A superb commercial investment opportunity comprising a ground floor retail unit in an attractive period building on Coldharbour Road in Westbury Park. The property is let producing £16,800 per annum on a new 10 year lease granted on 1 August 2022. This well-presented shop of approximately 680 sq ft is situated in a highly prominent trading position with dual aspect windows to the front and side. An excellent and high-yielding investment opportunity.
DESCRIPTION -
A superb commercial investment opportunity comprising a ground floor retail unit in an attractive period building on Coldharbour Road in Westbury Park. The property is let producing £16,800 per annum on a new 10 year lease granted on 1 August 2022. This well-presented shop of approximately 680 sq ft is situated in a highly prominent trading position with dual aspect windows to the front and side. An excellent and high-yielding investment opportunity.
LOCATION -
The property is situated in a prominent position on the corner of Coldharbour Road and St Albans Road in the affluent suburb of Westbury Park. Easy access is provided to Durdham Downs and Waitrose supermarket.
ACCOMMODATION -
GROUND FLOOR SHOP - Approx. 680 sq ft -
Retail Area: 552 sq ft (51.3 sq m) Approx. Kitchen, Rear Store and WC: 128 sq ft (11.9 sq m) Approx.
LEASE DETAILS -
The shop is let at £16,800 per annum for a term of 10 years from 1 August 2022, subject to rent reviews/break clauses on 1 August 2025 & 2027.
TENURE -
The property is to be sold on a leasehold basis for a term of 999 years from 1st January 2003.
BUSINESS RATES/COUNCIL TAX -
The Rateable Value effective 1st April 2017 is £11,750.
ENERGY PERFORMANCE CERTIFICATE -
Rating: D.
VIEWINGS -
Strictly by Appointment with Maggs and Allen.
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.
The Ministry of Housing Communities & Local Government have confirmed the housing market remains open.
All of our departments will be open for business as usual but please be assured that stringent measures are being followed to ensure of the safety of all our clients and staff.
We will continue to offer both physical and virtual valuations and viewings for residential, auction, commercial and lettings as will at our full range of RICS surveys.
If we can be of any assistance please get in touch:
Henleaze: 0117 949 9000 Clifton: 0117 973 4940
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Complete the form below to submit a pre-auction offer. Please note that the property will only be removed from the auction once contracts have been exchanged. Offers can only be submitted once the legal pack is available.
