162 , Whiteladies Road, Clifton, Bristol, BS8 2XZ
, BS8 2XZ
Price: Property no longer available.
Size: SOA Primary Category: Investment All Categories:
Investment, Property Ref/Movehut: MH617594 Property Ref/Agent: 28748858/city-of-bristol/bristol/whiteladies-road
*Please use the agent ref when calling the agent directly.
SOLD PRIOR. A freehold ground floor commercial investment situated in a prime position at the top of Whiteladies Road, which is let on a 10 year lease from 2015 to Ellis Brigham at £16,000 per annum, subject to a rent review in May 2020. In addition the property includes £60 per year in ground rents from the the 3 flats above that have already been sold off on a long-leasehold basis. A rare opportunity to purchase a freehold commercial investment in this location.
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 well-presented mid-terraced retail unit of approximately 650 sq ft, which is let to Ellis Brigham who also occupy both of the neighbouring shops. The property benefits from a prominent retail frontage and also includes the freehold ground rents from the flats above, which have already been sold off on long leases.
The property is situated in a fantastic location on Blackboy Hill, within close proximity to The Kings Arms, Miss Millies, Sainsburys and St Peters Hospice.
SCHEDULE OF ACCOMMODATION (Approximate Floor Areas) -
Retail Shop: 435 sq ft
(40.4 sq m)
Rear Storage: 185 sq ft (17.2 sq m)
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
The property is offered for sale on a freehold basis subject to the long leasehold interests of the 3 flats above, which are not included in the transaction. We understand that the roof, and maintenance thereof, is demised to the top floor flat.
LEASE DETAILS -
The property is let to Ellis Brigham Limited for a term of 10 years from 29th September 2015, subject to a rent review on 29/09/2020. The current passing rent is £16,000 per annum.
COVENANT STRENGTH -
For the year ending 30 June 2018, Ellis Brigham Limited reported an annual turnover of £22,686,596.
GROUND RENTS -
There are 3 flats above the ground floor retail unit that have been sold off on a long leasehold basis and produce an additional ground rent income of £60 per annum (£20 per flat).
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 162 , Whiteladies Road, Clifton, Bristol, BS8 2XZ
Property Date Information
Last Updated: 27th Jun 2019
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