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AGENT'S DETAILS


Freehold Shop and Residential Ground Rent Investment

Guide price: £130,000.00|1432 Sq Ft|General Retail, Retail - High Street, Restaurant/Cafes, Retail

PROPERTY DETAILS

SIZE1432 Sq Ft
ADDRESS3 Arnside Road, Southmead, Bristol BS10 6AT
TYPEGeneral Retail, Retail - High Street, Restaurant/Cafes, Retail
TENUREUnder Offer
POSTED ON23rd August 2020

DESCRIPTION

Investment Consideration:
Gross Initial Yield: 8.08%
Rental Income: £10,500 p.a.
VAT is NOT applicable to this property
Comprising a café/takeaway on the ground floor and maisonette on the first and second floor (sold off)
Occupiers nearby include Post Office, Tesco, Aldi Supermarket, Greggs, Iceland, Day Lewis Pharmacy, Car Park, Southmead Library, amongst other local traders.

Property Description:
The property is arranged as a ground floor café/takeaway with Maisonette on first and second floor, being sold off on long lease.

The property provides the following accommodation and dimensions:
Ground Floor: 68 sq m (732 sq ft)
First/Second Floor: 65 sq m (700 sq ft)

Tenancy:
The café is at present let to Y Sharma for a term of 10 years from 30th July 2020 at a current rent of £10,250 per annum and the lease contains full repairing and insuring covenants. The lease provides for rent review and tenant option to determine in the fifth year. Rent deposit held of £5,000. The first/second floor maisonette is sold off on long lease for a term of 125 years at a current rent of £250 per annum.

Location:
Bristol is a city in South West England with a population of 463,400. The M4 motorway connects the city on an east–west axis from London to West Wales, and the M5 is a north–south west axis from Birmingham to Exeter. The M49 motorway is a shortcut between the M5 in the south and the M4 Severn Crossing in the west, and the M32 is a spur from the M4 to the city centre. Occupiers nearby include Post Office, Tesco, ALDI Supermarket, Greggs, Iceland, Day Lewis Pharmacy, Car Park, Southmead Library, amongst other local traders.

LOCATION

Location: 3 Arnside Road, Southmead, Bristol BS10 6AT

Filton Abbey Wood (1.7 miles)

Redland (2.4 miles)

Patchway (2.5 miles)

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