Fantastic opportunity to acquire a fully let mixed use investment in the heart of Henleaze. The property is arranged as a ground floor retail unit/office with a 3 bedroom maisonette above and separate office to the rear. Offered for sale freehold subject to the occupational tenancies. Currently let producing £35,100pa there is scope to increase the rent on the maisonette to circa £1,400pcm - £1,500pcm i.e a total rent in the region of £39,300pa - £40,500pa.
A substantial mixed use investment fully let producing £35,100pa. The property comprises a ground floor shop/office, large 3 bedroom maisonette and office to the rear. We feel that the maisonette is underlet with good scope to increase the rent to circa £1,400pcm - £1,500pcm or convert into a HMO subject to consents and vacant possession.
The property is situated in a highly sought after location on Henleaze Road, within easy reach of The Durdham Downs and Westbury on Trym. Notable neighbouring occupies include Henleaze Garden Centre, Tesco Express, Cats Protection and the Post Office.
Understood to be freehold.
LEASE DETAILS -
The property is let on the following basis:
Shop - £15,000pa (5 year lease from 1st September 2020)
Office - £7,500pa (Occupied since 2013 with the lease renewed on 3rd September 2019 until September 2022)
Maisonette - £1,050pcm (Let on an AST until 18th December 2022)
Total - £35,100pa
LEGAL COSTS -
Each party to incur their own respective legal costs.
FLOOR PLAN -
The floor plan is provided for indicative purposes and should not be relied upon.
ENERGY PERFORMANCE CERTIFICATE -
Shop EPC rating - D (expires July 2030)
Office EPC rating - E (expires June 2032)
Maisonette EPC rating - D (expires December 2029)
By appointment with Maggs & Allen.
All figures are quoted 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.