MIXED USE | DEVELOPMENT | BISHOPSTON

Property Details: • Type: Commercial Property • Tenure: N/A • Floor Area: N/A

Key Features: • FOR SALE BY ONLINE AUCTION • WEDNESDAY 12TH FEBRUARY 2025 • DOWNLOAD FREE LEGAL PACK • VIDEO TOUR NOW ONLINE • VIEWINGS - REFER TO DETAILS • FEBRUARY LIVE ONLINE AUCTION • FREEHOLD MIXED USE BLOCK • 4 FLATS | COMMERCIAL | RESI DEVELOPMENT TO REAR • POTENTIAL £100K + PA INCOME • EXTENDED 8 WEEK COMPLETION

Location: • Nearest Station: Montpelier Station • Distance to Station: 0.5 miles

Agent Information: • Address: 9 Waterloo Street, Clifton, Bristol, BS8 4BT

Full Description: Hollis Morgan – FEBRUARY LIVE ONLINE AUCTION – A Freehold MIXED USE BLOCK ( 3590 Sq Ft ) comprising 4 x FLATS | VACANT RETAIL ( A5 ) and RESI DEVELOPMENT - Potential £100k + paFor Sale By Live Online Auction - ADDRESS | 209 Gloucester Road, Gloucester Road, Bristol BS7 8NNLot Number 34The Live Online Auction is on Wednesday 12th February 2025 @ 17:30Registration Deadline is on Monday 10th February 2025 @ 16:00The Auction will be streamed LIVE ONLINE via the Hollis Morgan website & you can chose to bid by telephone, proxy or via your computer.Registration is a simple online process – please visit the Hollis Morgan auction website and click “REGISTER TO BID”The Property - A Freehold mid terraced mixed use property ( 3590 Sq Ft ) comprising the following;Vacant A5 Retail UnitVacant Resi to rear for DevelopmentFlat 1 – Rear Studio – AST @ £950 pcmFlat 2 – Front 3 Bed – AST @ £1550 pcmFlat 3 – Rear Studio @ £950 pcmFlat 4 – Front Studio @ £1000 pcmSold subject to existing tenancies. Tenure - FreeholdCouncil Tax - Band AEPC - C, E, C, & DUtilities, Rights & Restrictions - Please refer to the Legal Pack Flood Risk - Please refer to the Legal PackThe Opportunity - RESIDENTIAL INVESTMENTThe upper floors comprise 4 tenanted residential units ( 3 Studio | 2 Bed Flat ) let on AST producing £53,400 pa The Flats are accessed via newly created entrance hall at the front of the property. DEVELOPMENTThe rear of the property is a large single storey building with scope for residential development and independent pedestrian access from Somerville RoadThe unit would suit either 2 x 2 beds or a single larger dwelling.The existing A5 Retail unit which is at the front of the building with an excellent trading position onto Gloucester Road is currently vacant but has scope for a residential conversion and additional unit subject to consents.Example of Conversion of Ground Floor @ 205 Gloucester Road in the same rank.16/00625/F - Proposed change of use from existing single dwelling to 3 no.self-contained flats.There is also a large void section in the middle of the ground floor space that has no natural light but a lot of space and scope to be either Incorporated into either the retail unit space or into the rear development.All subject to gaining the necessary consents.VACANT A5 RETAIL UNITLocal commercial lettings agents have quoted a rental income of £1400 pcm | £16,800 paLocation - The property has an excellent position on the Gloucester Road with its eclectic range of shops and restaurant and close to the city centre with its business areas, shopping and leisure opportunities as well as some of the major institutions of Bristol including the University of Bristol, UWE and the BRI.Rental Appraisal - What rent can we achieve for you?The Bristol Residential Letting Co. are confident this property would make a good rental investment if brought to a standard suitable for the professional rental market. Danny Dean of The Bristol Residential Letting Co suggests a rent in the region of;209, Gloucester Road – Studio flats - £1050 - £1150pcm | - £1400pcm - £1500pcmIf you would like to discuss more detail on the potential for rental, you can call me on or email ( ) for a no obligation discussion. I am always happy to advise investors on maximising their investment.Solicitors & Completion - Matthew MartinConverse Lawmatthew. EXTENDED COMPLETION Completion is set for 8 weeks or earlier subject to mutual consent.Important Auction Information - VIEWINGSPlease submit a viewing request online and we will contact you to organise an appointment.We will send you an email and text to confirm the appointment time and the full property address.Viewings are supervised by a member of the Hollis Morgan Auction team who will meet you at the property.ONLINE LEGAL