Lot 29 - 408 Gloucester Road, Bristol, Avon, BS7 8TR
Guide Price* : £130,000+
- Unconditional Online Auction Sale
Lot 29 - Commercial Investment Opportunity
Description
ONLINE AUCTION from 1st September-3rd September
A prominent ground-floor commercial property occupying a corner position on Gloucester Road in Horfield, Bristol.
The property is currently configured as commercial premises and has historically been operated as a café/lounge. The accommodation benefits from a prominent glazed frontage onto Gloucester Road together with additional frontage to the side elevation.
Please note that the first-floor residential flat is not included within the commercial lease and does not form part of the commercial demise.
The property represents an attractive opportunity for investors seeking a commercial investment in an established location on Gloucester Road.
Lease Start Date
25/11/1988
Lease Duration
999 years (961 years unexpired)
Tenancies
The ground-floor commercial premises are let to CNR Cafe Ltd under a lease dated 11 November 2020 at an initial rent of £9,000 per annum, subject to the full terms of the lease and any subsequent rent reviews.
Tenure
Leasehold – Title Number AV174968 – First-floor residential flat held on a 999-year lease from 25 November 1988, with approximately 961 years remaining, subject to a ground rent of £25 per annum.
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (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.
Guide Price* : £130,000+
- Unconditional Online Auction Sale
Lot 29 - Commercial Investment Opportunity
Viewing
Paul Fosh Auctions
Office Contact
James Hollingsworth
Documents
Legal Documents
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