31-33, High Street, Thornbury, Bristol, BS35 2AR

Asking Price £600,000 - Sold Subject to Contract

  • Full Let Commercial investment
  • Partially let to Costa Coffee
  • Total Annual Rent of £45,500pa
  • Thornbury High Street



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A fully let two storey commercial premises situated on the High Street in Thornbury,. The property is predominantly let to Costa Coffee at a passing rent of £40,000pa. We understand Costa Coffee recently commissioned a refurbishment of the unit, and also benefit from an external terrace. In addition, there is a well presented first floor self contained office which is let at £5,500pa.

The property is therefore fully let producing a gross annual rent of £45,500pa.

DESCRIPTION -

A fully let two storey commercial premises situated on the High Street in Thornbury,. The property is predominantly let to Costa Coffee at a passing rent of £40,000pa. We understand Costa Coffee recently commissioned a refurbishment of the unit, and also benefit from an external terrace. In addition, there is a well presented first floor self contained office which is let at £5,500pa.

The property is therefore fully let producing a gross annual rent of £45,500pa.

LOCATION -

The property is situated in the centre of Thornbury High Street in a prominent position next to the Town Hall.

TENURE -

Offered for sale on a freehold basis, subject to the following occupational leases:

CAFE -

The cafe is let to Costa Limited on a 10 year term from the 20th October 2016 (subject to a break option in October 2022), at a passing rent of £40,000pa on an effectively fully repairing and insuring basis. A rent review was due on the 20th October 2021 which has not been actioned. In the Company Accounts filed in December 2022, Costa Limited reported a profit after tax of £243m.

FIRST FLOOR OFFICE -

The office (also known as 1 Silver Street) is let at £5,500pa on a 5 year term from 26th February 2020 on an effectively fully repairing and insuring basis.

BUSINESS RATES -

The Rateable Value of the ground floor cafe, with effect from April 2023 is £24,000.

ENERGY PERFORMANCE CERTIFICATE (EPC) -

Rating:
Ground Floor: E - Valid to August 2025.
First Floor: E - valid to May 2029.

FLOOR PLAN -

The floor plan is provided for indicative purposes only and should not be relied upon.

VAT -

All figures quoted are exclusive of VAT unless otherwise stated.

VIEWINGS -

By appointment.

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.

Floorplan for Commercial Investment, Thornbury High Street