PACKSDigital Copies of the Online legal pack can be downloaded Free of Charge.Please visit the Hollis Morgan Website and select the chosen lot from our Current Auction List.Press the GREEN button to "Download Legal Packs" For the first visit you will be required to register simply with your email and a password.Having set up your account you can download legal packs or if they are not yet available, they will automatically be sent to you when we receive them.You will be automatically updated by email if any new information is added.There will be a note added to the list to confirm AUCTION PACK NOW COMPLETE when no further information is due to be added.*** STAY UPDATED *** By registering for the legal pack we can ensure you are kept updated on any changes to this Lot in the build up to the sale.BUYER’S PREMIUMPlease be aware all purchasers are subject to a £1,500 + VAT (£1,800 inc VAT) buyer's premium which is ALWAYS payable upon exchange of contracts whether the sale is concluded before, during or after the auction date.GUIDE PRICEAn indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.RESERVE PRICEThe seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.PRE AUCTION OFFERSSome vendors are willing to consider offers prior to the auction.Pre auction offers can ONLY be submitted by completing the online PRE AUCTION OFFER FORMThe form can be found on the Hollis Morgan website on the individual auction property listing.Please note offers will not be considered until you have inspected the COMPLETE LEGAL PACK once it has been released.There will be a note added to the list to confirm AUCTION PACK NOW COMPLETE when our client’s solicitor informs us no further information is due to be added.In the event of an offer being accepted the property will only be removed from the online auction and viewings stopped once contracts have successfully EXCHANGED subject to the standard auction terms and payment of the buyer’s premium (£1,800 Inclusive of VAT) to Hollis Morgan.Contracts can be exchanged via the solicitors or at the Hollis Morgan offices by appointment only.REGISTRATION PROCESSThe registration process is extremely simple – visit the Hollis Morgan auction website and click on the “Register to Bid” button.The “Register to Bid” button can be found on the auction home page or on the individual lot listings.Please note this function is not available on Rightmove or Zoopla.Stage 1 – Complete the Online Bidding FormStage 2 – Upload your certified IDStage 3 – Invitation to bidStage 4 – Pay your security deposit (£6,800)You are now ready to bid – Good luck!If your bid is successful, the balance of the deposit monies must be transferred to our client account within 24 hours of the auction sale.If you are unsuccessful at the auction your holding deposit will be returned within 48 hours.SURVEYS AND VALUATIONSIf you would like to arrange a survey or mortgage valuation of this Lot BEFORE the auction, please instruct your appointed surveyor to contact Hollis Morgan and we will arrange access for them to inspect the property. Please note that buyers CANNOT attend the surveys and the surveyors are responsible for collecting and returning keys to the Hollis Morgan offices in Clifton.AUCTION FINANCE & BRIDGING LOANSSome properties may require specialist auction finance- please contact Hollis Morgan for access to expert advice and whole of market rates from our independent brokers.Hollis Morgan may receive introductory fees for this service from the broker.AUCTION BUYER’S GUIDE VIDEOWe have short video guides for both buying and selling by Public Auction on the Hollis Morgan Website. If you have any further questions regarding the process, please don’t hesitate to contact Auction HQ.2025 CHARITY OF THE YEARHollis Morgan is supporting Uncle Pauls Chilli Charity empowering socially disadvantaged people with barriers to learning &/or disabilities based in Butcombe, North Somerset, our land overlooks the Mendip Hills and Blagdon lake. There are three main areas of focus at Uncle Paul’s Chilli Charity Education, Wellbeing and Social Prescribing – visit for more details or the Hollis Morgan Charity Page of our website.AUCTION PROPERTY DETAILS DISCLAIMERHollis Morgan 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 Hollis Morgan 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.BrochuresMIXED USE | DEVELOPMENT | BISHOPSTON Brochure