A substantial mixed-use investment property arranged as a ground floor shop and restaurant, 4 flats above, with 3 further mews houses to the rear.
The property is fully let producing a gross annual rent of £120,000pa.
The property is situated in a bustling position in Stokes Croft and would make an ideal mixed-use investment property.
DESCRIPTION -
A substantial mixed-use investment arranged as a ground floor shop, restaurant, 4 flats above, and 3 mews houses to the rear.
The property is fully let producing a gross annual rent of £120,000pa.
LOCATION -
Situated in a popular location on Stokes Croft within close proximity of the Caribbean Croft, the Canteen and No. 51 Stokes Croft.
SCHEDULE OF ACCOMODATION -
COMMERCIAL UNITS: Arranged as a retail unit and takeaway (approx. 1,816 ft²/ 168.7 m²)
MEWS HOUSE 1: 2 bedroom house (65m²)
MEWS HOUSE 2: 2 bedroom house (67m²)
MEWS HOUSE 3: 1 bedroom house (50m²)
FLAT 1: 1 bedroom flat (42m²)
FLAT 2: 1 bedroom flat (48m)
FLAT 3: 1 bedroom flat (43m²)
FLAT 4: 1 bedroom flat (48m²)
FLOOR PLAN -
The floor plan and areas provided are for indicative purposes only and should not be relied on. We understand the internal configuration of the commercial parts has since been amended.
VAT -
We understand the property is elected for VAT and would therefore anticipate a sale by way of a Transfer of a Going Concern (TOGC).
VIEWING -
Strictly by Appointment with Maggs and Allen
ENERGY PERFORMANCE CERTIFICATE -
Ground Floor (Commercial): D
Mews House 1: C
Mews House 2: C
Mews House 3: C
Flat 1: D
Flat 2: D
Flat 3: D
Flat 4: C
TENANCY DETAILS -
COMMERCIAL -
The two commercial units are let on a 12 year effectively full repairing and insuring term from the 1st September 2020 at a passing rent of £33,000pa.
RESIDENTIAL -
We understand the flats and houses are all let on Assured Shorthold Tenancy agreements on the following rents:
Mews House 1: £1,200pcm
Mews House 2: £1,300pcm
Mews House 3: £950pcm
Flat 1: £950pcm
Flat 2: £950pcm
Flat 3: £950pcm
Flat 4: £950pcm
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.
