A substantial commercial investment fully let generating a rental income of £50,000 per annum, with two established tenants in occupation: Sue Ryder and Barcan and Kirby.
Occupying a prominent position on Regent Street, the property benefits from a highly visible location within the established commercial centre of Kingswood.
DESCRIPTION -
A substantial commercial investment opportunity comprising a large ground floor retail unit with office accommodation arranged across the ground, first and second floors, measuring approximately 8,330 sq ft. To the rear of the property is a yard providing valuable parking and storage facilities.
The property is fully let, generating a rental income of £50,000 per annum, with two established tenants in occupation: Sue Ryder and Barcan and Kirby.
In addition to being an strong investment opportunity, the property offers excellent long term potential, with scope for the residential conversion of the upper floors. Subject to obtaining vacant possession and the necessary planning consents.
LOCATION -
Occupying a prominent position on Regent Street, the property benefits from a highly visible location within the established commercial centre of Kingswood.
OUTSIDE -
Rear yard for parking and storage.
TENURE -
Understood to be freehold.
LETTING DETAILS -
113 - 117 Regent Street (Sue Ryder) - £22,000pa, 10 year lease from 01/10/2020. Full repairing and insuring lease.
111-117 Regent Street (Barcan and Kirby) - £28,0000pa, 10 year lease from 25/10/2020, rent review due 25/12/2026. Internal repairing and insuring lease.
The property is fully let and currently generates a total rental income of £50,000 per annum.
BUSINESS RATES -
The rateable value with effect from 2026 for each demise is as follows:
Sue Ryder - £26,750
Barcan and Kirby - £13,250
ENERGY PERFORMANCE CERTIFICATE (EPC) -
EPC ratings:
Sue Ryder - C
Barcan and Kirby - D
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.
