RARE OPPORTUNITY TO SECURE A PROPERTY ON POPULAR NORTH STREET
BENEFITS FROM GROUND FLOOR SHOP PLUS 4 BED MAISONETTE ABOVE
PRIME LOCATION IN SOUTHVILLE, BRISTOL
CURRENT RENT ONLY £21,600 PAX
The property offers a unique and excellent opportunity to secure a property in one of the best pitches on North Street.
The ground floor comprises the sales area to the front with window seating and a bright customer servery area given the south facing shop window. To the rear of the ground floor are further smaller rooms which can be utilised as further customer seating area, stockroom or preparation rooms etc. There is a small outside courtyard with external WC.
The first and second floor comprises a four-bed maisonette with living room, bathroom and a kitchen. The maisonette is accessed internally and currently presents in good order.
The property offers an excellent opportunity to acquire the lease along with the existing equipment and fixtures and fittings currently in situ within the property.
There is quoting premium of £15,000.
The property is offered to the market by way of an assignment of the existing occupational lease which is drawn for a term of 19 months beginning on 5th April 2019 at a rent of £21,600 pax. We understand that the landlord would consider granting a new lease at a quoting rent of £24,000 pax on standard effectively full repairing and insuring terms to be negotiated.
We understand that the property has the following floor areas in line with the Valuation Office Agency: -
Ground floor 690 sq ft (64.10 sq m)
First and second floor Four bed maisonette
We understand that the property benefits from planning use consent as A1 (General Retail) with residential above but interested parties are advised to make their own enquires.
As per the Valuation Office Agency, we understand the property has the following ratings assessment: -
Description: Shop and premises
Rateable Value: £7,300