Commercial property for sale in Fishponds Road, Fishponds, Bristol BS16

A substantial 3 storey mixed use property of approximately 4,213 sq ft arranged as 2 shops with rear storage, offices above, and car park to the rear. The property is located in a highly prominent position in Fishponds Road and is fully let producing £62,500pa.

The site also offers potential for residential redevelopment and planning was previously granted for the conversion of the ground floor storage and offices into 6 x two bedroom flats, although has since lapsed. There is also scope to create further dwellings by utilizing the loft space, subject to obtaining the necessary consents.

Offered for sale on a freehold basis subject to the occupational leases.

Description

A substantial 3 storey mixed use property of approximately 4,213 sq ft. The property comprises 2 ground floor retail units and storage with 2 floors of office space above. The upper floors and ground floor storage offer great redevelopment potential for a scheme of flats or HMO, subject to consent. Planning was previously granted for the conversion of the ground floor storage and offices into 6 flats, although has since lapsed. There is also scope to create further dwellings by utilizing the loft space. The property is currently fully let producing £62,500pa with the office tenant vacating in April 2025.

Location

The property is situated in a highly prominent position on Fishponds Road. A wide range of local amenities are available on the doorstep including Natwest Bank, Coffee #1 and both Aldi and Lidl Supermarkets. Excellent transport links are also provided to the city centre.

Tenure

Understood to be freehold.

Accommodation/Rental Details

764 Fishponds Road

Approximately 695 sq ft
Lease Term– 10 years
Expiring – 30th March 2026
Rent - £ 16,000 per annum

766 Fishponds Road

Approximately 511 sq ft
Lease Term– 5 years
Expiring – 11th December 2019. The current tenant is holding over and the vendor is in discussions to extend the lease
Rent - £ 9,000.00 per annum

Offices, 764 - 766 Fishponds Road

Approximately 3,007 sq ft
Lease Term– 5 years
Expiring – 24th April 2025
Rent - £ 37,500.00 per annum

Business Rates

The rateable values for the separate demises of the property are as follows:
764 Fishponds Road - £13,500
766 Fishponds Road - £10,750
ff & sf, 764 - 766 Fishponds Road - £20,750

Energy Performance Certificate (Epc)

EPC ratings:
Gf, 764 Fishponds Road - C (expires March 2030)
gf, 766 Fishponds Road - C (expires May 2034)
ff & sf, 764 - 766 Fishponds Road - D (expires February 2025)

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.