Churches Yard, 33 - 53, Whitchurch Road, Whitchurch, BS13 7RU

FOR SALE BY AUCTION

*** SOLD @ MAY AUCTION ***

GUIDE £180,000 +++
SOLD @ £199,000

LOT NUMBER 11
Wednesday 24th May
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

THE PROPERTY

The site comprises a parcel of land measuring approximately 0.67 acres that is currently used as a working garage / MOT station with additional commercial and storage yards. The MOT station comprises 2 single storey buildings arranged in an L-shape providing workshop and office accommodation. The remaining yard space has been sub-divided and is currently rented to separate tenants.

It was purchased by William Walter Churches ( known locally as Wally!} in the early 1960's...he was a well known 'jack of all trades!' The site has been used as a coal yard and haulage business and subsequently various sections were sub let to tenants.

The property is accessed via a lane from Whitchurch Road but we understand the deeds also contain a right of way document as he used the right of way from his home in Headley Road at the rear.

LOCATION

The site is situated to the rear of numbers 33-37 Whitchurch Road with access currently being provided by a lane to the right of number 53 Whitchurch Road. The site is bordered to the East by the Malago river and adjoins a lane to the North West which provides access to the garages at the rear of numbers 14-30 Headley Road.

THE OPPORTUNITY

HIGH YIELDING COMMERCIAL INVESTMENT OR DEVELOPMENT SITE SUBJECT TO CONSENTS

Opportunity to purchase a parcel of land measuring approximately 0.67 acres, situated to the rear of a rank of houses on Whitchurch Road and bordered to the East by The Malago river.
The site is currently used as a commercial yard and MOT station but offers potential for a variety of different uses, subject to obtaining the necessary planning consents.

There may also be potential for residential redevelopment and the current owners have submitted a pre-application enquiry to Bristol City Council with a view to redeveloping the site to provide 9 houses. A full copy of the feedback from the Council is available upon request but the main issues raised are the existing access to the site and the potential loss of employment – please refer to legal pack
Potential to develop further commercial units subject to consents.

ADVICE ON PROTECTED TENANT

Prospective buyers should take their own legal advice but the Seller's understanding is that the tenancies can be terminated on six months notice and possession recovered if for example the buyer can prove an intention and ability to redevelop

CURRENT INCOME

Mot Station/Garage - This part of the property is currently let producing approximately £280 per week (£14,560 per annum). We are advised that there is no formal lease in place but due to the length of occupancy, the tenants are protected under the 1954 Landlord & Tenant Act
The exact terms of the lease in regards to the specific areas within the yard that are included are open to interpretation and buyers must make their own conclusions - refer to legal pack.

Scaffolders Yard - This secured yard is currently let producing £50 per week ( £2,600 per annum ).
Notes - Please note that there are two other secure yard areas which are currently vacant.

Please refer to legal pack for futher details

IMPORTANT INFORMATION

The property is sold subject to an overage provision under which an additional payment will be due to the Seller if planning permission is granted for redevelopment within 21 years of the completion of the sale. The overage will be 30% of the increase in value of the property attributable to the planning permission - REFER TO LEGAL PACK