405, Gloucester Road, Horfield, Bristol, BS7 8TS

Asking Price £425,000 - Sold Subject to Contract

  • Mixed Use Investment
  • Fully Let
  • Popular Location



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***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.

DESCRIPTION -

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.

LOCATION -

Situated on Gloucester Road, Bristol a highly sought after location. Nearby notable occupiers include Tinto Lounge, The Royal Oak and Grounded.

TENURE -

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.

VIEWING -

As a trading business viewings are strictly by appointment with Maggs & Allen.

VAT -

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.

Floorplan for Gloucester Road, Horfield, Bristol
EPC Graph for Gloucester Road, Horfield, Bristol