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Mixed Use for sale

Regent Street, Kingswood, Bristol

Guide Price £450,000

Property Description

Commercial information

  • Use class orders: A1 Shops

Full description

A mixed use freehold investment comprising an extended ground floor shop with 2x two bedroom self contained flats above and a further studio flat to the rear. The property was until recently let producing £38,500pa although the shop and both of the flats are now vacant. Early enquiries are recommended.

Description - Substantial, three story mixed use investment comprising a ground floor shop of approximately 1,000sqft and 3 self contained flats to upper floors. The flats are accessed via Boulton's Lane to the rear of Two Mile Hill Road.

Location - Situated on Regent Street being the main High Street in Kingswood within close proximity to the Kings Chase Shopping Centre. Kingswood offers easy access to Bristol City Centre and has good links to the Avon Ring Road and further afield. Notable nearby occupiers include 'Nationwide Building Society', 'Domino's Pizza', 'St Peters Hospice' as well as various local, independent retailers and eateries.

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

Tenure - Freehold

Tenancy Details - Shop: The shop was previously let at £14,500pa although is offered for sale with vacant possession.
9A: Vacant.
9B: Vacant.
9C: Let at £550 per calender month on a standard AST agreement.

Business Rates/Council Tax - Shop: The rateable value with effect from April 2017 is £11,250.
Flats: Band A

Notes - We are informed there is live planning to extend the rear studio flat to accommodate a larger 1 bedroom flat which would increase the overall income.

Vat - We understand the property is elected for VAT and therefore the purchase price will also be subject to VAT.

Energy Performance Certificate - Shop: E
9b: C
9c: D

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.

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