Commercial property for sale in Byron Place, Clifton, Bristol BS8

A well presented mixed use investment property arranged as a a ground and basement takeaway/restaurant, with a spacious 4 bedroom maisonette above, situated in a highly desirable location on the Triangle, Clifton.

The restaurant is let at £25,000pa on a new 25 year effectively fully repairing and insuring term and the maisonette islet to students £825pcm per room, exclusive of bills.

The property is therefore fully let producing a gross annual rent of £64,600pa.

Description

A well presented mixed use investment property arranged as a a ground and basement takeaway/restaurant, with a spacious 4 bedroom maisonette above, situated in a highly desirable location on the Triangle, Clifton.

The restaurant is let at £25,000pa on a new 25 year effectively fully repairing and insuring term and the maisonette islet to students £825pcm per room, exclusive of bills.

The property is therefore fully let producing a gross annual rent of £64,600pa.

Location

Situated in a bustling trading position on The Triangle, Clifton. Neighbouring occupiers include The Coconut Tree, La Rocca and Takka Takka.

Business Rates

The rateable value with effect from April 2023 is £11.250. 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:
Shop: B
Maisonette: C

Floor Plan

The floor plan is provided for indicative purposes only and should not be relied upon.

Lease Details

Restaurant/Takeaway

Let on a new 25 year effectively fully repairing and insuring term from the 31st May 2024, subject to 5 yearly upwards only rent reviews and tenant break options. There is also a 3 month rent deposit.

Maisonette

We understand the maisonette has been let to students from June 2024 at a rent of £825pcm per room exclusive of bills.

Viewings

By appointment.

Vat

All figures quoted are exclusive of VAT unless otherwise stated.

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.