Avonmead House, Stokes Croft, St Pauls, Bristol, Bristol City

Location

Bristol is the 5th largest conurbation in the UK and capital of the Southwest, situated approximately 120 miles West of London, 88 miles South of Birmingham and 78 miles North of Exeter.

Excellent road communications are provided with the M5/M4 motorway interchange situated 5 miles North of the City Centre. The M32 motorway provides a fast link from the City Centre to Junction 19 of the M4, 5.5 miles to the Northeast. The M48 and M49 motorways give access to South Wales via both Severn crossings.

Situation

Situated in a great position on Stokes Croft in a mixed parade of shops, cafes and restaurants.  Nearby occupiers include Pinkmans, Pieminister and Love Inn.

Stokes Croft is well known for its eclectic mix of businesses, ranging from shops, essential services and restaurants, making it a bustling hub of activity and a popular destination for local residents including families, young professionals and students.

Description

The property comprises a ground floor unit totalling 803 sq ft (74.56 sq m) with 1 allocated car parking space.  The current tenant uses the property as a dance and yoga studio.  Toward the rear is a storage area, WC and door leading to the rear exit and car parking space.

Areas

The shop unit has the following approximate net internal floor areas:

Ground Floor Sales                 803 sq ft           74.56 sq m

Tenure

The property is held on a long leasehold basis for a term of 999 years from 22nd August 2014.

Tenancy

The property is let to KHN NPNG Ltd on an effectively full repairing and insuring lease (via service charge) for a term of 5 years from 13th June 2025, with a tenant only break option and upward only rent review on the 3rd anniversary of the lease. The current passing rent is £15,000 per annum exclusive.  The lease is contracted outside of sections 24-28 of the Landlord and Tenant Act 1954.  The lease is also subject to a photographic schedule of condition.

Proposal

We are seeking offers in offers in the region of £190,000  (one hundred and ninety thousand pounds).

VAT

We understand that VAT is not chargeable.

Business Rates

Rateable Value: £23,000.

Rates Payable (2026/27) 43.2p in the £

Interested parties should make their own enquiries to the Local Billing Authority.

EPC

EPC Rating - B (28)

Legal Costs

Each party is to be responsible for their own legal costs.  Any Superior Landlord costs will be split between the seller and purchaser.

Anti-Money Laundering

In accordance with Anti-Money Laundering Regulations, evidence of identity and source of funding will be required from the successful purchaser prior to instructing solicitors.

Viewing

For further information or to arrange a viewing, please contact the sole agents:

Steve Cullis - or

OR

Ben Newton - or