Commercial property for sale in The Triangle, Clevedon BS21

A two storey commercial investment property, let to W H Smith on a 5 year term from June 2023 on a fully repairing and insuring basis, at £20,000pa. The property also offers long term redevelopment potential.

The shop is situated in the heart of Clevedon in a busy parade. Early enquiries are recommended.

Description

A two storey commercial investment property, let to W H Smith on a 5 year term from June 2023 on a fully repairing and insuring basis, at £20,000pa. The property also offers long term redevelopment potential.

The shop is situated in the heart of Clevedon in a busy parade. Early enquiries are recommended.

Location

Situated in a busy trading position in Clevedon on the junction with Station Road. Neighbouring occupiers include Cancer Research and Greggs.

Floor Areas

Given the irregular orientation, the measurements and floor plan should be treated as indicative only.

Retail Area: Approx. 750 ft2 with additional ancillary storage.
First Floor: Approx. 1,148 ft2 (Gross Internal Area)

Tenure

Offered for sale on a freehold basis, subject to the commercial lease as noted below.

Lease Details

The property is let to W H Smith Retail Holdings Limited for a term of 5 years from the 19th June 2023 (subject to a tenant break option on the 19th June 2026), at a passing rent of £20,000pa on a fully repairing and insuring basis.

Business Rates

The Rateable Value with effect from April 2023 is £16,000.

Energy Performance Certificate (Epc)

Rating: C (expires April 2034)

Vat

All figures quoted are exclusive of VAT unless otherwise stated.

Viewings

By appointment.

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.