This well presented commercial investment comprises a ground floor retail unit with basement, offers a total space of approximately 1,346 sq ft. The property is occupied as a beauty salon and there is approximately 3 years remaining on the lease. The ground floor features a front retail area, several adjoining treatment rooms, kitchenette and toilet facilities.
The basement is thoughtfully arranged with a combination of office space, storage areas, and additional toilet facilities.
Currently, the unit is let at a passing rent of £16,800pa. The lease is full repairing and insuring which makes the property attractive to investors.
DESCRIPTION -
This well presented commercial investment comprises a ground floor retail unit with basement, measuring approximately 1,346 sq ft. The property is currently occupied as a beauty salon and there is approximately 3 years left on the lease. The ground floor features a front retail area, several adjoining treatment rooms, kitchenette and toilet facilities.
The basement is thoughtfully arranged with a combination of office space, storage areas, and additional toilet facilities.
Currently, the unit is let at a passing rent of £16,800pa. The lease is full repairing and insuring which makes the property attractive to investors.
LOCATION -
The property is ideally situated within a mixed parade of shops on The Triangle in Portishead. The surrounding area is a mix of residential and commercial properties, ensuring a steady flow of potential customers throughout the day, and the property enjoys excellent visibility from the main thoroughfares. In addition to its retail appeal, The Triangle is conveniently located near key amenities and transport links.
TENURE -
To be sold on the remainder of a long lease with approximately 83 years remaining. The property is currently let at £16,800pa.
BUSINESS RATES -
The rateable value with effect from April 2023 is £6,300. 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) -
EPC rating: C (valid until November 2027)
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.
