Midland Road, Old Market, Bristol

£90,000 - For Sale

  • Commercial Investment
  • Central Location
  • 2 Floors

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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*** Opportunity to purchase a commercial investment let on a the remainder of a 3 year lease until 2021 at a passing rent of £6,500pa. The current tenant (an escape room business) is in the process of refurbishing the property. Located on Midland Road, Old Market providing easy access to Temple Meads Train Station, Cabot Circus and M32 Motorway. Offered for sale on a new long Leasehold basis.

DESCRIPTION -

The property comprises a ground floor shop/office area with adjoining toilet facilities and additional basement level. Currently let to a puzzle room game business on the remainder of a 3 year lease until 2021. The property could make an ideal SIPP or SSAS purchase.

LOCATION -

Situated in a corner position fronting 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.

LEGAL COSTS -

Each party to incur their own respective legal fees.

ENERGY PERFORMANCE CERTIFICATE -

Rating: G

FLOOR PLAN -

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

BUSINESS RATES -

The approximate rateable value with effect from April 2017 as per the VOA website is £5,300.

VIEWING -

Strictly by appointment with Maggs & Allen.

VAT -

All figures quoted are exclusive of VAT unless otherwise stated.

TENANT APPLICATION FEE -

The ingoing tenant will be charged an application fee of £250 plus VAT (£300 inc VAT) towards the costs incurred in undertaking appropriate credit and reference checks. Accounts will be requested where available and a deposit and/or personal guarantee may be required.

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.

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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.