An attractive, freehold mixed-use investment property, arranged as a large ground floor shop (approximately 1,000 sq ft), with 2 self contained one bedroom flats above. The property is situated on the High St Portishead, and will be sold subject to vacant possession of the shop and one of the flats. The property offers the potential to produce a gross annual rent of circa £33,600pa, and also offers potential to convert the rear of the shop to a further flat, subject to the necessary consents.
A period semi detached, two storey mixed-use property comprising a large ground floor shop of just over 1,000 sq ft (GIA) with 2 self contained one bedroom flats above. The shop was previously let at £18,000pa, but will be sold with vacant possession.
The property is situated in a busy position on the High Street in Portishead. Notable neighbouring occupiers include Iceland, HSBC and Dominos. Portishead is a popular coastal town benefiting from a modern marina conveniently located just off the M5 providing easy access to Bristol and the South West.
GROUND FLOOR -
Provides approximately 1,000 sq ft of accommodation, previously let to a travel agents at a rent of £18,000 per annum.
FIRST FLOOR -
Arranged as 2 x one bedroom flats.
Flat 32a: Currently let on an Assured Shorthold Tenancy at a passing rent of £400 pcm.
Flat 32b: To be sold with vacant possession. We would suggest a market rent in the region of £650 PCM for each of the flats.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
Shop: D (Oct 2019)
32a Flat - F (Oct 2019)
32b Flat - F (Oct 2019)
All figures quoted are exclusive of vat unless otherwise stated.
BUSINESS RATES -
The rateable value with effect from April 2017 is £16,250.
Strictly by appointment with Maggs and Allen only
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.
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.