A substantial mixed-use commercial investment arranged as two ground floor shop units with a spacious and well-presented 2 bedroom flat above. Situated in a prominent rank of shops in Bedminster, the commercial elements benefit from excellent levels of footfall whilst the flat above is ideally located for easy access to the city centre. The property is fully let producing �21,240 per annum (due to increase to �22,740 pa from May 2018) making this an excellent, high-yielding investment opportunity.
Description - Two ground floor retail units with an additional, self contained and well presented 2 bedroom first floor flat. The property is fully let at �22,740pa (although discounted until May 2018).
Location - Situated in a prominent position on East Street, Bedminster within a mixed parade of shops and cafes, close to the Asda Bedminster Superstore
Tenure - Offered for sale freehold subject to the occupational leases.
Lease Information - 21 East Street - Let at �7,800per annum from November 2017 for a term of 5 years on effectively Internal Repairing and Insuring terms subject to annual rent reviews and break clauses.
23 East Street - Let at �6,600 per annum from November 2017 for a term of 5 years on effectively Internal Repairing and Insuring terms subject to a discounted rent of �5,100 per annum until May 2018.
First Floor Flat - Let at �795pcm on an Assured Shorthold Tenancy basis.
Energy Performance Certificate - 21 Rating: E
21a Rating: G
23 Rating: D
Vat - We are informed that the property is not elected to incur VAT.
Floor Plan - The floor plan is provided for indicative purposes only and should not be relied upon.
Business Rates - The rateable value for 21 East Street with effect from April 2017 is �3,100
The rateable value for 23 East Street with effect from April 2017 is �2,500.
Viewing - Strictly by appointment with Maggs & Allen
Control Of Asbestos - 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.
Listed Features
- Cafè
- Heating