Unit 6, Septimus, Hawkfield Business Park, Whitchurch, BS14 0BL
Postponed £200,000
Lot No 29


FOR SALE BY AUCTION

*** POSTPONED TO APRIL 11TH AUCTION - OFFERS INVITED IN THE INTERIM ***

LOT NUMBER 29
Wednesday 21st February 2018
All Saints Church Pembroke Road, Clifton, Bristol BS8 2HY
Legal packs will be available for inspection from 18:00.
The sale will begin promptly at 19:00

EXTENDED COMPLETION

Completion is set for 6 weeks or earlier subject to mutual consent.

JOINT AGENTS

Williams Gunter Hardwick
0117 922 1222
www.wghproperty.co.uk

VIEWINGS

By appointment with

Hollis Morgan - 0117 973 65 65
WGH - 0117 922 1222

SOLICITORS

Jonathan Wilson
Gregg Latchams
0117 906 9413
jonathan.wilson@gregglatchams.com
7 Queen Square, Bristol BS1 4JE

ONLINE LEGAL PACKS

Digital 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.
Follow the RED link 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.
*** 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.

THE PROPERTY

Leasehold Hybrid commercial premises ( 323 sq m / 3,482 sq ft ) with vacant possession.

The subject property occupies a mid-terrace position and has been constructed using a steel portal frame with brickwork/block work elevations, beneath a pitched internally lined insulated roof. Internally the property comprises ground and first floors. The ground floor potentially offers trade counter accommodation with a mix of open and cellular offices, whilst the first floor provides good quality office accommodation. Windows on the ground floor are single glazed while the first floor benefits from double glazed metal encased windows. The unit is also equipped with wall mounted electric heaters. The offices are fitted out with suspended ceilings incorporating recessed fluorescent strip lights with perimeter trunking and are carpeted throughout. In addition the ground floor accommodation benefits from a recessed air conditioning system, whilst the first floor offices benefit from raised floors. Externally, there is car parking for approximately 7 cars.

LOCATION

The property is situated within Hawkfield Business Park just off Whitchurch Lane, Whitchurch, Bristol. This estate lies approximately 4 miles south of Bristol City Centre and is accessed via Hengrove Way and the Bristol Ring Road. The property has good communication links, via the M32, to the M4 and M5 national motorways.

THE OPPORTUNITY

REDUCED PRICE FOR AUCTION

The property has previously been marketed for £300,000

INVESTMENT

The property will be sold with vacant possession but we understand there is scope to achieve a rental income in the region of £25,000 - £30,000 per annum
We understand there is an interested party in the upper floors for circa £12,500 - further information available upon request.

CREATE EXTRA FLOORSPACE

There is scope ( subject to consents ) to create additional first floor space above at the front of the property.

ADDITIONAL INFORMATION

ACCOMMODATION

The areas are measured in accordance with the RICS Code of Measuring Practice (6th Edition) on a Gross Internal Basis (GIA):

Ground Floor: 2,087 sq ft 194.00 sq m
First Floor: 1,395 sq ft 129.65 sq m
Total: 3,482 sq ft 323.65 sq m

RATES

The Valuation Office lists the Rateable Value as being £18,000.

TENURE
Long leasehold for a term of 125 years from September 1989.

SERVICES

We understand mains services including water drainage, gas and electricity supply are available at the building. We confirm that we have not tested any of the service installations and occupiers must satisfy themselves as to the condition of such items.

LEASEHOLD MANAGEMENT COSTS

We understand the most recent charge has been £1500 pa - refer to legal pack.

PLANNING

We understand that the unit is suitable for B1 (light industrial), B8 (storage and distribution) uses under the Town & Country Planning (Use Classes) Order 1987, subject to getting any necessary planning consents.

EPC

For full details of the EPC please refer to the online legal pack.

BUYER'S PREMIUM

Please be aware all purchasers are subject to a £1000 + VAT (£1,200 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 PRICE

An 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 or not 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 PRICE

The 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 OFFERS

Some properties may be available to buy prior to the auction.
Pre auction offers can be only submitted by completing the OFFER FORM which can be downloaded with the online legal pack - please email the COMPLETED form to – olly@hollismorgan.co.uk.
Please note offers will not be considered until you have VIEWED the property and the COMPLETE LEGAL PACK has been released.
In the event of an offer being accepted the property will only be removed from the auction and viewings stopped once contracts have successfully EXCHANGED subject to the standard auction terms and payment of the buyer’s premium ( £1,200 ) to Hollis Morgan. Contracts can be signed either via the solicitors or at the Hollis Morgan offices subject to appointment.

SURVEYS AND VALUATIONS

If 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.

BIDDING AT THE AUCTION

This property is for sale by public auction and if you intend to bid please bring the following:

Proof of identity (valid passport or photo driving licence).
Proof of address (bank statement, recent utility bill, council tax bill or tenancy agreement).
10% deposit payment.
Buyers premium payment.
Details of your solicitor.

PAYING THE DEPOSIT & BUYERS PREMIUM

We can only accept the following at the auction:

Personal or Company Cheque
Bankers Draft
Debit Card ( NOT CREDIT CARD )

TELEPHONE AND PROXY BIDDING

If you cannot attend the auction (although we strongly advise you do) you can make a TELEPHONE or PROXY BID. This authorises the auctioneer to bid on your behalf up to a pre-set limit. Forms and relevant conditions are available to download with the online legal pack. A completed form, ID and two cheques (one for the 10% deposit and one for the Buyer's Administration Fee of £1,200) are required by the Auction Department at least two full working days before the auction.

AUCTION BUYERS GUIDE VIDEO

We 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.

TESTIMONIALS

We are very proud of what our past clients have say about us - please visit the Hollis Morgan website to read their testimonials.

CHARITY OF THE YEAR

Hollis Morgan are supporting Bristol charity based Off the Record! as our 2018 charity of the year with 5% of each buyers premium donated to help provide free and confidential mental health support and information to young people aged 11-25 in Bristol - www.otrbristol.org.uk In 2018 we were delighted to be involved in raising £30,000 over 3 events for the “Life for a cure” Bristol based meningitis charity - www.ryanbresnahan.org Visit the Charity page of our Website for further details - https://www.hollismorgan.co.uk/charity/


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