A mixed-use property comprising a well presented ground floor café of approx 660 sq ft, benefiting from commercial extraction and gas central heating. the rear of the ground floor and first floor is arranged as a spacious 3 bedroom self contained maisonette. In addition, the property benefits from a rear yard and dilapidated garage and may offer potential for redevelopment subject to obtaining the necessary consents.
The café is let at £7,500pa although the lease is due for renewal, the flat is offered for sale with vacant possession.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 17 November 2022 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWING -
By appointment
SUMMARY -
SOLD PRIOR - MIXED USE COMMERCIAL INVESTMENT
DESCRIPTION -
A mixed use property comprising a ground floor café, trading as 'Hungry Horace's, café and take away'. The tenant has recently refurbished the café and whilst the lease term has lapsed, we understand they would like to renew. The café benefit's from commercial extraction, gas central heating and pedestrian rear access. In addition there is a 3 bedroom maisonette located to the rear and the first floor. The flat also benefits from gas central heating although is in need of modernisation.
LOCATION -
Situated in a mixed parade on Speedwell Road, close to the junction with Charlton Road, in the suburb's of East Bristol.
TENANCY INFORMATION -
CAFE -
The café is let on a 3 year effectively internal repairing term from February 2017 at a current passing rent of £625pcm (£7,500pa). The lease is therefore due for renewal and we understand the tenant would like to renew.
MAISONETTE -
The flat is offered for sale with vacant possession.
OUTSIDE -
There is a courtyard to the rear with vehicular access, a dilapidated garage and the entrance to the maisonette.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
COMPLETION -
TO BE CONFIRMED
ENERGY PERFORMANCE CERTIFICATE -
Shop - D - Valid to July 2030
Flat - D - Valid to July 2030
BUYER'S PREMIUM -
Please be advised that all purchasers are subject to a £1,200 plus VAT (£1,440 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 cheque/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 will be calculated based upon the Guide Price as follows:
£1,000 - £50,000: £2,000
£51,000 - £150,000: £5,000
£151,000 and above: £10,000
If your bid is successful, the balance of the deposit monies and Buyer's Premium (£1,440 inc 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.
