29A Highridge Road, Bishopsworth, Bristol, Bristol BS13 8HJ

SOLD BY AUCTION - SIMILAR REQUIRED!
A mixed used investment property with potential for 10%+ gross annual yield. Offers significant development potential subject to planning.

A mixed use investment property comprising a ground floor commercial unit and 2 flats.

Situated at the end of a rank of shops, set back from the main road, this is a two storey semi-detached mixed use property. The property comprises a ground floor shop of approximately 38 sqm/413 sq.ft. with a further 1 bedroom self-contained flat to the rear. The first floor provides a 2 bedroom flat with roof terrace and access to the garden. To the rear of the property is good sized garden with parking space and garage.

The property offers significant development potential to the rear as well as adding an additional storey, subject to the necessary planning consents. Situated outside the Article 4 area of Bristol the property could convert to a multi-bedroom HMO.

The property is currently let at £22,440.08 per annum although offers significant scope to increase towards £30,000 per annum.

Ground Floor Accommodation Commercial
Use Class E commercial unit of approximately 413 sq.ft/38 sqm. The accommodation is largely open plan with separate kitchen and WC.
The property is currently let £3,620 per annum until 30th November 2023.
Current Rateable Value £7,100. Future Rateable Value from 1 April 2023 £9,700

Residential
To the rear of the ground floor is a separate 1 bedroom flat accessed via the rear service lane from Bishops Cove. The accommodation comprises living room, Kitchen/dinner, bedroom and ensuite bathroom.
Currently let, holding over from the original term at £700 pcm.
Council Tax Band A. EPC Rating - E
First Floor Accommodation Approached via a shared entrance way from Highridge Road, a private staircase provides access to the first floor. The accommodation comprises living room, 2 bedrooms, kitchen, bathroom and a roof terrace with steps down to the garden.
The property is currently let, holding over from the original term at £825 PCM.
Council Tax Band B. EPC Rating - D
Outside To the rear is a large garden offering potential to extend the existing building subject to the necessary consents. There is a garage that is currently by way of license at £43.34 PCM.
Viewing By appointment with City & Rural Property Auctioneers. We will require at least 48 hours’ notice to arrange a viewing between Christmas and New Year.
For Sale by Live Stream Auction on 29th March 2023 In order to take part you must complete the registration form and return it together with two forms of ID. You will then be able to bid from the luxury of your own home either over the internet, by phone or by proxy. Please note the auctioneers have made their best endeavours to disclose all additional fees. Interested parties should refer to the special conditions of sale contained in the Legal Pack for any late amendments or additions to these fees as well as the auction day addendum sheet prior to bidding.
Legal Pack A full auction legal pack can be downloaded once available. For further information on the other lots in this auction please visit the website.

Tenure: Freehold

EPC Rating: Shop - C. GFF - E. 1stFF - D

Terms:
Guide Prices & Reserves
Guides 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 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.

Additional Fees
Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.

Plans, Maps and Photographs
The plans, floorplans, maps, photograph’s and video tours published on our website and in the catalogue are to aid identification of the property only. The plans are not to scale and should not be relied upon.

Consumer Protection Regulations 2008
City & Rural Property Auctions endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact, and they do not constitute any part of an offer or contract. All references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation, or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide-angle lens. The seller does not make any representation or give any warranty in relation to the property, and we have no authority to do so on behalf of the seller.

Anti Money Laundering Regulations
Intending buyers will be asked to produce identification documentation either as part of the bidder registration process of if they make an acceptable pre-auction offer, we would ask for your co-operation in order that there will be no delay in agreeing the sale.

Control of Asbestos Regulations
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. City & Rural Property Auctions have not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.

Administration Fee: 0.3% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.