A mixed-use investment property arranged as a ground floor shop, with a self contained and recently renovated 2-bedroom maisonette above. The shop is let to Greggs PLC at a rent of £8,250 per annum. The maisonette is currently vacant but we would anticipate a market rent in the region of £1,300pcm once let.
The property therefore offers the potential to produce a gross annual rent of approx. £23,850 per annum. The property is situated in a prominent High Street position in Southmead.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 25 June 2026 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
Strictly by appointment with Maggs & Allen.
SUMMARY -
MIXED-USE INVESTMENT PROPERTY - SHOP & MAISONETTE WITH POTENTIAL RENT OF £23,850 PA
DESCRIPTION -
A mixed-use investment property arranged as a ground floor shop with a self contained and recently renovated 2-bedroom maisonette above. The shop is let to Greggs PLC at £8,250 per annum and whilst the maisonette is offered for sale with vacant obsession, we would anticipate a rent in the region of £1,300pcm.
The property therefore offers the potential to produce a gross annual rent of approx. £23,850 per annum.
LOCATION -
The property is situated in a prominent High Street location in Southmead. Neighbouring occupiers include Morrisons Daily and Iceland.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
LEASE DETAILS -
SHOP -
The shop is let to Greggs PLC on a 5 year effectively Full Repairing and Insuring lease from September 2023 at a passing rent of £8,250 per annum.
MAISONETTE -
The maisonette is offered for sale with vacant possession, although we would anticipate a market rent in the region of £1,300 pcm.
TENURE -
Understood to be freehold but we advise all interested parties to refer to the 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) -
Rating: Shop: TBC
Flat: E
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 your 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.
