£200,000
(£87.11/sq. ft)
Property for sale124 Rodway Road, Patchway, Bristol, Gloucestershire BS34
2,296 sq. ft
Available immediately
About this property
Potential for further development (STP).
Currently producing £12k per annum.
Asset management opportunities to enhance income.
Freehold shop and flat on corner plot.
Description
The property comprises a 2-storey building arranged as a retail unit (currently in use as a betting shop) on the ground floor with redundant flat on the first floor to which there is no access. Internally, the ground floor provides open plan sales space with ancillary storage and WCs located at the rear. The first floor comprises a dilapidated 1-bedroom flat in need of renovation currently with no access from the ground floor. The tenant is responsible for reinstating the internal staircase at lease expiry. To the side and rear are gardens and a garage, which provide some scope for development, subject to the necessary consents & agreements.
Location
The property is located in a prominent position on the corner of Rodway Road and Durbin Road in Patchway, on the northern fringes of Bristol. Bristol City centre lies approximately 6 miles to the south whilst access to the motorway network is easily gained via Junction 17 of the M5, approximately 1 mile to the north. Patchway train station is approximately 1.2 miles from the property.
Situation
The property forms one of several retail premises making up a local retail parade that includes Spar and Co-Operative Funeral Care. The immediate surrounding area comprises mostly residential properties although notable commercial occupiers include Avon Fire & Rescue (Patchway branch) situated opposite the property and Patchway Community Centre.
Accommodation Text
The property benefits from the following Net Internal Floor Areas:-
Ground Floor 134.32 sqm 1,446 sqft
First Floor * 78.98 sqm 850 sqft
Total 134.32 sqm 1,446 sqft
*We were unable to access the first floor but have estimated it is circa 850 sqft on a gia basis. Access can be arranged to the first floor with suitable prior notice.
Legal Costs
Each party is to be responsible for their own legal and professional fees incurred in any transaction.
EPC Text
The Property has an EPC rating of C 57 (Ref.
Further Information
Occupational lease
The whole is currently let to William Hill Organization Limited (Company No: 00278208) on a full repairing and insuring lease from 16 December 2024 for a term of 10 years, expiring 15 December 2034. The lease contains tenant only break clauses on 24 December 2029 & 24 December 2032 as well as an upwards only rent review on 29 September 2029. The current rent is £12,000 per annum. The Lease is granted inside the security of tenure provisions of the Landlord & Tenant Act 1954 (Part II).
Anti-money laundering
The purchaser will be required to provide identity documentation to comply with UK Anti-Money laundering legislation at the point of agreeing heads of terms.
VAT
VAT not applicable.
For further information or to arrange in inspection, please contact the sole agents at CSquared llp, 82 Walcot Street, Bath, BA1 5BD.
Nathan Clark
T E
Emily Dagg
M E
The property comprises a 2-storey building arranged as a retail unit (currently in use as a betting shop) on the ground floor with redundant flat on the first floor to which there is no access. Internally, the ground floor provides open plan sales space with ancillary storage and WCs located at the rear. The first floor comprises a dilapidated 1-bedroom flat in need of renovation currently with no access from the ground floor. The tenant is responsible for reinstating the internal staircase at lease expiry. To the side and rear are gardens and a garage, which provide some scope for development, subject to the necessary consents & agreements.
Location
The property is located in a prominent position on the corner of Rodway Road and Durbin Road in Patchway, on the northern fringes of Bristol. Bristol City centre lies approximately 6 miles to the south whilst access to the motorway network is easily gained via Junction 17 of the M5, approximately 1 mile to the north. Patchway train station is approximately 1.2 miles from the property.
Situation
The property forms one of several retail premises making up a local retail parade that includes Spar and Co-Operative Funeral Care. The immediate surrounding area comprises mostly residential properties although notable commercial occupiers include Avon Fire & Rescue (Patchway branch) situated opposite the property and Patchway Community Centre.
Accommodation Text
The property benefits from the following Net Internal Floor Areas:-
Ground Floor 134.32 sqm 1,446 sqft
First Floor * 78.98 sqm 850 sqft
Total 134.32 sqm 1,446 sqft
*We were unable to access the first floor but have estimated it is circa 850 sqft on a gia basis. Access can be arranged to the first floor with suitable prior notice.
Legal Costs
Each party is to be responsible for their own legal and professional fees incurred in any transaction.
EPC Text
The Property has an EPC rating of C 57 (Ref.
Further Information
Occupational lease
The whole is currently let to William Hill Organization Limited (Company No: 00278208) on a full repairing and insuring lease from 16 December 2024 for a term of 10 years, expiring 15 December 2034. The lease contains tenant only break clauses on 24 December 2029 & 24 December 2032 as well as an upwards only rent review on 29 September 2029. The current rent is £12,000 per annum. The Lease is granted inside the security of tenure provisions of the Landlord & Tenant Act 1954 (Part II).
Anti-money laundering
The purchaser will be required to provide identity documentation to comply with UK Anti-Money laundering legislation at the point of agreeing heads of terms.
VAT
VAT not applicable.
For further information or to arrange in inspection, please contact the sole agents at CSquared llp, 82 Walcot Street, Bath, BA1 5BD.
Nathan Clark
T E
Emily Dagg
M E
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