Commercial property for sale in Byron Place, Clifton, Bristol BS8

A very well presented mixed use investment property arranged as a a ground and basement takeaway/restaurant with a spacious 4 bedroom maisonette above situated in a highly desirable location on the Triangle, Clifton. The restaurant is to be sold as a sale and lease back, subject to a new fully repairing and insuring lease at £25,000pa. The maisonette has been let to students from June 2024 at £825pcm per room, exclusive of bills.

The property is therefore offered for sale on the basis it will be let producing a gross annual rent of £64,600pa from June 2024.

Description

A very well presented mixed use investment property arranged as a a ground and basement takeaway/restaurant with a spacious 4 bedroom maisonette above situated in a highly desirable location on the Triangle, Clifton. The restaurant is to be sold as a sale and lease back, subject to a new fully repairing and insuring lease at £25,000pa. The maisonette has been let to students from June 2024 at £825pcm per room, exclusive of bills. The property is therefore offered for sale on the basis it will be let producing a gross annual rent of £64,600pa from June 2024.

Location

Situated in a bustling trading position on The Triangle, Clifton. Neighbouring occupiers include The Coconut Tree, La Rocca and Takka Takka.

Business Rates

The rateable value with effect from April 2023 is £11.250. 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)

Rating:
Shop: B
Maisonette: C

Floor Plan

The floor plan is provided for indicative purposes only and should not be relied upon.

Lease Details

A new lease will be granted to the vendor at exchange of contracts for a new long lease at a commencing rent of £25,000pa. We understand the vendor may look to sell the restaurant business separately.
The maisonette has been let to students from June 2024 at a rent of £825pcm per room exclusive of bills.

Viewings

By appointment.

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.