A mixed use premises comprising a double fronted café of approximately 685 sq ft with additional basement storage and a self contained first floor two bedroom flat. The property is offered for sale as a fully let investment (producing an annual rent of £23,430pa), but vacant possession of the ground floor may be possible. The property also offers potential for further development / redevelopment, subject to obtaining the necessary consent. The property is situated in the heart of Downend in a prominent position.
A mixed-use property arranged as a double fronted cafe/cake shop of approx 685 sq ft, basement storage of approx. 215 sq ft and a well presented first floor 2 bedroom self contained flat. The shop offers potential to convert to residential accommodation and there is also potential to extend above the flat roof area, all subject to obtaining the necessary consents.
Situated on the junction of North Street, Badminton Road and Downend Road in the heart of Downend.
GROUND FLOOR/BASEMENT -
Provides approximately 685 sq ft (64 sq m) with additional basement of approximately 215 sq ft (20 sq m). The shop is currently arranged as a cake shop although was previously used as a cafe. The shop benefits from gas central heating and UPVC double glazing.
FIRST FLOOR FLAT -
Arranged as a kitchen/living room, 2 bedrooms and bathroom with modern white suite.
LEASE DETAILS -
The Ground Floor Shop is let on a 10 year lease from July 2015, subject to a passing rent of £13,230 per annum. There is a tenant only break clause in July 2022. Alternatively should vacant possession be required we understand the current tenant may be happy to surrender their lease.
The First Floor Flat has been recently let on a 12 month Assured Shorthold Tenancy Agreement (commencing November 11th) at a rent of £850 PCM.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
Planning consent was granted in Feb 2012 (now lapsed) for the erection of first floor side extension to create a further flat - Application No: PK11/3624/F.
To be sold on a Freehold basis. Whilst the cafe and flat are currently occupied, both parts are offered for sale with vacant possession.
BUSINESS RATES -
The rateable value effective 1st April 2017 is £6,700. We would therefore expect those eligible for small business relief could benefit from 100% exemption. However, we recommend all interested parties confirm directly with Bristol City Council.
ENERGY PERFORMANCE CERTIFICATE -
Flat - E
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.
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.