Commercial investment comprising a ground floor retail unit of approximately 380 sq ft located within a mixed parade of shops on Gloucester Road North.. The shop will be sold let to a barbers on the basis of a new 10 year lease at a passing rent of £10,800pa. The property is arranged as an open plan shop space with adjoining toilet facilities. To be sold on a new 999 year long leasehold basis subject to the occupational commercial lease.
Commercial investment comprising a ground floor retail unit of approximately 380 sq ft arranged as open plan shop space with adjoining toilet facilities. The shop will be sold let on a new 10 year lease to a barbers with a passing rent of £10,800pa.
Situated in a mixed parade of shops on Gloucester Road North within close proximity to Filton Avenue and Gloucester Road. Nearby notable occupiers include Domino's Pizza, The Salvation Army and Greggs.
To be sold on a new 999 year long leasehold basis.
LEASE DETAILS -
The shop is to be sold let on the following basis:
10 year lease
Tenant only break options, end of years 3 & 6
Upwards only to open market rent reviews, end of years 3 & 6
3 months deposit
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied on.
BUSINESS RATES -
The rateable value for the whole ground floor which needs to be separated and re rated with effect from April 2023 is £7,400. 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.
ENERGY PERFORMANCE CERTIFICATE -
EPC rating: C (expires December 2032)
By appointment with Maggs & Allen.
All figures quoted are 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.