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.
