95, Stokes Croft, Bristol, BS1 3RD

Asking Price £395,000 - For Sale

  • Fully Refurbished Building
  • Tenanted Ground Floor Studio
  • Tenanted and Very Well Presented Maisonette
  • Building Plot Available By Separate Negotiation



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A stunning Grade II mixed-use investment property situated in a popular and central location in Stokes Croft. The property has been extensively refurbished to create a ground floor studio, with a stunning 2 bedroom maisonette above. The ground floor is let at £12,000pa and the flat at £1,400pcm, i.e a total gross annual rent of £28,800pa.

In addition, there is a parcel of land to the rear which benefits from full planning consent for a 3 storey house, which is available by separate negotiation.

DESCRIPTION -

A stunning Grade II mixed-use investment property situated in a popular and central location in Stokes Croft. The property has been extensively refurbished to create a ground floor studio, with a stunning 2 bedroom maisonette above. The ground floor is let at £12,000pa and the flat at £1,400pcm, i.e a total gross annual rent of £28,800pa.

In addition, there is a parcel of land to the rear which benefits from full planning consent for a 3 storey house, which is available by separate negotiation.

LOCATION -

The property is situated in a highly desirable trading position in Stokes Croft, opposite The Carriage Works Development.

LAND TO REAR -

To the rear of the site is a parcel of land which benefits from full planning consent for a 1 bedroom three storey house. This is available by separate negotiation at £150,000.

TENURE -

Offered for sale on a freehold basis subject to the tenancy details below.
Please note, the maisonette is known as The Flat, 3 Armada Place.

TENANCY DETAILS -

SHOP -

The shop is let to Studio Floc Limited on a 5 year term from January 2022 subject to a tenant break in January 2025, and is subject to a passing rent of £12,000pa plus service charge. The lease is drafted on an internal repairing and insuring basis plus service charge.

MAISONETTE -

We understand the maisonette is let on a 12 month Assured Shorthold Tenancy basis at £1,400pcm and is due for renewal in the Summer of 2024.

VIEWINGS -

By appointment.

BUSINESS RATES/COUNCIL TAX -

Ground Floor: The Rateable Value with effect from April 2023 is £11,000.
Maisonette: Council Tax Band B

ENERGY PERFORMANCE CERTIFICATE (EPC) -

Rating: D (expires September 2030)

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.

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 Mixed-Use Investment Property, Stokes Croft