Abbotswood, Yate, Bristol

£250,000 - Sold Subject to Contract

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Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

A substantial mixed-use commercial investment property arranged as a ground floor takeaway with a recently renovated and self-contained 3 bedroom maisonette above. The takeaway is currently let producing £11,850 per annum whilst the maisonette will be sold with vacant possession. The property is situated in the purpose built shopping centre of Abbotswood in Yate, which offers a variety of retail and food premises. Also included is a single lock-up garage in a nearby rank. A fantastic investment opportunity with a potential rental income in excess of £22,000 per annum once fully occupied.

DESCRIPTION -

A three storey mid-terraced investment property comprising a ground floor takeaway with a recently renovated 3 bedroom maisonette on the first and second floors and a single garage in a nearby rank. Customer parking is also available in the car park to the rear of the building.

LOCATION -

The property is situated in a prominent trading position in the purpose built shopping centre of Abbotswood in Yate. A wide range of amenities are available locally and easy access is provided to Yate Shopping Centre and Tesco Extra.

ACCOMMODATION -

Please refer to floorplan for approximate room measurements and internal layout.

GROUND FLOOR (34 Abbotswood) - Approx. 647 sq ft -

The ground floor premises is arranged to provide a customer serving area with full width windows to the front, kitchen, preparation area and toilet facilities. There is also rear access for deliveries.

FIRST & SECOND FLOOR MAISONETTE (35 Abbotswood) -

This well-presented maisonette is arranged to provide a large lounge, dining room and kitchen on the first floor with 3 bedrooms and a bathroom on the second floor.

GARAGE -

The property includes a single lock-up garage situated in a nearby rank of garages.

LEASE DETAILS -

We are informed by the vendor that the ground floor takeaway is currently let on a 15 year lease from 2016 at a rent of £11,850 per annum. We await a copy of the lease.

ENERGY PERFORMANCE CERTIFICATES -

34 Abbotswood: Energy Rating - C
35 Abbotswood: Energy Rating - F

TENURE -

We understand from the vendor that the property will be sold on a freehold basis, subject to the lease of the ground floor takeaway.

BUSINESS RATES -

The Rateable Value effective 1st April 2017 is £5,700.

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.