EXISTING BUSINESS UNAFFECTED
A fantastic freehold investment opportunity located in a highly prominent position within a mixed parade of shops on Badminton Road, Downend. The property comprises of a ground floor shop/office (let to Andrews estate agents) with a very well-presented 1 bedroom flat above and 2 bedroom maisonette to the rear. The ground floor office is let on a new 10 year lease at £18,000 per annum and the flat above is let on an AST at £900 pcm, the rear maisonette is let on an AST at £1,025 pcm.
The property is therefore producing a total annual rent of £41,100.
DESCRIPTION -
EXISTING BUSINESS UNAFFECTED
A fantastic freehold investment opportunity comprising a ground floor shop/office (let to Andrews estate agents) with a very well-presented 1 bedroom flat above and 2 bedroom maisonette to the rear. The ground floor office is let on a new 10 year lease at £18,000 per annum and the flat above is let on an AST at £900 pcm, the rear maisonette is let on an AST at £1,025 pcm.
The property is therefore producing a total annual rent of £41,100.
LOCATION -
The property is situated in a highly prominent position within a mixed parade of shops on Badminton Road, Downend.
TENURE -
Offered for sale freehold subject to the commercial lease and residential tenancies.
ACCOMMODATION -
Ground Floor - Very well presented shop/office.
First Floor - Well proportioned 1 bedroom flat finished to a high standard throughout.
Rear Maisonette - Spacious living room with 2 double bedrooms, kitchen and bathroom.
TENANCY DETAILS -
GROUND FLOOR SHOP -
Let to Andrews Estate Agents on a new 10 year lease at £18,000 per annum, subject to tenant only break options and upwards only rent reviews end of years 3 and 7.
FIRST FLOOR FLAT -
Let on an Assured Shorthold Tenancy agreement at £900 pcm.
REAR MAISONETTE -
Let on an Assured Shorthold Tenancy agreement at £1,025 pcm.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
EPC ratings:
Shop - E (expires April 2034)
Flat 1 - C (expires June 2032)
Flat 2 - C (expires June 2032)
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.
