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SOLD STC

Southmead Road, Westbury on Trym, Bristol

£325,000

Business rates & charges may apply

Maggs & Allen, Bristol
SIZE

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SECTOR

Commercial development for sale

Key features

  • Mixed-Use Investment Property
  • Shop Let at £12,000pa
  • Vacant 2 Bedroom Flat
  • Potential Gross Annual Rent of £28,200pa
  • Off-Street Parking To Rear

Description

A mixed-use investment property comprising a ground floor shop of approx. 900 ft² with a spacious 2 bedroom flat above. The shop is let on a 5 year term at £12,000pa. The first floor flat is currently vacant and would benefit from some updating, following which we would anticipate a rent of approx. £1,350pcm, i.e.a total gross annual rent for the building of approximately £28,200pa.

The property is situated on the junction of Wellington Hill West and Southmead Road, in Westbury On Trym.

Description - A mixed-use investment property comprising a ground floor shop of approx. 900 ft², let on a 5 year lease at £12,000pa. The first floor is arranged as a self contained and spacious (approx. 720 ft²) 2 bedroom flat. The flat is currently vacant and would benefit from some updating. In addition, there is off street parking located to the rear of the property.

The shop has been recently refurbished by the current tenant and benefits from air conditioning. The flat is arranged as two bedrooms, a dinning hall, a lounge, separate spacious kitchen, and bathroom. It has night storage heating and would benefit from some modernisation.

Location - The property is located in a prominent position on the junction of Wellington Hill West and Southmead Road, in Westbury On Trym, North Bristol.

Energy Performance Certificate (Epc) - Rating:
Flat: E - valid to July 2029.
Shop: C - valid to April 2034.

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

Business Rates/Council Tax Band - Flat: Band A

Shop: The Rateable Value with effect from 2026 is: £11,000.

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

Viewings - By appointment.

Tenure - Understood to be freehold but to be confirmed.

Lease Details - Shop: The shop is let on a 5 year effectively fully repairing and insuring term from April 2025, at a passing rent of £12,000pa, and subject to a 3 year tenant only break and upward only market rent review, and a £6,000 lease deposit.
Flat: The flat is currently vacant. Subject to some modernisation, we would anticipate a rent of approximately £1,350pcm.

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.

Brochures

Southmead Road, Westbury on Trym, Bristol

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Redland Station1.7 miles
  • Montpelier Station1.8 miles
  • Filton Abbey Wood Station2.0 miles

About Maggs & Allen, Bristol

Richmond Hill, Clifton, Bristol, BS8 1BA

Commercial Property Specialists

If you are looking to sell or lease a commercial property in the Bristol region, Maggs & Allen have the experience and expertise to assist you. We are able to sell, rent, provide expert advice and negotiate all property matters relating to industrial, office, retail and investment properties throughout the Bristol region.

We can also provide RICS Compliant Valuations to assist with the calculation of Inheritance/Capital Gains Tax, for SIPPS/SASS pension requirements, for rent review, lease renewal, matrimonial and expert witness.

To discuss your requirements, do not hesitate to contact Maggs and Allen.

Call us on 0117 973 4940 or e-mail us at commercial@maggsandallen.co.uk.

Notes

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Disclaimer - Property reference 34773608. 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, Bristol. 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.