***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.