Regent Street, Kingswood, Bristol BS15 8LJ

£1,750,000 - For Sale

  • Let Producing Approx. £145,340pa
  • 11x Flats
  • 2x Restaurants
  • 1x Shop
  • Break-Up Opportunity

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

A substantial and fully let mixed-use investment comprising 11 flats, 2 large restaurants/bars and a further retail unit, let producing approximately £145,340pa. The flats are let on Assured Shorthold Tenancy agreements and the three commercial units are let on effectively Full Repairing and Insuring terms. A number of the flats have been refurbished to provide modern kitchens and bathrooms, several benefit from gas central heating and the restaurants are very well presented. Some of the flats would benefit from some further updating which may provide a further rental uplift. The flats are accessed from the rear and also offer a potential break-up opportunity. The property is located in a busy position on the High Street in Kingswood, Bristol.

DESCRIPTION -

A substantial mixed-use and fully let investment comprising:

5x Two-bedroom flat.
4x One-bedroom flat.
2x Studio flat.
A large restaurant with rear access.
A retail unit with basement storage (let to a hair salon).
A further restaurant/bar with basement and first floor and outside terrace.

The flats are let on Assured Shorthold Tenancy agreements and the three commercial units are let on effectively Full Repairing and Insuring terms. A number of the flats have been refurbished to provide modern kitchens and bathrooms and several benefit from gas central heating. Some of the flats would benefit from some further updating which may provide a further rental uplift. The flats are accessed from the rear and also offer a potential break-up opportunity. The two restaurants are very well presented.

LOCATION -

The property is situated in a bustling trading position on the high street in Kingswood within close proximity of the Kings Chase Shopping Centre. The flats are accessed from the rear via London Street. Neighbouring occupiers include Subway, Barclays Bank, Natwest and Wetherspoons public house.

TENURE AND METHOD OF SALE -

The property is to be sold on a freehold basis for sale by private treaty subject to an asking price of £1.75m.

FLOOR PLAN -

The floor plans are provided for indicative purposes only and should not be relied upon. Plans for the remaining flats will be provided in due course.

ENERGY PERFORMANCE CERTIFICATE -

Shop - 87 Regent Street- Rating D (Apr 2017)
Flat 1 - 87 - Rating C (July 2017)
Flat 2 - 87 - Rating C (Dec 2017)
Hairdressers - 89- Regent Street - Rating C (July 2017)
Flat 3 - 89 - Rating C (Aug 2017)
Flat 4 - 89 - Rating C (Dec 2017)
Flat 5 - 89 - Rating C (Dec 2017).
Shop - 91 Regent Street - Rating D (Nov 2012)
Flat 1 - 91 - Rating - D (Dec 2017)
Flat 2 - 91 - Rating - D (Aug 2017)
Flat 3 - 91 - Rating - C (Dec 2017)
Flat 4 - 91 - Rating - B (Dec 2010)
Flat 5 - 91 - Rating - C (Dec 2017)
Flat 6 - 91 - Rating - C (July 2020)

LEGAL COSTS -

Each party is responsible for their own legal costs incurred in respect of this transaction.

VIEWING -

Strictly by appointment with Maggs and Allen only

CONTACT DETAILS -

Tel: 0117 973 4940
Email: commercial@maggsandallen.co.uk

VAT -

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.

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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.