A mixed use investment comprising a ground floor shop and two self contained flats. The property is fully let producing £26,100pa with potential to increase further. The flats benefit from modern kitchens, shower rooms, gas central heating and UPVC double glazing.
The property is located in a prominent position on the junction of Lodge Causway, Lodge Hill and Charlton Road in Fishponds.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 24 July 2025, at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
SUMMARY -
A MIXED-USE INVESTMENT PROPERTY COMPRISING A SHOP AND TWO FLATS - LET AT £26,100PA.
VIEWINGS -
By appointment
DESCRIPTION -
A mixed-use investment property comprising a ground floor shop and two self-contained flats. The property is fully let producing £26,100 per annum with potential to increase the rental income. The flats benefit from modern kitchens, shower rooms, gas central heating and UPVC double glazing. A superb investment opportunity in a prominent position.
LOCATION -
Situated in a prominent position on the junction of Charlton Road, Lodge Causeway and Lodge Hill providing easy access to the shops and amenities of Lodge Causeway, Fishponds High Street and Kingswood High Street.
TENANCY DETAILS -
SHOP -
Let to a Barber on a 5 year internal repairing lease from February 2016 to February 2021 at £450pcm. We understand the Barber would like to extend the lease term for a further 5 years and a rent of £550pcm has been proposed, although this has not been renewed as yet.
1A LODGE HILL -
A new 12 month Assured Shorthold Tenancy has recently been agreed for the first floor flat at £900pcm.
1B LODGE HILL -
The ground floor rear flat is let at £825pcm on an Assured Shorthold Tenancy basis.
TENURE -
Offered for sale on a freehold basis, subject to the occupational tenancies noted above.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Shop - C
1A - D
1B - C
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 £1,800 plus VAT (£2,160 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 is £5,000.
If you bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,800 plus 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.
FLOOR PLAN & PHOTOS -
The floor plan is provided for indicative purposes only and should not be relied upon. The photos of flat 1B are library/historic photo taken before it was let.
