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312-318 Bristol Road, Gloucester, GL2 5DH

Lot no: 46 Sold at Auction for £425,000
 

Guide Price £425,000 - £450,000 plus fees


Thursday 23rd February 2017

11.00am
Key Features
  • A Freehold Investment Opportunity comprising a site of about 0.5 Acres (0.2 Hectares)
  • currently used for the sale of motor vehicle sales and including a single storey building utilised as a showroom and workshop.
  • EPC Rating: See legal pack.
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Sold at Auction for £425,000

Land

Property Description:

The property comprises a site of about 0.5 Acres (0.2 Hectares), currently used for the sale of motor vehicles, and including a single storey building utilised as a showroom and workshop, situated between the Bristol Road and the Gloucester and Sharpness Canal.
We are informed that the showroom/workshop unit has a floor area of the order of 3,949 Sq Ft (367 Sq M) but we have not undertaken a measured survey of the premises and all interested parties should seek their own verification as to floor areas and dimensions.

Tenure:

We understand that the property is Freehold and is being sold subject to the existing Lease.
For further information in this regard please refer to the legal pack.

Tenancy Details:

We understand that the property was let for a term of 42 years from 11th August 1975, expiring on 10th August 2017, with a current rent of £17,500 per annum.
For further details of the tenancy and a copy of the lease and confirmation of the current rent passing please refer to the legal pack.

Location:

The property is situated fronting onto the busy Bristol Road, and adjoining the Gloucester and Sharpness Canal, adjacent to Hempsted Bridge, about 1.5 miles south west of Gloucester City Centre.

Plans & Aerial Photographs:

Any plans or aerial photographs provided with these particulars are for identification purposes only and their accuracy is not guaranteed.

Rights of Way, Wayleaves, Easements, Restrictive Covenants etc:

The property is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants etc. which may exist whether mentioned in these particulars or not.

Value Added Tax:

We are informed that VAT will be chargeable on the purchase price but for confirmation in this regard please refer to the legal pack.

Viewings:

External viewings only.

Tenure:

Freehold.