Ground floor commercial investment of approximately 244 sq ft let at a passing rent of £6,500pa on a new 5 year lease from January 2024. Located on West Street, Old Market providing easy access to the M32 motorway and within close proximity to the Bristol City Centre, Cabot Circus and Temple Meads Train Station. Old Market is home to a variety of independent businesses and with various redevelopment projects underway is becoming an increasingly popular location. The property would make an ideal SIPP/SSAS investment.
DESCRIPTION -
Ground floor commercial investment of approximately 244 sq ft let at a passing rent of £6,500pa on a new 5 year lease from January 2024. The property comprises an open plan shop space with rear toilet facilities.
The property would make an ideal SIPP/SSAS investment.
LOCATION -
Situated on West Street, Old Market providing easy access to the M32 motorway and within close proximity to the Bristol City Centre, Cabot Circus and Temple Meads Train Station. Old Market is home to a variety of independent businesses and with various redevelopment projects underway is becoming an increasingly popular location.
TENURE -
To be sold on a long leasehold, the lease term is 125 years from 24/06/2002. subject to the occupational commercial lease.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied on.
BUSINESS RATES -
The rateable value with effect from April 2023 is £7,300. 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: D (expires December 2033)
VAT -
All figures quoted are exclusive of VAT unless otherwise stated.
VIEWINGS -
By appointment with Maggs & 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.
