***MIXED USE INVESTMENT***
Opportunity to purchase a mixed use freehold investment located on Gloucester Road. The property is fully let producing £29,000pa. Offered for sale freehold subject to the occupational leases. Early enquiries are recommended.
A very well presented mixed use investment comprising a ground floor restaurant with a first floor cookery school. In addition there is a garden to the rear and second floor loft room. The property offers potential for a residential dwelling on the upper floors, subject to consents.
Situated on Gloucester Road, Bristol a highly sought after location. Nearby notable occupiers include Tinto Lounge, The Royal Oak and Grounded.
Understood to be freehold.
LEASE DETAILS -
The ground floor and garden are currently let at a passing rent of £17,000pa to a Sri Lankan restaurant at a passing rent of £17,000pa until March 2024.
The first floor is currently let at a passing rent of £12,000pa until July 2022.
LEGAL FEES -
Each party to incur their own respective legal fees.
BUSINESS RATES -
The rateable value for the property effective from April 2018 is £8,700.
FLOOR PLAN -
The floor plan is provided for indicative purposes and should not be relied upon.
As a trading business viewings are strictly by appointment with Maggs & Allen.
We are informed that VAT is applicable to the property.
ENERGY PERFORMANCE CERTIFICATE -
EPC Rating: D (expires January 2027).
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.