Retail | Studio | HMO - £87,040 pa

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

Key Features: • FOR SALE BY ONLINE AUCTION • WEDNESDAY 12th FEBRUARY 2025 • VIDEO TOUR NOW ONLINE • VIEWINGS – REFER TO DETAILS • DOWNLOAD FREE LEGAL PACK • FEBRUARY LIVE ONLINE AUCTION • FREEHOLD MIXED USE BLOCK • HMO | STUDIO | RETAIL • FULLY LET £87,040 PA • EXTENDED 8 WEEK COMPLETION

Location: • Nearest Station: N/A • Distance to Station: N/A

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

Full Description: Hollis Morgan – FEBRUARY LIVE ONLINE AUCTION – A Freehold MIXED USE INVESTMENT ( 2763 Sq Ft ) fully let producing £87,040 INCOME pa | Retail | Studio | HMOFor Sale By Live Online Auction - ADDRESS | 226 Cheltenham Road, Stokes Croft, Bristol BS6 5QU Lot Number 26The 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”Joint Agents - Burston CookThe Property - A Freehold mixed use property with accommodation ( 2763 Sq Ft ) arranged over 3 floors comprisingRetail Unit - A3 Fast Food Takeaway | Excellent trading positionSelf contained HMO - 6 Beds | 2 Bath | Separate Lounge & Kitchen | First and Second floor | Access from Cromwell Road Studio Flat - First floor | Self contained | Recently Renovated | Access from Cromwell Road Sold subject to existing tenancies. We understand recent works have been done to the roof and copings - please refer to online legal pack. Tenure - FreeholdCouncil Tax - Band CEPC - C/DUtilities, Rights & Restrictions - Please refer to the Legal Pack Flood Risk - Please refer to the Legal PackThe Opportunity - MIXED USE INVESTMENT | £87,040 PAHMO | £50,040 paLet to students on AST terminating in July 2024 / 2025 Calendar Year - £695 per room pcm | £50,040 pa2025 / 2026 Calendar Year - £695 per room pcm | £50,040 paThere may be scope to incorporate the Studio flat into the HMO and create an 8 bedroom unit.Subject to gaining the necessary consents. STUDIO FLAT | £12,000 pa Let on AST @ £1000 pcm | £12,000 pa COMMERCIAL | £25,000 paLet to fast food takeaway £25,000 pa23rd October 2019 - 22nd October 2034Location - The property is located on the Gloucester Road end of Stokes Croft which offers excellent transport links to the City Centre, Cabot Circus, Gloucester Road along with easy access to major motorways and rail links via Montpelier train station. There is also an abundance of amenities within walking distance of the property with everything from excellent shopping, vibrant local parks, sports facilities and a host of great bars. Cabot Circus with its comprehensive range of high quality stores and individual shops literally across the road, and Bristol Bus Station, Bristol University, and the Bristol Royal Infirmary only a short walk away. The Centre is the heart of the City with constant action on offer from the Hippodrome and Colston Hall, Bristol Shopping Quarter at Cabot’s Circus to the characterful Christmas Steps, Corn Street and St Nicholas Market. Nearby Millennium Square acts as a gateway to the neighbouring harbourside with its fountains and big screen as well as world class attractions such as Brunel’s SS Great Britain, We The Curious, Bristol Aquarium, the Arnolfini, Spike Island, the Watershed and the M Shed.Solicitors & Completion - Arwel EdwardsJury O’Sheat: arwel. 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.BrochuresRetail | Studio | HMO - £87,040 pa Brochure