A mixed use investment opportunity, currently partially let, with the potential to generate a gross rental income of £45,396 per annum when fully occupied.
The property occupies a prominent position on the border of Cotham and Stokes Croft, benefiting from excellent access to the amenities and attractions of both areas.
DESCRIPTION -
A mixed use investment opportunity, currently partially let, with the potential to generate a gross rental income of £45,709 per annum once fully occupied. The property comprises a ground floor retail unit, currently occupied by a barbers, together with three self contained one bedroom flats arranged over the upper floors. the shop and 2 of the 3 flats are already let, and the third flat is currently being redecorated ready for letting. The property offers an attractive combination of existing income and future rental growth potential through the letting of the vacant accommodation and uplift of any future lettings.
LOCATION -
The property occupies a prominent position on the border of Cotham and Stokes Croft, benefiting from excellent access to the amenities and attractions of both areas. It is conveniently situated close to the junction with Ashley Road, providing good connectivity to the surrounding road network and Bristol city centre. The location offers a vibrant mix of independent retailers, cafés, restaurants, and local services, together with excellent public transport links, making it an attractive and well connected setting.
TENURE -
Understood to be freehold.
LETTING DETAILS -
Ground floor shop - let at £10,609pa from 1st September 2026, with approximately 8.5 years remaining. Annual rent increase of 3%.
Flat 1 - Currently vacant. Potential rent of £1,150pcm
Flat 2 - let at £850pcm
Flat 3 - let at £925pcm
Potential total gross rent once fully occupied - £45,709pa
BUSINESS RATES -
The rateable value of the shop with effect from 2026 is £7,300. 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 ratings:
Shop - C
Flat 1 - E
Flat 2 - C
Flat 3 - 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.
