Property Information
Address:
142 & 144, Wells Road, Bristol
, BS4 2AG
Price: Property no longer available.
Size: SOA
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH596237
Property Ref/Agent: 21192_27534515
*Please use the agent ref when calling the agent directly.
Property description
Opportunity to purchase 2 ground floor shop units measuring approximately 2,000sqft in total.
The properties have previously been used as a takeaway/restaurant and a community use and are now in need of renovation.
We feel there is potential for a variety of different uses including a large cafe/restaurant, retail premises, children's play cafe or other community uses, subject to obtaining the necessary consents. Offered for sale with vacant possession.
For Sale By Auction - This property is due to be auctioned on the 27th February 2018 at The Grace Room, The Bristol Pavilion, County Ground, Nevil Road, Bishopston, Bristol at 7pm.
Viewing - Monday & Wednesdays 11.00am - 11.30am
Summary - DOUBLE FRONTED SHOP OF APPROXIMATELY 2,000SQFT
Description - A double fronted property currently arranged as two separate commercial units previously trading as a restaurant/takeaway and a community use. The property offers potential for conversion to one large restaurant or retail premises, or could be retained as two separate units.
Once renovated we would anticipate a market rent in the region of £25,000pa if let as one premises or potentially more if the property was divided into 2-3 separate units.
Location - The property is situated in a highly prominent position on Wells Road in Totterdown within close proximity to the 'Banco Lounge' and easy reach of Bristol Temple Meads train station.
Accommodation - Please refer to floor plan for approximate room measurements and internal layout. Please note that the floor plan is provided for indicative purposes only and should not be relied upon.
Ground Floor - Currently partitioned to create two separate units with a further, large studio to the rear which offers further potential for subdivision if required (subject to consents).
Outside - We understand there is additional space to the rear of the property designated for communal bin storage.
Tenure - We understand the units are held on 2 separate long leasehold titles (residue of 999 years). We are informed that the successful purchaser will also be appointed a director of the management company which holds the freehold of the property.
Rateable Value - 142 Wells Road - £8,600
144 Wells Road - £10,250
Energy Performance Certificate - Rating: F
Notes - We understand an application has been made to register the property as an Asset of Community Value, please contact the office for further information.
Solicitor - Ms K Bartlett
Wards
6-8 Fountain Court
New Leaze
Woodlands Lane
Bradley Stoke BS32 4LA
Telephone: 0
Email:
Buyers Premium - Please be advised that all purchasers are subject to a £750 plus VAT (£900 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 £900 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 & Buyers Premium Payments - Forms of acceptable payment:
* Cheque
* 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.
;