For Sale By Auction | 19:00, 18 December 2019 | Lot 4

22 Worcester Street, Gloucester, Gloucestershire, GL1 3AA

*Guide | £260,000+ (plus fees)

  • Mixed Use
  • 2 Bedrooms
  • Tenure: Freehold

Call the team on 0117 946 4949 for more information

Auction Date

Wed 18/12/2019

Auction Time

19:00

Auction Venue

Ashton Gate Stadium Winterstoke Road, Bristol, BS3 2LQ

High yielding investment property situated in a prominent city centre position offering tenanted shop and 2 x 1 bedroom flats

This is a substantial Grade II Listed freehold end of terraced property that has recently been refurbished and converted to provide a ground floor lockup shop and two self-contained 1 bed flats above. The shop is currently let to a pizza takeaway business at £15,600 pa whilst both flats are currently vacant. It is expected that the flats should let for circa £500-£525 pcm each giving a potential annual rent of £28,000.

Tenure

Freehold

Accommodation

Ground floor shop and basement: Uninspected by the auctioneer. We understand the main part of the building is counter and waiting space with kitchens etc in the single storey rear extension. There is a separate side entrance to the rare extension. First floor and second floors: 2 recently converted 1 bedroom flats with open plan kitchen living space.

Possession

Ground floor and basement sold subject to the aforementioned 5 year lease from March 2019 at £15,600 pa. First and second floor flats sold with vacant possession.

Viewings

By appointment with partner agents KJT Residential 01452 417 447

For sale by auction

On Wednesday 18th December at 7.00pm at Ashton Gate Stadium, Winterstoke Road, Bristol BS3 2LQ. 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 from www.auctionhousebristol.co.uk once available. For further information on the other lots in this auction please visit the website.

Energy Efficiency Rating (EPC)

Current Rating On order

Local Authority

Gloucester City Council

Solicitors

Crown Gate Solicitors, 203 Soho Road, Handsworth, Birmingham, B21 9SX, Ref: Mr S Rehman, Tel: 1021 554 8851

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 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.