Commercial property for sale in Colston Street, City Centre, Bristol BS1

An exciting opportunity to purchase a unique five storey Grade II listed building in a superb position on Colston Street just yards from the historic Christmas Steps. This well-presented property is currently arranged to provide a ground floor shop/office with living accommodation on the three floors above and an additional basement level. To the rear is a charming garden with views across the city centre. There is scope for a variety of different potential uses for the building (subject to consents) but would ideally suit those seeking to combine their living/working premises in this central location.

For Sale By Auction

This property is due to feature in our online auction on 27 June 2024 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

Viewings

By appointment.

Summary

Five storey grade II listed period building

Description

An exciting opportunity to purchase a unique five storey Grade II listed building in a superb position on Colston Street just yards from the historic Christmas Steps. This well-presented property is currently arranged to provide a ground floor shop/office with living accommodation on the three floors above and an additional basement level. To the rear is a charming garden with views across the city centre. There is scope for a variety of different potential uses for the building (subject to consents) but would ideally suit those seeking to combine their living/working premises in this central location.

Location

The property is situated in a prime position on Colston Street, within close proximity to the historic Christmas Steps. Set amongst an eclectic mix of independent and specialist retailers as well as a number of food and drink outlets, the property is ideally positioned for everything that Bristol city centre has to offer.

Accommodation

The ground floor comprises a shop/office of just over 200 sq ft, a utility room, stairs to the first floor living accommodation and access to the rear garden. The first floor comprises a generous living room with stripped wooden floorboards and two sash windows to the front, a kitchen and WC. On the second floor is the master bedroom and a bathroom whilst the top floor provides a second bedroom and a study area with stunning views across the city. Accessed via an external door from the rear garden is a large cellar/basement, ideal for storage.

Please refer to floorplan for approximate room measurements and internal layout.

Outside

The property benefits from a charming mature garden to the rear with views across the city.

Notes

We understand from the vendor that the building and a number of the adjoining properties were re-built and refurbished in the early 1980s. The related documentation will be included in the auction legal pack.

Business Rates

The Rateable Value with effect from April 2023 is £5,700. We therefore would expect those eligible for small business relief to benefit from 100% exemption at this time. However, we advise all interested parties to confirm directly with the Local Authority.

Completion

Completion for this lot will be 8 weeks from exchange of contracts or sooner by mutual agreement.

Energy Performance Certificate (Epc)

Rating: Tbc

Buyer's Premium

Please be advised that all purchasers are subject to a £1,250 plus VAT (£1,500 inc VAT) buyer’s premium payable upon exchange of contracts.

*Guide Price

Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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.

Proxy, Telephone & Online Remote Bidding

The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which is available to download from our website. The completed form, id (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.

Preliminary Deposits

The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:

£1,000 - £150,000: £5,000
£151,000 and above: £10,000

If you bid is successful, the balance of the deposit monies and Buyer’s Premium (1,500 inc VAT) must be transferred to our client account within 24 houra of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you within 5 working days.

Auction Or Bridging Finance Required?

Do you need a mortgage or loan quickly? Maggs & Allen have specialist Independent Brokers who can arrange residential and commercial finance on all types of property. Contact the Auction Team today to be put through to our mortgage and loan experts on or email

Letting - What Can Maggs & Allen Achieve For You?

Maggs & Allen's experienced letting team are happy to discuss the rental of this property and can advise on maximising the investment. We offer Full Management, Let Only and Rent Collection Services. Contact Jessica Archer and her team on or email .