*COMMERCIAL INVESTMENT PROPERTY*
A tenanted ground floor takeaway of approx 960 ft² trading as Miss Millies. The shop is let on a 10 year term at a passing rent of £16,640pa. In addition, the freehold includes the ground rent of the flats above, increasing the total rent to £17,390pa. The property is situated in a busy trading position in Bedminster.
DESCRIPTION -
A tenanted ground floor takeaway of approx. 960 ft² trading as Miss Millies. The shop is let on a 10 year term at a passing rent of £16,640pa. In addition, the freehold includes the ground rent of the 3 flats above, increasing the total rent to £17,390pa.
LOCATION -
The shop is situated in a prominent corner position on East Street, Bedminster. Bedminster is a popular suburb located south of Bristol City Centre.
LEASE DETAILS -
The property is let, trading as Miss Millie's, on a 10 year term from September 2023, subject to a tenant break option in September 2028, on an effectively fully repairing and insuring basis.
TENURE -
The freehold is offered for sale, although the 3 flats above have been sold off on long leases, but are subject to a total ground rent of £250pa per flat (and £250pa for 1,000pa. Section 5 Notices will therefore need to be served on the leaseholders before the freehold is sold, or alternatively a sale of a new 999 year lease of the commercial part could be discussed if preferred.
BUSINESS RATES -
The rateable value with effect from April 2023 is £11,000.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: C
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 -
Viewings are strictly 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.
