Block of flats for sale in Stokes Croft, Bristol BS1
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Substantial Mixed Use Investment
- Fully let producing a Gross Annual Rent of £120,000pa
- Central Location
- Break-up Opportunity
Property description
A substantial mixed-use investment property arranged as a ground floor shop and restaurant, 4 flats above, with 3 further mews houses to the rear.
The property is fully let producing a gross annual rent of £120,000pa.
The property is situated in a bustling position in Stokes Croft and would make an ideal mixed-use investment property.
Description
A substantial mixed-use investment arranged as a ground floor shop, restaurant, 4 flats above, and 3 mews houses to the rear.
The property is fully let producing a gross annual rent of £120,000pa.
Location
Situated in a popular location on Stokes Croft within close proximity of the Caribbean Croft, the Canteen and No. 51 Stokes Croft.
Schedule Of Accomodation
Commercial units: Arranged as a retail unit and takeaway (approx. 1,816 ft2/ 168.7 m2)
mews house 1: 2 bedroom house (65m2)
mews house 2: 2 bedroom house (67m2)
mews house 3: 1 bedroom house (50m2)
flat 1: 1 bedroom flat (42m2)
flat 2: 1 bedroom flat (48m)
flat 3: 1 bedroom flat (43m2)
flat 4: 1 bedroom flat (48m2)
Floor Plan
The floor plan and areas provided are for indicative purposes only and should not be relied on. We understand the internal configuration of the commercial parts has since been amended.
Vat
We understand the property is elected for VAT and would therefore anticipate a sale by way of a Transfer of a Going Concern (togc).
Viewing
Strictly by appointment with Maggs and Allen
Energy Performance Certificate
Ground Floor (Commercial): D
Mews House 1: C
Mews House 2: C
Mews House 3: C
Flat 1: D
Flat 2: D
Flat 3: D
Flat 4: C
Tenancy Details
Commercial
The two commercial units are let on a 12 year effectively full repairing and insuring term from the 1st September 2020 at a passing rent of £33,000pa.
Residential
We understand the flats and houses are all let on Assured Shorthold Tenancy agreements on the following rents:
Mews House 1: £1,200pcm
Mews House 2: £1,300pcm
Mews House 3: £950pcm
Flat 1: £950pcm
Flat 2: £950pcm
Flat 3: £950pcm
Flat 4: £950pcm
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.
Property info
For more information about this property, please contact
Maggs & Allen, BS9 on +44 117 295 4269 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Maggs & Allen, and do not constitute property particulars. Please contact Maggs & Allen for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.