A fully tenanted mixed use investment property offering an attractive yield
Comprising an A3/A5 Indian restaurant and takeaway on the ground floor with a 1 bedroom self-contained flat above this is an established mixed use investment property currently producing £14,820 per annum. Conveniently positioned opposite the Vauxhall footbridge the property offers easy access to Wapping Wharf, the Bristol city centre and North Street making this a desirable rental location. There is significant scope to increase the rent of the flat to in excess of £700 pcm giving a potential return of in £16,200. The commercial tenant has been in occupation for circa years although the business has been trading from this location for much longer. Should the property ever come empty there is potential for residential conversion subject to planning.
• Mixed use investment property • Ground floor A3/A5 restaurant • Let on a 10 year FRI lease from 7th October 2016 at £7,824 pa • First floor 1 bedroom flat with private rear entrance • Approximately 40 sqm • Currently let by way of an expired AST at £585 pcm • Potential to increase to circa £700 - £725 pcm • Council Tax Band A • Business Rates rateable value £3,150
Provided by Accomodation Unlimited a full copy of which is in the legal pack. 13 Chandos Rd, Redland, Bristol BS6 6PG 0117 973 9394 https://www.aul.org.uk/
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For sale by LIVE STREAM Auction
on 19th August 2020, start time to be confirmed. In order to take part you must complete the registration form and return it together with two forms of ID. You will then be able to bid from the luxury of your own home either over the internet, by phone or by proxy. Please note the auctioneers have made their best endeavours to disclose all additional fees. Interested parties should refer to the special conditions of sale contained in the Legal Pack for any late amendments or additions to these fees as well as the auction day addendum sheet prior to bidding.
A full auction legal pack can be downloaded from www.auctionhousebristol.co.uk once available. For further information on the other lots in this auction please visit the website.
Energy Efficiency Rating (EPC)
Current Rating Shop: D. Flat: D
Bristol City Council
Neath Raisbeck Golding Law, Bush House, 77-81 Ama Road, Clifton, Bristol, BS8 2DP, Ref: George Boyd-Gibbins, Tel: 0117 3179719
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.