24 January 2024: Wednesday 24 January 2024 - 9:00am
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Floorplan
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    Key features

    • Freehold two storey corner property
    • Trading as a café on the ground floor
    • Self-contained two bedroom flat on the first floor
    • Investment producing £15,600 per annum.
    • First floor flat sublet at £1,100 pcm
    • Potential to increase rent in 2025
    • By order of the LPA Receivers

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground floor shop - Seating area, Servery, Kitchen, Office - Approximate area 114.4 sq m (1,232 sq ft)

    Frist floor Flat - Two bedrooms, Open plan kitchen / reception room, Bathroom - Approximate area 63.6 sq m (685 sq ft)

    Tenancy

    The café is let on a 15 year lease expiring April 2025 at a rental of £1,300 pcm. We are advised that the same tenant rents the first floor flat but this has been sublet at £1,100 pcm.

    It is considered that the market rent for the entire property is in the region of £28,000 per annum - interested parties must rely on their own enquiries in this regard.

    Rent

    £15,600 per annum
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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Situated to the west side of Mina Road, at the junction with Servier Street.

      A prominent corner position in a popular, predominantly residential area.

      Other nearby commercial occupiers include a Spar and Newsagents, together with several restaurants and fast food takeaways.

      The city centre is approximately 1.4 miles to the south west.


      Transport

      Bristol Station - National Rail

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums