Regent Street, Kingswood, Bristol

Asking price £475,000 - For Sale

Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

***FREEHOLD MIXED-USE INVESTMENT*** Fantastic freehold investment opportunity with this recently renovated, fully let, mixed-use property comprising an extended ground floor shop with 2 x 2 bed self contained flats to the upper floors and an additional studio flat to the rear. The property is fully let producing £38,500 per annum. Early enquiries recommended.

DESCRIPTION -

Substantial, three story mixed use investment comprising a ground floor shop of approximately 1,000sqft and 3 self contained flats to upper floors. The property is fully let and currently producing £38,500 per annum.

LOCATION -

Situated on Regent Street being the main High Street in Kingswood within close proximity to the Kings Chase Shopping Centre. Kingswood offers easy access to Bristol City Centre and has good links to the Avon Ring Road and further afield. Notable nearby occupiers include 'Nationwide Building Society', 'Domino's Pizza', 'St Peters Hospice' as well as various local, independent retailers and eateries.

TENURE -

Freehold

TENANCY DETAILS -

Shop: The retail shop is let on a 5 year Full Repairing and Insuring lease from 15th June 2017 at £14,500 Per Annum + VAT with 3 months deposit provided to the landlord.
9A: Let at £725 per calender month on a standard AST agreement.
9B: Let at £725 per calender month on a standard AST agreement.
9C: Let at £550 per calender month on a standard AST agreement.

BUSINESS RATES/COUNCIL TAX -

Shop: The rateable value as per the VOA website is £11,250.
Flats: Band A

ENERGY PERFORMANCE CERTIFICATE -

Ratings: Shop: E, 9A: C, 9B: C, 9C: D

FLOOR PLAN -

The floor plan has been provided for indicative purposes only and are not to be replied upon.

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.

NOTES -

We are informed there is live planning to extend the rear studio flat to accommodate a larger 1 bedroom flat which would increase the overall income.

VAT -

We are informed that VAT is applicable on this property and the purchase price is subject to such.

VIEWING -

Strictly by appointment with Maggs & Allen.

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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.