153-155 , East Street, Bedminster, Bristol, BS3 4EJ
, BS3 4EJ
Price: Sale Price: £165,000
Size: SOA Primary Category: Investment All Categories:
Investment, Property Ref/Movehut: MH617483 Property Ref/Agent: 28748859/bristol/east-street
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: June 15, 2019
SOLD PRIOR. A two storey double-fronted commercial investment currently let producing £13,500 per annum (tenant holding over) offering potential for a rent increase or redevelopment, subject to obtaining the necessary consents and vacant possession. The property is situated in a prominent position on East Street in Bedminster backing onto the Robinson Building.
FOR SALE BY AUCTION -
This property is due to be auctioned on the 18th June 2019 at The Grace Room, The Bristol Pavilion, County Ground, Nevil Road, Bishopston, Bristol at 7pm.
A double-fronted commercial investment property arranged over two storeys with additional rear courtyard. The property is currently let at £13,500 per annum with the tenants holding over.
We would suggest that the market rent lies in the region of £18,000 - £20,000 per annum or more if the first floor was converted into residential accommodation.
The property is adjacent to the Bedminster Post Office and opposite HSBC bank in a prominent position on East Street, close to the junction with Cannon Street.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
SCHEDULE OF ACCOMODATION (Approximate Floor Areas) -
Retail Area: approx. 560 sq ft
Additional Sales, storage and office areas: 518 sq ft
First Floor: 510 sq ft (713 sq ft Gross Internal Area)
The property benefits from a courtyard garden to the rear.
LEASE DETAILS -
The property is let on a 5 year lease from 24th June 2010 at a rent of £13,500 per annum. The tenant is currently holding over.
Please be advised that all purchasers are subject to a £1,000 plus VAT (£1,200 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 BIDDING -
If you are unable to attend the auction then you can submit a proxy bid. This will authorise a representative of Maggs & Allen to bid on your behalf up to a pre-set amount. The proxy bidding form 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 2 cheques (one for the 10% deposit and one for the buyer's premium of £1,200 inc VAT) is required by the auction department no later than 4pm on the day of the auction.
ATTENDING THE AUCTION -
If you are intending to bid and are successful, the following will be required:
* Proof of identity (valid passport or photo driving licence).
* Proof of address (bank statement, recent utility bill, council tax bill or tenancy agreement).
* 10% deposit payment.
* Buyer's premium payment.
* Details of your solicitor.
DEPOSIT & BUYER'S PREMIUM PAYMENTS -
Forms of acceptable payment:
* Bankers Draft
* Debit Card Payment
For card payments:
Please ensure that you advise your bank of the potential payment prior to the auction.
Maggs & Allen use all reasonable endeavors to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.
EPC for 153-155 , East Street, Bedminster, Bristol, BS3 4EJ
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