* Freehold
* For sale by online auction
* Wednesday 13th March 2024
* Video tour now online
* Viewings - refer to details
* Legal pack complete
* March live online auction
* Freehold commercial investment
* 2 X fully let retail units
* £23, 000 income pa
* Extended 8 week completion
Hollis Morgan – March live online auction - A Freehold commercial investment
comprising 2 X fully let retail units ( 1401 Sq Ft ) producing an income of
£23, 000 pa
**For Sale By Live Online Auction**
Address | 2, 4 & 6 Old Street, Clevedon, North Somerset BS21 6nd
Lot Number tbc
The Live Online Auction is on Wednesday 13th March 2024 @ 17: 30
Registration Deadline is on Monday 11th March 2024 @ 16: 00
The 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”
**The Property**
A Freehold commercial investment comprising a pair of adjacent retail units
with excellent road frontage in a highly visible trading position in the heart
of Clevedon.
Sold subject to existing tenants.
Tenure - Freehold
Council Tax - n/a
**EPC - C**
Utilities, Rights & Restrictions - Please refer to the Legal Pack
Flood Risk - Please refer to the Legal Pack
**Location**
Clevedon is a popular North Somerset coastal town located on the edge of the
Bristol Channel. Clevedon town centre has a wide range of amenities and within
level walking are banks and a post office. There are golf courses, woodland
and coastal walks in addition to excellent primary and secondary schools.
Bristol is 12. 6 miles distant with a more extensive range of retail outlets
and established independent schools with dedicated buses running from
Clevedon. For the commuter, the M5 nearby serves the South West and Midlands
and links to the M4 South Wales and London. There are rail services available
from Bristol Temple Meads (approx 13. 3 miles) and Yatton (approx 4. 8 miles)
both of which have regular services to London and a number of cities
nationwide. Bristol International Airport has an extensive schedule of flights
to many European and some long haul destinations.
**The Opportunity**
Commercial investment | £23K pa
Old Street Kitchen is let at £10k pa from 1st February 2022 for 10 years until
31st January 2032
Envy Hair & Beauty is let at £13k pa from 1st July 2023 for 6 years until 30th
June 2029
Please refer to online legal pack for copies of the leases etc.
**Solicitors**
Stephen Parker
Barcan + Kirby
t:
**
Extended completion
**
Completion is set for 8 weeks or earlier subject to mutual consent.
**Legal Pack Complete**
We have been informed by our client’s solicitors that the legal pack for this
lot is now complete.
Should any last minute addendums occur you will be automatically notified by
email.
If the vendors have indicated they are willing to consider pre - auction offers,
now is the time to submit your offer by completing the pre - auction offer form.
**Important Auction Information**
Viewings
Please 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 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.
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 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 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 vendors are willing to consider offers prior to the auction.
Pre auction offers can only be submitted by completing the online pre auction
offer form
The 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 (£1000 + VAT) to Hollis Morgan.
Contracts can be exchanged via the solicitors or at the Hollis Morgan offices
by appointment only.
**Registration process
**
The 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 Form
Stage 2 – Upload your certified id
Stage 3 – Invitation to bid
Stage 4 – Pay your security deposit (£6, 200)
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 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.
**Auction finance & bridging loans
**
Some 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 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.
2024 charity of the year
Hollis Morgan is supporting The Malcolm Gunter Foundation as our 2024 Charity
of the year with a % of each Buyers premium being donated.
In 2018 Malcolm Gunter passed away from Motor Neurone Disease - In his memory,
mgf has raised over £200, 000 and provided support and grants for many local
people living with and affected by mnd.
100% of all monies raised will be utilised in supporting sufferers of mnd with
their physical and emotional needs, and research into the disease .
Visit the Hollis Morgan Charity Page of our website for further details
**Testimonials
**
We are very proud of what our past clients have say about us - please visit
the Hollis Morgan website to read their testimonials.
**I want to sell by auction
**
Since 2010 Hollis Morgan have been the most successful land and property
auctioneers across the Region. Famous for large public sales our reputation
was built on transparent, competitive bidding leading to some memorable
results. As a reaction to covid we have moved to a monthly live online
platform which has proved to be a huge success. Our core service has all the
benefits of a traditional auction but now, via a fully interactive online
saleroom with options to bid by telephone, proxy or online we can now reach a
national and international audience - the feedback from our clients is hugely
positive and we are now committed to this 21st century method of selling land
and property.
In 2022 Hollis Morgan Sold More Lots by auction in Bristol, North Somerset,
Bath & Gloucester than any other Auctioneer!
In 2022 over £65m of land and property was successfully sold under the hammer
by Hollis Morgan.
Since 2010 Hollis Morgan have Sold More Lots by auction than any other local
firm!
Bristol’s most experienced auctioneer Andrew Morgan mbe – with forty years’
experience on the rostrum.
Auction specific premium adverts on both the UK’s biggest property portals
Rightmove & Zoopla.
Digital Mailing list of over 40, 000 Local, National, Regional and
International Developers, Investors and family buyers.
Over 100 years combined property experience operating from our Regional HQ
based in Clifton covering Bristol and the West Country.
Innovative yet simple marketing techniques such as virtual tours, drone shots,
video tours, hi vis signage and professional photos.
Active and coordinated social media presence on Instagram, twitter, LinkedIn
and Google.
Why live online auction?
•Fixed Timescales & Speed - Exchange on the day with a quick & fixed
completion of 4, 6 or 8 weeks.
•Closure & Control - 10% non refundable deposit taken upon exchange and the
deal is done unlike a traditional sale.
•High Profile Sale – Intensive 4 - 6 week marketing campaign to make your lot
visible and available to all potential buyers.
•Guaranteed Price - you set a minimum reserve which protects you from selling
for any less than you want.
•Transparency & Competitive Bidding - Auction provides a transparency of sale
ensuring your lot is sold to the person willing to pay the most on the day.
For loads more reasons to instruct Hollis Morgan and the statistics to back it
up please visit our selling by auction section of the Hollis Morgan website.
**Auction property details disclaimer
**
Hollis 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.

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