An extended two-storey retail premises located in the town centre, let to Reflections Hair Salon at £32,000 per annum on a 10-year fully repairing and insuring (FRI) lease (from March 2021) with no break clause.
The property also offers potential for further development to the upper floors and rear, subject to obtaining the necessary planning consents.
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 -
COMMERCIAL INVESTMENT LET AT £32,000PA WITH LONG TERM REDEVELOPMENT POTENTIAL.
DESCRIPTION -
A mid terrace, two storey shop let to an established tenant at £32,000pa. The shop is located on the High Street but also backs onto the Station Road Car Park. The ground floor is well presented, measuring approximately 920 ft², while the first floor provides additional ancillary storage, treatment rooms, kitchen and toilet, measuring approx. 425 ft². The property is let on a 10-year fully repairing and insuring basis from March 2021 with no break clause. The first floor and rear of the property also offer long term potential for redevelopment subject to obtaining the necessary consents and vacant possession.
LOCATION -
The property is situated on the High Street in Nailsea within close proximity to Waitrose supermarket.
ACCOMMODATION -
Please refer to floorplan for approximate room measurements and internal layout.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
TENURE -
Understood to be freehold (although we advise all interested parties to refer to the legal pack for confirmation), subject to the occupational lease.
LEASE DETAILS -
The property is let to House of Clive (Hair & Beauty) Limited T/A Reflections, on a 10 year fully repairing and insuring term from March 2021, at a passing rent of £32,000pa, subject to 3 yearly rent reviews.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: TBC
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.
