SUBSTANTIAL FREEHOLD INVESTMENT
A substantial freehold mixed-use investment property in a highly sought-after position on St Michaels Hill in Kingsdown. This impressive property comprises a spacious ground floor restaurant with additional basement, with a generously proportioned two-storey maisonette occupying the first and second floors.
To the rear, the property benefits from a sizeable parcel of land featuring a collection of outbuildings with a right of way from Paul Street, offering exciting potential for further development (subject to the necessary consents).
Once fully refurbished and let, the property offers a strong potential rental income in the region of £59,000 per annum, making it an ideal investment/redevelopment opportunity in a vibrant and well-connected location.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 18 September 2025 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment.
SUMMARY -
SUBSTSTANTIAL MIXED-USE INVESTMENT PROPERTY WITH DEVELOPMENT POTENTIAL
DESCRIPTION -
A substantial freehold mixed-use investment property comprising a substantial ground floor restaurant with additional basement, a large two storey maisonette on the first and second floors and a parcel of land to the rear occupied by various outbuildings. The property is situated in a prime position on St Michaels Hill in Kingsdown and presents a superb investment opportunity with a potential rent of circa £59,000 per annum once fully occupied and refurbished. The land and buildings at the rear benefit from a right of access from Paul Street and may offer scope for further development, subject to consents.
With accommodation spanning approximately 390 m² and a site area of circa 0.13 acres, this is an opportunity not to be missed.
ACCOMMODATION -
Ground & Basement Level Restaurant - Approx. 291 m²
First & Second Floor Maisonette - Approx. 105 m²
Please note the measurements below have been taken from the EPCs and have not been verified.
LOCATION -
The property is situated in a prime position on St Michaels Hill in Kingsdown in a mixed parade of shops. There are a wide range of independent restaurants and bars within the vicinity and excellent transport links are provided to the city centre.
TENANCY DETAILS -
Please refer to the online legal pack for details of any existing tenancies.
We understand the restaurant will be sold vacant.
We understand the maisonette is let on an AST and we await a copy of the tenancy agreement.
RESTAURANT FLOOR PLAN -
Please note the restaurant floor plan was produced in 2020 and internal alterations may have been carried out since.
TENURE -
The property is for sale on a freehold basis, subject to any existing tenancies included in the legal pack.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: D
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
*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.
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.
HMO LICENSING & PLANNING -
HMO licensing regulations and planning requirements are subject to regular changes, updates and even individual interpretations by the Local Authority. Prospective buyers are therefore required to make their own enquiries with the Local Authority and review the documents contained in the auction legal pack fully to satisfy themselves that the property is compliant in this respect. Maggs & Allen accept no liability in the event that any Licensing or Planning requirements/documents are not in order at the point of sale.
