Straits Parade, Fishponds, Bristol BS16 2LA

Asking price £250,000 - Sold Subject to Contract

  • mixed use
  • retail unit
  • 1 bedroom flat
  • long leasehold
  • investment

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

***MIXED USE INVESTMENT*** Opportunity to acquire a mixed use investment comprising a ground floor retail unit with a 1 bedroom self contained flat above. In addition there is a rear garden with garage and store. The ground floor shop is to be sold with vacant possession with the flat currently let at £550pcm. We feel the flat is underlet with the potential to increase. To be sold on on long leasehold basis.

DESCRIPTION -

Mixed use investment arranged as ground floor shop of approximately 793 sqft with 1 bedroom flat above.

LOCATION -

The property is situated within a mixed parade of shops on Straits Parade, Fishponds. Near by notable occupiers include Dominos, KFC and Co-op Supermarket.

TENURE -

Understood to be a long leasehold with approximately 900 years remaining (TBC). There is a ground rent payable currently set at £7.88 every 6 months.

ACCOMMODATION -

GROUND FLOOR -

Retail unit to be sold with vacant possession. Potential rental income of circa £12,000pa.

FIRST FLOOR -

1 bedroom flat currently let at £550 pcm. We feel this is underlet with the potential to increase.

OUTSIDE -

Rear garden with garage and store.

FLOOR PLAN -

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

BUSINESS RATES -

The rateable value effective from April 2017 as per VOA website is £9,300.

We would anticipate full rate relief would therefore be applicable to those eligible for small business relief. However interested parties are advised to make their own enquiries with the local authority to confirm.

ENERGY PERFORMANCE CERTIFICATE -

GF rating: TBC.
FF rating: E (expires Nov 2022).

VIEWING -

By appointment with Maggs and Allen.

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.