***MIXED USE PERIOD INVESTMENT*** Rare opportunity to acquire an attractive mixed use 4 storey property situated on Whiteladies Road, Clifton. The property comprises a ground floor retail unit and basement with a vacant and self contained 4 bedroom maisonette above. The shop and basement are let to 'Two Belly cheese & beer shop' at a passing rent of £24,000pa. We anticipate a potential gross annual rent of circa £52,800pa once fully occupied. To be sold freehold subject to the occupational commercial lease. Early enquiries are recommended.
An exciting opportunity to purchase a well presented mixed use period property arranged over 4 storeys.
The ground floor and basement are let to 'Two Belly cheese & beer shop' with the 4 bedroom maisonette offered for sale with vacant possession.
The maisonette comprises a well proportioned living room/kitchen, bedroom and bathroom on the first floor with a further 3 bedrooms and WC on the second floor. The maisonette would ideally suit use for Airbnb, a student let or HMO subject to consents. Benefits include gas central heating and double glazing throughout.
Situated in a prime position within a mixed parade of shops on Whiteladies Road, a highly desirable and sought after location. Access to the maisonette is via a private gated lane located off Wellington Park. Nearby notable occupiers include Bosco, Lloyds Bank and Pizza Workshop.
Understood to be freehold.
LEASE DETAILS -
The ground floor and basement are let on a 10 year full repairing and insuring lease to 'Two Belly cheese & beer shop' at a passing rent of £24,000pa. The lease commenced in June 2018 and there is a rent review in June 2023. The lease is excluded from Sections 24-28 of The Landlord and Tenant Act 1954.
The maisonette is currently vacant but we would anticipate a rent of approximately £600 per room pcm i.e £28,800pa.
POTENTIAL GROSS INCOME -
Potential gross rent of circa £52,800pa once fully let.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
ENERGY PERFORMANCE CERTIFICATE -
Ground floor and basement: EPC rating D (expires September 2024).
BUSINESS RATES -
The ratable value effective from September 2018 as per the VOA is £20,000.
By appointment with Maggs and 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.
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.