A very 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 to be sold as a sale and lease back, subject to a new fully repairing and insuring lease at £25,000pa. The maisonette has been let to students from June 2024 at £825pcm per room, exclusive of bills.
The property is therefore offered for sale on the basis it will be let producing a gross annual rent of £64,600pa from June 2024.
DESCRIPTION -
A very 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 to be sold as a sale and lease back, subject to a new fully repairing and insuring lease at £25,000pa. The maisonette has been let to students from June 2024 at £825pcm per room, exclusive of bills. The property is therefore offered for sale on the basis it will be let producing a gross annual rent of £64,600pa from June 2024.
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 -
A new lease will be granted to the vendor at exchange of contracts for a new long lease at a commencing rent of £25,000pa. We understand the vendor may look to sell the restaurant business separately.
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.
