Opportunity to purchase a commercial investment situated in a very prominent position on Nags Head Hill, St George. The shop is let to a convenience store on a 15 year lease from October 2013 at a current passing rent of �6,240pa subject to 3 yearly rent reviews although we would suggest a market rent should be in the region of �8,500pa.
Description - A ground floor commercial investment let on a 15 year lease from October 2013 at �6,240pa. There may also be long term development potential to convert to residential subject to gaining the necessary consents.
Location - Situated in a very prominent position on Nags Head Hill, St George within a mixed parade of independent retailers and residential properties. The shop is conveniently located providing easy access to the Bristol City Centre.
Tenure - Offered for sale on a freehold basis subject to the long leasehold of the flat above not included in the sale.
Planning - The shop is currently trading as a convenience store.
Lease Details - Let at �6,240pa on an effectively Internal Repairing and Insuring 15 year lease from October 2013 subject to 3 yearly rent reviews. We feel this is underlet and that the rent could be increased at the next rent review.
Business Rates - The rateable value as per the VOA website is �6,800.
Floor Plan - The floor plan is provided for indicative purposes and should not be relied upon.
Energy Performance Certificate - Rating: D
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.
Viewings - Strictly by appointment with Maggs & Allen.
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.