£95,000
(£190.00/sq. ft)
Property for saleWest Street, Bedminster BS3
500 sq. ft
Leasehold
About this property
Let at £8,505pa
Fixed 5% Annual Increases
Residue of 999 Yr Lease
Prominent Position
A tenanted ground floor shop of approximately 300 ft2 with additional basement storage, located in a prominent position in Bedminster.
The shop is let at £8,930.25 pa on a 15 year effectively fully repairing and insuring term with fixed 5% annual rental increases, and is therefore offered for sale as an investment with the tenant in occupation.
Description
A ground floor shop of approximately 300 ft2 with additional basement storage located in a prominent position in Bedminster. The shop is let at £8,930.25 pa on a 15 year effectively fully repairing and insuring term, and is offered for sale as a tenanted investment property.
Location
The shop is located on the junction of West Street and Sheene Road, within close proximity of McDonalds.
Tenure
Offered for sale on the residue of a 999 year lease.
Tenancy Details
The shop is let on a 15 year effectively fully repairing and insuring term from June 2023 at a current rent of £8,930.25 pa and is subject to fixed 5% annual increases. There is a lease deposit of £4,050 and the tenants benefit from Security of Tenure under The Landlord & Tenant Act 1954.
Business Rates
The Rateable Value with effect from April 2023 is £3,250. We therefore would expect those eligible for small business relief to benefit from 100% exemption at this time. However, we advise all interested parties to confirm directly with the local authority.
Energy Performance Certificate (Epc)
Rating: D - valid to March 2028.
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.
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.
The shop is let at £8,930.25 pa on a 15 year effectively fully repairing and insuring term with fixed 5% annual rental increases, and is therefore offered for sale as an investment with the tenant in occupation.
Description
A ground floor shop of approximately 300 ft2 with additional basement storage located in a prominent position in Bedminster. The shop is let at £8,930.25 pa on a 15 year effectively fully repairing and insuring term, and is offered for sale as a tenanted investment property.
Location
The shop is located on the junction of West Street and Sheene Road, within close proximity of McDonalds.
Tenure
Offered for sale on the residue of a 999 year lease.
Tenancy Details
The shop is let on a 15 year effectively fully repairing and insuring term from June 2023 at a current rent of £8,930.25 pa and is subject to fixed 5% annual increases. There is a lease deposit of £4,050 and the tenants benefit from Security of Tenure under The Landlord & Tenant Act 1954.
Business Rates
The Rateable Value with effect from April 2023 is £3,250. We therefore would expect those eligible for small business relief to benefit from 100% exemption at this time. However, we advise all interested parties to confirm directly with the local authority.
Energy Performance Certificate (Epc)
Rating: D - valid to March 2028.
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.
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.
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