***FREEHOLD COMMERCIAL INVESTMENT WITH DEVELOPMENT POTENTIAL***
A rare opportunity to purchase a substantial freehold investment property, situated in a fantastic and prominent position on the High Street in Thornbury. The property is currently arranged as a ground floor retail premises which is let to PDSA at a passing rent of �19,575 per annum on a Full Repairing and Insuring basis. The vacant first and second floors provide spacious office accommodation with potential for conversion into 3 - 4 apartments, subject to obtaining the necessary consents. The property also includes a car park to the rear which may offer future development prospects, subject to obtaining the necessary planning consents. A wide range of amenities are available locally and excellent transport links are provided to Bristol via the A38.
Description - A three storey double fronted investment property with additional basement situated a superb trading position in the centre of Thornbury High Street. The ground floor shop, basement and rear car park are currently let to PDSA on a Full Repairing and Insuring lease at a passing rent of �19,575 per annum. The first and second floor office space is currently vacant and offers potential for conversion into three self-contained apartments with possible scope for a further flat in the roof space, subject to the necessary consents. The car park to the rear is accessed via Quaker Lane and may offer future development potential, subject to obtaining the necessary planning consents.
Location - The property is situated in a fantastic location on the High Street in the market town of Thornbury in South Gloucestershire. Other notable occupiers in the vicinity include Coffee No.1, Co-op, Lloyds Bank and Domino's. Thornbury is located approximately 12 miles north of Bristol and is easily accessible via the A38.
Accommodation - Please refer to floorplan for approximate dimensions and internal layout.
Ground Floor - Approx. 1,692 Sq Ft (157.2 Sq M) Gia - Comprising a main sales area with double fronted shop windows, a rear shop/ancillary storage areas, an office, kitchen and outside toilet facilities.
Basement Level - Approx. 437 Sq Ft (40.6 Sq M) - Providing further storage.
First Floor - Approx. 1,383 Sq Ft (128.5 Sq M) Gia - Accessed from a private entrance on the ground floor and comprising five offices, two kitchens and toilet facilities.
Second Floor - Approx. 857 Sq Ft (79.6 Sq M) Gia - Comprising four further offices and a WC.
Lease Details - The ground floor shop is currently let to PDSA on an original Full Reapiring and Insuring lease dated 18th July 2001 for a term of 12 years. We understand that the tenants are currently holding over with the current rent standing at �19,575 per annum. The first and second floor offices will be sold with vacamt possession.
Tenure - The property is to be sold on a freehold basis, subject to the occupational lease to PDSA.
Business Rates - Ground Floor Shop - The Rateable Value effective 1st April 2017 is �18,500.
First & Second Floor Offices - The Rateable Value effective 1st April 2017 is �15,500.
Notes - Whilst the whole property is offered for sale on a freehold basis, offers for the ground floor shop and second floor offices individually will also be considered with the following asking prices:
Ground Floor Shop & Basement: �300,000
First & Second Floor Offices: �270,000
Energy Performance Certificates (Epcs) - Ground Floor Shop - Energy Rating: C
First & Second Floor Offices - Energy Rating: E
Vat - All figures quoted are exclusive of VAT unless otherwise stated.
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.
Maggs & Allen use all reasonable endeavors to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.