Mixed Use for auction in Bristol

Description

A substantial inner terrace, comprising an established ground floor café and residential accommodation to the upper floors, producing an overall income equivalent to £43,500pa.

Tenancy Details:

The residential accommodation has juts been let by way of a 6m tenancy at £2,000 pcm.

The ground floor café is let to Burra North Street Limited until 5th October 2038 at £1,625pcm + VAT.

Accommodation

Ground Floor - Commercial
Front Retail - 23.4 Sq.M,

Rear Mess/Staff Room 20.20 Sq.M,

Kitchen 14.10 Sq.M,

TOTAL 57.7 Sq.M ( 621 sqft) *

*Measurements taken from VOA website

First Floor - Residential
Ground Floor entrance and staircase to-

Landing,

Kitchen,

Bathroom/WC,

Living Room,

Bedroom

Second Floor
Landing,

2 Bedrooms

Outside

Cafe comes with garden.

Tenure

Freehold

Occupancy

Commercial investment

Costs

Auction Details

The sale of this property will take place on the stated date by way of Multi lot timed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.8% of the purchase price (subject to a minimum of £2,400 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

General

Note
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.