Commercial Investment / Development Opportunity

A substantial 3 storey mixed use property of approximately 4,213 sq ft arranged as 2 shops with rear storage, offices above, and car park to the rear. The property is located in a highly prominent position in Fishponds Road and is fully let producing £62,500pa.

The site also offers potential for residential redevelopment and planning was previously granted for the conversion of the ground floor storage and offices into 6 x two bedroom flats, although has since lapsed. There is also scope to create further dwellings by utilizing the loft space, subject to obtaining the necessary consents.

Offered for sale on a freehold basis subject to the occupational leases.

Description - A substantial 3 storey mixed use property of approximately 4,213 sq ft. The property comprises 2 ground floor retail units and storage with 2 floors of office space above. The upper floors and ground floor storage offer great redevelopment potential for a scheme of flats or HMO, subject to consent. Planning was previously granted for the conversion of the ground floor storage and offices into 6 flats, although has since lapsed. There is also scope to create further dwellings by utilizing the loft space. The property is currently fully let producing £62,500pa with the office tenant vacating in April 2025.

Location - The property is situated in a highly prominent position on Fishponds Road. A wide range of local amenities are available on the doorstep including Natwest Bank, Coffee #1 and both Aldi and Lidl Supermarkets. Excellent transport links are also provided to the city centre.

Tenure - Understood to be freehold.

Accommodation/Rental Details -

764 Fishponds Road - Approximately 695 sq ft
Lease Term– 10 years
Expiring – 30th March 2026
Rent - £ 16,000 per annum

766 Fishponds Road - Approximately 511 sq ft
Lease Term– 5 years
Expiring – 11th December 2019. The current tenant is holding over and the vendor is in discussions to extend the lease
Rent - £ 9,000.00 per annum

Offices, 764 - 766 Fishponds Road - Approximately 3,007 sq ft
Lease Term– 5 years
Expiring – 24th April 2025
Rent - £ 37,500.00 per annum

Business Rates - The rateable values for the separate demises of the property are as follows:
764 Fishponds Road - £13,500
766 Fishponds Road - £10,750
FF & SF, 764 - 766 Fishponds Road - £20,750

Energy Performance Certificate (Epc) - EPC ratings:
GF, 764 Fishponds Road - C (expires March 2030)
GF, 766 Fishponds Road - C (expires May 2034)
FF & SF, 764 - 766 Fishponds Road - D (expires February 2025)

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

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

Viewings - By appointment with Maggs & Allen.

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.