West Street, Old Market, Bristol

Asking price £190,000 - For Sale

  • Commercial Investment
  • Central Location
  • Long Leasehold

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Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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The above is offered for indicative purposes only and should not be relied upon. Rates will vary lender to lender and subject to the customer’s specific circumstances. Fee’s may also apply.

Property Details

***COMMERCIAL INVESTMENT IN CENTRAL LOCATION*** Opportunity to purchase a commercial investment situated in a corner position on West Street, Old Market. The property is let to a bar (sole trader) at a passing rent of £13,500pa on the remainder of a 10 year lease until October 2028. The property comprises a ground floor bar area with adjoining toilet facilities and basement level providing storage. Offered for sale on a new long Leasehold basis.

DESCRIPTION -

We understand the property is let on a 10 year Full Repairing and Insuring lease recovered by way to a service charge from October 2018 to a bar (sole trader) at a passing rent of £13,500pa. There is an upwards only open market rent review at the end of year 5. Arranged as a ground floor bar area with adjoining toilet facilities. In addition there is a basement providing storage space.

LOCATION -

Situated in a corner position on West Street and Midland Road providing easy access to the M32 motorway and within close proximity to the Bristol City Centre, Cabot Circus and Temple Meads Train Station. Old Market Street is home to a variety of independent businesses and with various redevelopment projects underway is becoming an increasingly popular location.

TENURE -

To be sold on a new long Leasehold basis.

FLOOR PLAN -

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

ENERGY PERFORMANCE CERTIFICATE -

Rating: E

BUSINESS RATES -

The rateable value effective from April 2017 as per the VOA website is £4,300.

LEGAL COSTS -

Each party to incur their own respective legal fees.

VAT -

All figures quoted are exclusive of VAT unless otherwise stated.

VIEWING -

As an actively trading business viewings are strictly by appointment with Maggs & Allen.

CONTROL OF ABSESTOS 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.

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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.