A well presented mixed use investment property arranged as a a ground and basement takeaway/restaurant, with a spacious 4 bedroom maisonette above, situated in a highly desirable location on the Triangle, Clifton.
The restaurant is let at £25,000pa on a new 25 year effectively fully repairing and insuring term and the maisonette islet to students £825pcm per room, exclusive of bills.
The property is therefore fully let producing a gross annual rent of £64,600pa.
DESCRIPTION -
A well presented mixed use investment property arranged as a a ground and basement takeaway/restaurant, with a spacious 4 bedroom maisonette above, situated in a highly desirable location on the Triangle, Clifton.
The restaurant is let at £25,000pa on a new 25 year effectively fully repairing and insuring term and the maisonette islet to students £825pcm per room, exclusive of bills.
The property is therefore fully let producing a gross annual rent of £64,600pa.
LOCATION -
Situated in a bustling trading position on The Triangle, Clifton. Neighbouring occupiers include The Coconut Tree, La Rocca and Takka Takka.
BUSINESS RATES -
The rateable value with effect from April 2023 is £11.250. 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:
Shop: B
Maisonette: C
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
LEASE DETAILS -
RESTAURANT/TAKEAWAY -
Let on a new 25 year effectively fully repairing and insuring term from the 31st May 2024, subject to 5 yearly upwards only rent reviews and tenant break options. There is also a 3 month rent deposit.
MAISONETTE -
We understand the maisonette has been let to students from June 2024 at a rent of £825pcm per room exclusive of bills.
VIEWINGS -
By appointment.
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.
