DOUBLE FRONTED OFFICE OF APPROX. 1,400 FT WITH PARKING.
A double fronted office of approximately 1,400 ft² with the added benefit of two allocated parking spaces to the rear. The offices are currently arranged as two separate suites although would easily revert to one. Offered for sale with vacant possession although we would anticipate a potential rent in the region of £18,000pa.
FOR SALE BY AUCTION -
This property is due to feature in our online auction on 21 November 2024 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.
VIEWINGS -
By appointment with Maggs & Allen.
SUMMARY -
SOLD FOR £157,500 - DOUBLE FRONTED OFFICE (APPROX. 1,400 FT²) WITH PARKING
DESCRIPTION -
A double fronted office of approximately 1,400 ft² with the added benefit of two allocated parking spaces to the rear. The office have electric panel heaters and are currently arranged as two separate suites although would easily revert to one. Offered for sale with vacant possession although we would anticipate a potential rent in the region of £18,000pa.
LOCATION -
The property is situated on the High Street within easy reach of the shops and amenities of Staple Hill
ACCOMMODATION -
Please refer to floor plan for approximate room measurements and internal layout.
The office is currently partitioned to create two separate units with a shared kitchen and toilet to the rear. However, the office could easily be reconfigured as one large office if required.
PARKING -
There are two allocated parking spaces located to the rear of the office.
COMPLETION -
Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.
PLANNING -
Planning consent was granted in 2009 for a change of use from a shop (Use Class A1) to an office (Use Class B1). We would therefore assume that the unit would now fall within Use Class E and could consequently suit a variety of uses, but interested parties should confirm directly with South Gloucestershire Council.
BUSINESS RATES -
The rateable value with effect from April 2023 is £7,600. We would therefore expect those eligible for small business relief to benefit from 100% exemption at this time, but recommend all interested parties confirm with South Gloucestershire Council.
TENURE -
Offered for sale on the residue of a 155 year lease from 2009, with vacant possession.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: C (valid through to August 2032).
LETTING - WHAT CAN MAGGS & ALLEN ACHIEVE FOR YOU? -
Maggs & Allen's experienced letting team are happy to discuss the rental of this property and can advise on maximising the investment. We offer Full Management, Let Only and Rent Collection Services. Contact Jessica Archer and her team on 0117 9499000 or email lettings@maggsandallen.co.uk.
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 £1,500 plus VAT (£1,800 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 will be calculated based upon the Guide Price as follows:
£1,000 - £150,000: £5,000
£151,000 and above: £10,000
If you bid is successful, the balance of the deposit monies and Buyer’s Premium (£1,800 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 within 5 working days.
RENTAL ESTIMATES -
All rental estimates are provided in good faith. They should be verified by your own professional advisors prior to a commitment to purchase.
