A mixed-use investment property comprising a ground floor shop of approx. 900 ft² with a spacious 2 bedroom flat above. The shop is let on a 5 year term at £12,000pa. The first floor flat is currently vacant and would benefit from some updating, following which we would anticipate a rent of approx. £1,350pcm, i.e.a total gross annual rent for the building of approximately £28,200pa.
The property is situated on the junction of Wellington Hill West and Southmead Road, in Westbury On Trym.
DESCRIPTION -
A mixed-use investment property comprising a ground floor shop of approx. 900 ft², let on a 5 year lease at £12,000pa. The first floor is arranged as a self contained and spacious (approx. 720 ft²) 2 bedroom flat. The flat is currently vacant and would benefit from some updating. In addition, there is off street parking located to the rear of the property.
The shop has been recently refurbished by the current tenant and benefits from air conditioning. The flat is arranged as two bedrooms, a dinning hall, a lounge, separate spacious kitchen, and bathroom. It has night storage heating and would benefit from some modernisation.
LOCATION -
The property is located in a prominent position on the junction of Wellington Hill West and Southmead Road, in Westbury On Trym, North Bristol.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating:
Flat: E - valid to July 2029.
Shop: C - valid to April 2034.
VAT -
All figures quoted are exclusive of VAT unless otherwise stated.
BUSINESS RATES/COUNCIL TAX BAND -
Flat: Band A
Shop: The Rateable Value with effect from 2026 is: £11,000.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
VIEWINGS -
By appointment.
TENURE -
Understood to be freehold but to be confirmed.
LEASE DETAILS -
Shop: The shop is let on a 5 year effectively fully repairing and insuring term from April 2025, at a passing rent of £12,000pa, and subject to a 3 year tenant only break and upward only market rent review, and a £6,000 lease deposit.
Flat: The flat is currently vacant. Subject to some modernisation, we would anticipate a rent of approximately £1,350pcm.
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.
