Road.
SHOP/POST OFFICE TENANCY -
We understand the shop is currently let on a tenancy at will at a current rent of £600 pcm. Whilst the tenants would be keen to continue renting the shop, notice can be given by either party to terminate. Please refer to the online legal pack for a copy of the tenancy at will.
TENURE -
Understood to be freehold, please refer to the online legal pack for confirmation.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Ratings:
Post Office - C
Cottage - TBC
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 £1,500 plus VAT (£1,800 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 (£1,800 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 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.
