A tenanted ground floor shop of approximately 300 ft² with additional basement storage, located in a prominent position in Bedminster.
The shop is let at £8,930.25 pa on a 15 year effectively fully repairing and insuring term with fixed 5% annual rental increases, and is therefore offered for sale as an investment with the tenant in occupation.
DESCRIPTION -
A ground floor shop of approximately 300 ft² with additional basement storage located in a prominent position in Bedminster. The shop is let at £8,930.25 pa on a 15 year effectively fully repairing and insuring term, and is offered for sale as a tenanted investment property.
LOCATION -
The shop is located on the junction of West Street and Sheene Road, within close proximity of McDonalds.
TENURE -
Offered for sale on the residue of a 999 year lease.
TENANCY DETAILS -
The shop is let on a 15 year effectively fully repairing and insuring term from June 2023 at a current rent of £8,930.25 pa and is subject to fixed 5% annual increases. There is a lease deposit of £4,050 and the tenants benefit from Security of Tenure under The Landlord & Tenant Act 1954.
BUSINESS RATES -
The Rateable Value with effect from April 2023 is £3,250. 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: D - valid to March 2028.
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.
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.
