Restaurant/cafe for sale in Wells Road, Bristol BS4

Investment Consideration:
Gross Initial Yield: 6.74%
Rental Income: £21,220 p.a.
VAT is not applicable to this property
Comprises ground floor takeaway and 2-bedroom self-contained flat above
Situated opposite Broadwalk Shopping Centre with occupiers nearby including Superdrug, Iceland, Poundland, Greggs, B&M and many more.

Property Description:
The property comprises ground floor takeaway shop and 2-bed self-contained flat at first floor, providing the following accommodation and dimensions:
Ground Floor Takeaway: 68 sq m (732 sq ft)
Open plan retail, kitchen, storage, wc
First Floor Flat: 61 sq m (657 sq ft)
2 bedrooms, kitchen, living room, bathroom

Tenancy:
The takeaway is at present let to Miss Millies Fried Chicken Limited for a term of 10 years from 29th June 2020 at a current rent of £13,000 p.a. And the lease contains full repairing and insuring covenants. Rent review on 29.06.25 open market upward only. No breaks.
The residential flat is at present let on AST to an Individual for a term of 6 Months from 23rd February 2024 at a current rent of £8,220 p.a. Deposit held of £650.

Location:
Bristol is a city straddling the River Avon in the southwest of England with a prosperous maritime history. Its former city-centre port is now a cultural hub. Totterdown is an inner-suburb of Bristol, England, situated just south of the River Avon and to the south-east of Temple Meads railway station and the city centre. The property is situated opposite Broadwalk Shopping Centre with occupiers nearby including Superdrug, Iceland, Poundland, Greggs, B&M and many more.