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Gloucester Road, Horfield, Bristol

£695,000

£160.73 per sq ft

Business rates & charges may apply

Maggs & Allen, Bristol
SIZE AVAILABLE

4,324 sq ft

402 sq m

SECTOR

Commercial development for sale

Key features

  • Substantial mixed use investment
  • Large shop & 2 flats
  • Scope to increase rent
  • Great location

Description

A substantial mixed-use investment extending to approximately 4,324 sq ft, comprising a large ground floor retail unit with 2 residential flats above.

The property occupies a prime position on Gloucester Road, one of the area’s most vibrant retail and leisure destinations, and a location that is highly sought after for both commercial and residential lettings. It is situated adjacent to Boston Tea Party and within close proximity to Sainsbury's Local.

Description - A substantial mixed-use investment extending to approximately 4,324 sq ft, comprising a large ground floor retail unit with 2 residential flats above.

The property is fully let, currently producing £46,700 per annum. The ground floor commercial tenant is holding over and paying a rent below current market levels.

We believe there is strong potential for rental growth, with scope to achieve circa £70,700 per annum once the retail unit is re-let at market rent.

Location - The property occupies a prime position on Gloucester Road, one of the area’s most vibrant retail and leisure destinations, and a location that is highly sought after for both commercial and residential lettings. It is situated adjacent to Boston Tea Party and within close proximity to Sainsbury's Local.

Outside - Courtyard garden to the rear of the property.

Letting Details - Shop (holding over) - £11,000pa (market rent circa £35,000pa)
2 bedroom flat - £1,325pcm
3 bedroom flat - £1,650pcm

All parts of the property are let excluding bills and rates.

Business Rates - The rateable value with effect from 2026 is: £34,750.

Energy Performance Certificate (Epc) - EPC ratings:

Shop - C (Valid until 19 April 2036)
2 bed flat - C (valid until May 2034)
3 bed flat - D (valid until April 2034)

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.

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

Gloucester Road, Horfield, Bristol

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Montpelier Station0.9 miles
  • Redland Station1.0 miles
  • Stapleton Road Station1.3 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

These notes are private, only you can see them.

Disclaimer - Property reference 34991289. 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.