84, Station Road, Yate, Bristol, BS37 4PH

Asking Price £480,000 - For Sale

  • Freehold Investment Property
  • Shop plus 3 Studio Flats
  • Let to Andrews Estate Agents
  • Total Rent of: £33,360.pa



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EXISTING BUSINESS UNAFFECTED

A fantastic freehold fully let investment opportunity located on Station Road, Yate. The property comprises a ground floor shop/office (let to Andrews estate agents) with 3 studio flats above. Planning consent was previously granted for the erection of 2 x 1 bedroom flats to the rear of the property although this has since lapsed.

The ground floor office is let on a new 10 year lease at £15,000 per annum and the 3 studio flats are let on Assured Shorthold Tenancy Agreements.

The property is therefore fully let producing a total annual rent of £33,360.

DESCRIPTION -

EXISTING BUSINESS UNAFFECTED

A fantastic freehold fully let investment opportunity located on Station Road, Yate. The property comprises a ground floor shop/office (let to Andrews estate agents) with 3 studio flats above. Planning consent was previously granted for the erection of 2 x 1 bedroom flats to the rear of the property although this has since lapsed.

The ground floor office is let on a new 10 year lease at £15,000 per annum and the 3 studio flats are let on Assured Shorthold Tenancy Agreements. The property is therefore fully let producing a total annual rent of £33,360.

LOCATION -

The property is situated on Station Road, Yate.

TENURE -

Offered for sale on a freehold basis subject to the commercial lease and residential tenancies.

ACCOMMODATION -

Ground Floor - Very well presented shop/office.
First Floor - 3 x studio flats, open plan living with adjoining bathroom.

LEASE DETAILS -

GROUND FLOOR SHOP -

Let to Andrews Estate Agents on a new 10 year lease at £15,000 per annum, subject to tenant only break options and upwards only rent reviews end of years 3 and 7.

STUDIO FLATS -

The studio flats are all let on Assured Shorthold Tenancy agreements at:

Flat 1 - £525 pcm.
Flat 2 - £430 pcm.
Flat 3 - £575 pcm.
.

ENERGY PERFORMANCE CERTIFICATE (EPC) -

EPC ratings:
Shop - D (expires April 2034)
Flat 1 - E (valid until March 2028)
Flat 2 - D (valid until March 2028)
Flat 3 - E (valid until July 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 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.

Floorplan for Station Road, Yate, Bristol