Mixed Use
***For Sale by LPA Receivers***
It is understood the property comprises a block of four retail units and six first floor flats above producing an advised £81,900 per annum along with some parking space. The building is understood to have originally been a drinking establishment prior to it being converted to its current configuration around 2008. The property can be described in greater detail as follows -
RETAIL UNITS
208 Rodbourne Road
Ground Floor retail unit open plan with kitchenette and WC off
209 Rodbourne Road
Ground Floor Retail unit
210 Rodbourne Road
Ground Floor Retail Unit open plan with WC
211 Rodbourne Road
Ground Floor Retail unit open plan with WC
RESIDENTIAL UNITS (SIX FLATS)
Flat 1 -
First Floor Living/Kitchen
Bathroom
Bedroom One
Bedroom Two
Flat 2 -
First Floor Kitchen
Living room
Bathroom
Bedroom One
Bedroom Two
Flat 3 -
First Floor Living/Kitchen
Bathroom
Bedroom
Flat 4 -
First Floor Living
Kitchen
Bathroom
Bedroom
Flat 5 -
First Floor Kitchen
Living room
Bathroom
Bedroom
Flat 6 -
First Floor Living/Kitchen
Shower/WC
Bedroom One
Bedroom Two
Rent Roll -
We have not had sight of any agreements in relation to rental income and would advise interested parties to inspect the legal pack and make all necessary independent enquiries in this respect prior to placing their bid, as this will be binding. It is understood the property is let on the following basis:
208 Rodbourne Road - Six year lease from 2013 (tenant holding over) at £12,000 per annum.
209 Rodbourne Road - Let on a six year lease from 2011 (tenant holding over) at £10,000 per annum.
210 Rodbourne Road - Let on a six year lease from 2011 (tenant holding over) at £10,200 per annum.
211 Rodbourne Road - Let on a six year lease from 2014 (tenant holding over) at £10,500 per annum.
Flat 1 - Let on an Assured Shorthold Tenancy (AST) agreement at £7,200 per annum.
Flat 2 - Let on an Assured Shorthold Tenancy (AST) agreement at £6,000 per annum.
Flat 3 - Let on an Assured Shorthold Tenancy (AST) agreement at £6,000 per annum.
Flat 4 - Let on an Assured Shorthold Tenancy (AST) agreement at £6,300 per annum.
Flat 5 - Let on an Assured Shorthold Tenancy (AST) agreement at £6,500 per annum.
Flat 6 - Let on an Assured Shorthold Tenancy (AST) agreement at £7,200 per annum.
Total £81,900 per annum.
The property is located in the Rodbourne area around one mile from the town centre in an area of mixed residential and commercial uses. The retail properties front to Rodbourne Road itself, the block then having a return frontage to Redcliffe Street, off which there is rear lane access which is the approach for external access to the six self contained flats.
The buyers fee on this lot will be 1% plus VAT of the sale price.
Neither the auctioneers nor the Receivers have inspected the property and the property is sold in its present state and condition [including any rubbish at the property] and subject to all third party interests. No room measurements will be provided. Any prospective buyer is invited to make its own inspections and surveys in relation to the property and accepts that no warranty whatsoever is given in respect of the property. All warranties, conditions, guarantees or representations express or implied, statutory or otherwise (including without limitation warranties and conditions as to title, quiet possession and description) in relation to the property are entirely excluded and no error, misstatement or omission in [the particulars] shall entitle any prospective buyer to any compensation, damages or repayment. The Receivers act as agents without personal liability. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Freehold. See legal pack.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
