East Street, Bedminster, Bristol, Bristol

£275,000 - Sold Subject to Contract

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Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

Triple fronted retail investment situated on East Street, Bedminster within easy reach of Bristol City Centre. The property is let to one established tenant on a 15 year lease from 2005 at £17,500pa subject to 5 yearly reviews. Ideal investment opportunity.

DESCRIPTION -

Well presented triple fronted commercial investment let to an established tenant producing £17,500pa subject to review.

LOCATION -

The property fronts East Street which is a continuation of Bedminster Parade, just off Coronation Road.

LEASE DETAILS -

Let for a term of 15 years from 2005 to 'Speedloan Finance Limited' subject to 5 yearly rent reviews at a current passing rent of £17,500pa on an effectively Internal Repairing and Insuring basis.

COVENANT STRENGTH -

For the year ended 31 March 2016 Speedloan Finance Limited reported a gross profit of £23m and a balance of £1,303,357.

TENURE -

Offered for sale on a new 999 year lease.

ENERGY PERFORMANCE CERTIFICATE -

Rating: D

FLOOR PLAN -

The floor plan is provided for indicative purposes and is not to be relied on.

VAT -

All figures quoted are exclusive of VAT unless otherwise stated.

VIEWINGS -

Strictly by appointment with Maggs & Allen.

CONTROL OF ASBESTOS -

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.

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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.