Additional text is available below.The property occupies a strong high street position, offering excellent visibility and accessibility, making it well suited to long-term commercial use. The building has been recently refurbished and is presented in excellent condition throughout, providing an attractive and low-maintenance investment opportunity.
The combined rental income is £35,000 per annum offering a rental yield of 10.7% based on the guide price.
Tenure
Leasehold. 999 years from the 1 February 2004
AUCTIONEERS NOTE
RENTS: Please note there is a combined income of £35,000 per annum offering a rental yield of 10.7% based on the guide price. The split in rents are as follows.
Ground Floor Office: £17,000 per year
Flat: £1,500 per month and £18,000 per year
ACCOMMODATION
Ground Floor: The ground floor is arranged as a large main office area, with additional office rooms, kitchen facilities, WC, laundry/storage area and ancillary space. The ground floor extends to approximately 64.9 sq m and is currently let to a long-term tenant.
First Floor: The first floor provides a well-proportioned two-bedroom apartment, arranged with two bedrooms, living room, kitchen and bathroom. The apartment extends to approximately 54.5 sq m and is also currently let, providing a useful additional income stream.
VIEWINGS
Contact James Dear for more information or to arrange a viewing.
FULL DETAILS
Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within the full property details, online, via our website. All published information is to aid identification of the property and is not necessarily to scale.
NOTICE TO BIDDER
Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction.
Local Authority
Bristol City Council
Solicitors
Spencer West, Ref: Spencer West
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - £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.