Commercial Development for sale

East Street, Bedminster, Bristol, Bristol

£335,000

Property Description

Commercial information

  • Use class orders: A1 Shops

Full description

A substantial mixed-use commercial investment arranged as two ground floor shop units with a spacious and well-presented 2 bedroom flat above. Situated in a prominent rank of shops in Bedminster, the commercial elements benefit from excellent levels of footfall whilst the flat above is ideally located for easy access to the city centre. The property is fully let producing £21,240 per annum (due to increase to £22,740 pa from May 2018) making this an excellent, high-yielding investment opportunity.

Description - Two ground floor retail units with an additional, self contained and well presented 2 bedroom first floor flat. The property is fully let at £22,740pa (although discounted until May 2018).

Location - Situated in a prominent position on East Street, Bedminster within a mixed parade of shops and cafes, close to the Asda Bedminster Superstore

Tenure - Offered for sale freehold subject to the occupational leases.

Lease Information - 21 East Street - Let at £7,800per annum from November 2017 for a term of 5 years on effectively Internal Repairing and Insuring terms subject to annual rent reviews and break clauses.

23 East Street - Let at £6,600 per annum from November 2017 for a term of 5 years on effectively Internal Repairing and Insuring terms subject to a discounted rent of £5,100 per annum until May 2018.

First Floor Flat - Let at £795pcm on an Assured Shorthold Tenancy basis.

Energy Performance Certificate - 21 Rating: E
21a Rating: G
23 Rating: D

Vat - We are informed that the property is not elected to incur VAT.

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

Business Rates - The rateable value for 21 East Street with effect from April 2017 is £3,100
The rateable value for 23 East Street with effect from April 2017 is £2,500.

Viewing - Strictly by appointment with Maggs & Allen

Control Of Asbestos - 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.

Maggs & Allen use all reasonable endeavors to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
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.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.


More information from this agent

Nearest stations

  • Bedminster (0.2 mi)
  • Bristol Temple Meads (0.7 mi)
  • Parson Street (0.9 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

  • Bedminster (0.2 mi)
  • Bristol Temple Meads (0.7 mi)
  • Parson Street (0.9 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 27709770. 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.