***LARGE MIXED USE PROPERTY OFFERING DEVELOPMENT POTENTIAL***
A large mixed use property arranged as a ground floor retail unit of approximately 1,000 ft² with a large 2 bedroom flat above (approx. 1,000 ft²) located in a prominent position on Staple Hill High Street. The property benefits from a car park to the rear and offers potential for further development , subject to obtaining the necessary consents.
The shop is offered for sale with vacant possession and the flat is let at £825pcm although we consider this to be below market level. We consider the market rent of the property to lie in the region of £24,000pa.
DESCRIPTION -
A large mixed use property arranged as a ground floor retail unit of approximately 1,000 ft² occupying a prominent corner position, with a large 2 bedroom flat above which offers potential to reconfigure to create a third bedroom. The property also benefits from a car park to the rear which offers potential for further development , subject to obtaining the necessary consents.
The shop is offered for sale with vacant possession and the flat is let at £825pcm although we consider this to be below market level. We consider the market rent of the property to lie in the region of £24,000pa.
LOCATION -
Situated in prominent and bustling corner position on the junction of Victoria Street, Soundwell Road and High Street.
TENANCY DETAILS -
The shop is to be sold with vacant possession although we would anticipate a potential rent in the region of £12,000-£13,500pa (depending on the parking provided). The flat is let on an Assured Shorthold Tenancy at £825pcm.
BUSINESS RATES -
The rateable value for the ground floor shop with effect from April 2017 is £9,400. We therefore would expect those eligible for small business relief to benefit from 100% exemption at this time. However, we advise all interested parties to confirm directly with the local authority.
FLOOR PLAN -
The floor plan and aerial plan is provided for indicative purposes only and should not be relied on.
CAR PARK -
There is an enclosed car park to the rear. We understand the property also has rights of access over the area marked brown on the title plan.
VIEWINGS -
By appointment with Maggs & Allen.
VAT -
All figures quoted are exclusive of VAT unless otherwise stated.
ENERGY PERFORMANCE CERTIFICATE -
Ratings:
Ground Floor Shop: C
First Floor Flat: D
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.
