***MIXED USE FREEHOLD INVESTMENT WITH POTENTIAL*** Exciting opportunity to acquire a mixed use property located on Old Church Road, Clevedon. Arranged as ground floor shop currently let to Boots Opticians with vacant first floor office. The first floor offers potential to convert to a residential dwelling subject to consents. We anticipate a potential rental income, without conversion of £16,200pa for both floors once fully occupier. To be sold Freehold subject to the occupational lease of the ground floor.
Mixed use investment comprising a ground floor retail unit with vacant first floor office which offers potential to convert to a flat subject to consents.
The property is situated in a prime position on Old Church Road, Clevedon within a mixed parade of shops.
Understood to be Freehold.
LEASE DETAILS -
Ground Floor - Let to Boots Opticians at £9,000pa until February 2022. We are led to believe Boots Opticians will wish to renew the lease at this time.
First Floor - Currently vacant. We would anticipate a rent in the region of £7,200pa.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied on.
GROUND FLOOR -
Shop with rear office, storage and toilet measuring approximately 727 sqft.
FIRST FLOOR -
Offices with kitchenette and toilet measuring approximately 575 sqft.
BUSINESS RATES -
GF rateable value - £10,250.
FF ratable value - £3,800.
ENERGY PERFORMANCE CERTIFICATE -
Ground floor rating: TBC.
First floor rating: F (Expires December 2022).
By appointment with Maggs & Allen.
All figures quoted are exclusive of VAT unless otherwise stated.
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.
Please note the vendor is a connected person to an employee of Maggs & Allen.
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.