Commercial Development for sale

South Parade, Bristol, Bristol

Sold STC £695,000

Property Description

Full description

A rare opportunity to purchase a mixed use property situated in the centre of the affluent and popular village of Chew Magna just south of Bristol. The property comprises three shop units with an additional and extended well presented 3 bedroom first floor flat with spacious rear garden.
The property is currently partially let although terms have been agreed (subject to contract) for full occupation which together with the flat is likely to produce a gross income in the region of £43,000pa. Early enquiries are recommended.

Description - A well presented mixed use investment arranged as a Post Office, a Gift Shop and an Estate Agents with a very well presented and spacious 3 bedroom first floor flat with rear garden. The property is currently partially let although can be sold fully let if required.

Location - Situated in the popular and affluent village of Chew Magna which is located approximately 10 miles from Bristol, 15 miles from Bath, 13 miles from the city of Wells, and 6 miles from Bristol Airport. The village has approximately 1,200 residents. There is one primary school, and an adjacent secondary school, several shops and small businesses, three churches, and three pubs serving the area.

Existing Tenancy Details -

Estate Agents - Let on a 5 year term from 01/6/13 to 31/5/2018 at £6,500pa (plus service charge) subject to annual rent reviews on what we believe to be an effectively Full Repairing and Insuring basis. Our client hopes to review this rent to a figure in the region of £7,000-£7,500pa at the next review. Alternatively our client is confident that vacant possession can be obtained if required.

Post Office - Let on a 10 year term from 15/3/2013 at £6,500pa (plus service charge) on an effectively Full Repairing and Insuring basis. Our client informs us vacant possession could be obtained for the majority of the shop although a smaller post office counter would need to remain for 12 months.

Gift Shop - Currently owner occupied although we understand our client has a tenant keen to take a new lease at £18,240pa (to include electric, gas, water and drainage) on Full Repairing and Insuring terms for 6 years with a tenant and landlord break option at year 3.

Energy Performance Certificate - Rating: D

Floor Plan - The floor plan is provided for indicative purposes only and should not be relied upon.

Viewings - As actively trading business, viewings are strictly by appointment with Maggs & Allen.

Vat - All figures quoted are exclusive of VAT unless otherwise stated.

We are informed VAT is not applicable to the purchase price.

Control Of Asbestos Regulations - As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.

The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of this property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.
These particaulrs including all measurements, plans, dimensions and photographs are provided for guidance purposes only and any intending purchaser or lessee should make their own enquiries.


More information from this agent

Nearest stations

  • Parson Street (4.7 mi)
  • Keynsham (6.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Maggs & Allen, Auction, Commercial & Investment

60 Northumbria Drive, Henleaze, Bristol, BS9 4HW

0117 407 2072 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Maggs & Allen, Auction, Commercial & Investment

60 Northumbria Drive, Henleaze, Bristol, BS9 4HW

0117 407 2072 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Parson Street (4.7 mi)
  • Keynsham (6.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Maggs & Allen, Auction, Commercial & Investment

60 Northumbria Drive, Henleaze, Bristol, BS9 4HW

0117 407 2072 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 26651336. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Maggs & Allen, Auction, Commercial & Investment. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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