Commercial property for sale in Badminton Road, Downend, Bristol BS16

Existing business unaffected

A fantastic freehold investment opportunity located in a highly prominent position within a mixed parade of shops on Badminton Road, Downend. The property comprises of a ground floor shop/office (let to Andrews estate agents) with a very well-presented 1 bedroom flat above and 2 bedroom maisonette to the rear. The ground floor office is let on a new 10 year lease at £18,000 per annum and the flat above is let on an AST at £900 pcm, the rear maisonette is let on an AST at £1,025 pcm.

The property is therefore producing a total annual rent of £41,100.

Description

Existing business unaffected

A fantastic freehold investment opportunity comprising a ground floor shop/office (let to Andrews estate agents) with a very well-presented 1 bedroom flat above and 2 bedroom maisonette to the rear. The ground floor office is let on a new 10 year lease at £18,000 per annum and the flat above is let on an AST at £900 pcm, the rear maisonette is let on an AST at £1,025 pcm.

The property is therefore producing a total annual rent of £41,100.

Location

The property is situated in a highly prominent position within a mixed parade of shops on Badminton Road, Downend.

Tenure

Offered for sale freehold subject to the commercial lease and residential tenancies.

Accommodation

Ground Floor - Very well presented shop/office.
First Floor - Well proportioned 1 bedroom flat finished to a high standard throughout.
Rear Maisonette - Spacious living room with 2 double bedrooms, kitchen and bathroom.

Tenancy Details

Ground Floor Shop

Let to Andrews Estate Agents on a new 10 year lease at £18,000 per annum, subject to tenant only break options and upwards only rent reviews end of years 3 and 7.

First Floor Flat

Let on an Assured Shorthold Tenancy agreement at £900 pcm.

Rear Maisonette

Let on an Assured Shorthold Tenancy agreement at £1,025 pcm.

Energy Performance Certificate (Epc)

EPC ratings:
Shop - E (expires April 2034)
Flat 1 - C (expires June 2032)
Flat 2 - C (expires June 2032)

Floor Plan

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

Vat

All figures quoted are exclusive of VAT unless otherwise stated.

Viewings

By appointment with Maggs & Allen.

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.