A rare opportunity to purchase 3 commercial investments in the affluent village of Chew Magna. The shops are to be sold let producing approximately £31,500pa although vacant possession of the shops (in part) can be provided if required.
Situated in the popular and affluent village of Chew Magna which is located approximately 10 miles from Bristol, 15 miles from Bath, 13 miles from the city of Wells, and 6 miles from Bristol Airport. The village has approximately 1,200 residents. There is one primary school, and an adjacent secondary school, several shops and small businesses, three churches, and three pubs serving the area.
Let on a 5 year term from 01/6/13 to 31/5/2018 at £6,500pa (plus service charge) subject to annual rent reviews on what we believe to be an effectively Full Repairing and Insuring basis. Our client hopes to review this rent to a figure in the region of £7,000-£7,500p.a at the next review. Alternatively our client is confident that vacant possession can be obtained if required.
Let on a 10 year term from 15/3/2013 at £6,500pa (plus service charge) on an effectively Full Repairing and Insuring basis. Our client informs us vacant possession could be obtained for the majority of the shop although a smaller post office counter would need to remain for 12 months.
Currently owner occupied although we understand our client has a tenant keen to take a new lease at £18,240pa (to include electric, gas, water and drainage) on Full Repairing and Insuring terms for 6 years with a tenant and landlord break option at year 3.
As the property is occupied by actively trading businesses, viewings are strictly by appointment with Maggs & Allen.
The floor plan is provided for indicative purposes only and should not be relied upon.
All figures quoted are exclusive of VAT unless otherwise stated.
We are informed VAT is not applicable to the purchase price.
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.
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.