Church Road, Redfield, Bristol BS5 9JJ

£750,000 - For Sale

  • Mixed Use Investment
  • 3 Shops
  • 4 Flats



Share:

A substantial freehold mixed-use investment property comprising three adjoining terraced buildings, situated in a prominent position on Church Road in Redfield. The ground floor is arranged to provide three retail units (currently arranged as one large unit) with four self-contained, well-presented flats above (2 x 2-bedroom flats and 2 x 1-bedroom flats).

DESCRIPTION -

A substantial freehold mixed-use investment property comprising three adjoining terraced buildings, situated in a prominent position on Church Road in Redfield. The ground floor is arranged to provide three retail units (currently arranged as one large unit) with four self-contained, well-presented flats above (2 x 2-bedroom flats and 2 x 1-bedroom flats).

These attractive period buildings are currently let producing a gross annual income of £44,530 per annum with potential to increase to circa £57,000 per annum if the ground floor shops were let separately at the market level. An excellent investment prospect or potential break-up opportunity.

LOCATION -

The property is situated in a prominent position on Church Road in Redfield, one of the main arterial routes in and out of the City Centre. Local amenities and services are all within close proximity including a wide range of retailers, cafes, bars and restaurants.

PLANNING -

The flats on the first and second floors were converted under planning application no. 12/03781/F. They have been finished to an excellent standard with modern kitchens/shower rooms and have been well-maintained since the conversion.

ACCOMMODATION -

35-39 CHURCH ROAD (GROUND FLOOR) -

Photography studio with two partitioned offices and WC.

APPROXIMATE FLOOR AREA (GROSS INTERNAL AREA) -

1,155 sq ft (107 sq m)

CURRENT RENT -

£9,000 Per Annum. We understand the lease expires February 2022.

FLAT 1, 2 RUSSELL TOWN AVENUE (FFF) -

Living Room, Kitchen/Diner, Double Bedroom, Shower Room.

APPROXIMATE FLOOR AREA (GROSS INTERNAL AREA) -

441 sq ft (41 sq m)

CURRENT RENT -

£675 pcm

FLAT 2, 2 RUSSELL TOWN AVENUE (FFF) -

Kitchen/Living Room, 2 Double Bedrooms, Shower Room.

APPROXIMATE FLOOR AREA (GROSS INTERNAL AREA) -

559 sq ft (52 sq m)

CURRENT RENT -

£800 pcm

FLAT 3, 2 RUSSELL TOWN AVENUE (TFF) -

Living Room, Kitchen/Diner, Double Bedroom, Shower Room.

APPROXIMATE FLOOR AREA (GROSS INTERNAL AREA) -

505 sq ft (47 sq m)

CURRENT RENT -

£675 pcm

FLAT 4, 2 RUSSELL TOWN AVENUE (TFF) -

Kitchen/Living Room, 2 Double Bedrooms, Shower Room.

APPROXIMATE FLOOR AREA (GROSS INTERNAL AREA) -

548 sq ft (51 sq m)

CURRENT RENT -

£765 pcm

ADVERTISING HOARDING -

Current Rent: £550 Per Annum.

35-39 Church Road -

Ground Floor Shops: Approx, 1,155 sq ft (107 sq m)
Flat 1 (1 Bedroom): 441 sq ft (41 sq m)
Flat 2 (2 Bedrooms): 559 sq ft (52 sq m)
Flat 3 (1 Bedroom): 505 sq ft (4 7 sq m)
Flat 4 (2 Bedrooms): 548 sq ft (51 sq m)

TENURE -

The property is to be sold on a freehold basis subject to the existing commercial lease, tenancy agreements for the residential flats and the agreement for advertising on the flank wall.

ENERGY PERFORMANCE CERTIFICATES (EPCs) -

Energy Ratings:
35-39 Church Road (Shops): TBC
Flat 1: D Flat 2: D Flat 3: E Flat 4: D

VAT -

All figures quoted are exclusive of VAT unless otherwise stated.

BUSINESS RATES -

The Rateable Value effective 20 February 2018 is: Ground Floor, 35-39 Church Road: £14,250.

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.

VIEWINGS -

Strictly by appointment with 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.

Floorplan for Church Road, Redfield, Bristol