A large mixed use property arranged as a ground floor shop, rear warehouse, first floor maisonette and a further first floor office. The rear warehouse is let at £18,000 pa and terms have been agreed for the flat at £795pcm. The shop is let at £14,300pa although the tenant is due to vacate and we are now remarketing to let, the first floor office is vacant. Once fully occupied we anticipate a gross rental income of circa £47,000 pa. The site also offers potential for further development subject to obtaining the necessary consents. Situated on the High Street Portishead, early enquiries are recommend.
A large extended mixed use property arranged as a ground floor shop with additional warehouse/workshop to the rear, a first floor two bedroom maisonette and a further first floor office. The flat is well presented having recently been extensively refurbished. The vacant office offers potential to convert to residential accommodation (subject to obtaining the necessary consents) or let to a commercial tenant. In addition, there is a large flat roof over the rear workshop which may also offer potential for development.
The property is situated on Portishead High Street next to a pedestrian crossing. Neighbouring occupiers include Dyer and Scott Opticians and The Butcher's Block.
Rating: Shop - D (March 2020)
Rear Commercial Parts: G (March 2020)
Maisonette: D (December 2019)
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
The shop is currently let to a florist at £14,300pa although the tenant has served notice to vacate. We are now marketing the shop to let at £14,000pa on an internal repairing and insuring basis. The shop provides approximately 920 sq ft inclusive of kitchen, office and WC.
REAR WORKSHOP -
The rear workshop is let at £18,000pa on an internal repairing basis for a term of 7 years from 2019 subject to a rolling tenant break option (which is subject to 6 months written notice and a 3 month rent penalty).
The rear workshop provides approximately 1,590 sq ft (Gross Internal Area).
FIRST FLOOR OFFICE -
This is currently vacant and is loosely arranged as offices.
This area measures approximately 310 sq ft (Gross Internal Area).
We understand that terms have recently been agreed for the two bedroom maisonette based on a new Assured Shorthold Tenancy agreement at a rent of £795 pcm.
BUSINESS RATES -
The rateable value for the shop is £12,000 with effect from April 2017.
We have been unable to locate the rateable value for the warehouse and first floor office.
Strictly by Appointment with Maggs and Allen
All figures quoted are exclusive of VAT unless otherwise stated.
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.
Maggs & Allen use all reasonable endeavours 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.