Rare opportunity to purchase a mid terrace freehold property comprising a ground floor restaurant and additional self contained maisonette. The property also benefits from rear access and a good size rear courtyard.
Situated in a highly popular position on North Street, Southville. Neighbouring occupiers include 'The Lounge cafe/bar', 'The Burger Joint', 'Parsons Bakery', ' Coffee No.1', 'The Tobacco Factory' and 'The Hen and Chicken public house'.
A ground floor restaurant of approximately 800sqft arranged as customer seating (470sqft) with additional kitchen, store room and two w/c's. To the rear of the property is an enclosed courtyard benefiting from rear access which pay offer potential for further redevelopment subject to obtaining the necessary consents. The upper floors are arranged as a well presented and and spacious 3 bedroom maisonette.
The ground floor restaurant and courtyard is offered for sale with vacant possession.
We are informed the maisonette is let at £1,000pcm on an Assured Shorthold Tenancy basis.
Restaurant: Rating C
Maisonette: Rating E
The floor plan is provided for indicative purposes only and is not to be relied upon.
We understand VAT is applicable to the purchase price (in respect of the commercial element).
The rateable value with effect from April 2017 is £7,300. Those eligible for small business rate relief may therefore benefit from full relief at the current time. However, interested parties are advised to contact the local authority to confirm.
We understand that Japanese Knotweed has been identified in the rear courtyard. Our client informs us that they have taken remedial action and an insurance backed guarantee has been provided. Please contact the office for further information.
Strictly by appointment with Maggs & Allen.
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.