Commercial property for sale in Station Road, Yate, Bristol BS37

Existing business unaffected

A fantastic freehold fully let investment opportunity located on Station Road, Yate. The property comprises a ground floor shop/office (let to Andrews estate agents) with 3 studio flats above. Planning consent was previously granted for the erection of 2 x 1 bedroom flats to the rear of the property although this has since lapsed.

The ground floor office is let on a new 10 year lease at £15,000 per annum and the 3 studio flats are let on Assured Shorthold Tenancy Agreements.

The property is therefore fully let producing a total annual rent of £33,360.

Description

Existing business unaffected

A fantastic freehold fully let investment opportunity located on Station Road, Yate. The property comprises a ground floor shop/office (let to Andrews estate agents) with 3 studio flats above. Planning consent was previously granted for the erection of 2 x 1 bedroom flats to the rear of the property although this has since lapsed.

The ground floor office is let on a new 10 year lease at £15,000 per annum and the 3 studio flats are let on Assured Shorthold Tenancy Agreements. The property is therefore fully let producing a total annual rent of £33,360.

Location

The property is situated on Station Road, Yate.

Tenure

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

Accommodation

Ground Floor - Very well presented shop/office.
First Floor - 3 x studio flats, open plan living with adjoining bathroom.

Lease Details

Ground Floor Shop

Let to Andrews Estate Agents on a new 10 year lease at £15,000 per annum, subject to tenant only break options and upwards only rent reviews end of years 3 and 7.

Studio Flats

The studio flats are all let on Assured Shorthold Tenancy agreements at:

Flat 1 - £525 pcm.
Flat 2 - £430 pcm.
Flat 3 - £575 pcm.

Energy Performance Certificate (Epc)

EPC ratings:
Shop - D (expires April 2034)
Flat 1 - E (valid until March 2028)
Flat 2 - D (valid until March 2028)
Flat 3 - E (valid until July 2029)

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.