Commercial property for sale in West Street, St. Philips, Bristol BS2
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Central location
- Long leasehold
- Commercial Investment
- Let at £15,000pa
Property description
Opportunity to purchase a commercial investment situated in a corner position on West Street, Old Market. The property is let to a bar (sole trader) at a passing rent of £15,000pa on the remainder of a 10 year lease until October 2028. The property comprises a ground floor bar area with adjoining toilet facilities and basement level providing storage. Offered for sale on a new long Leasehold basis subject to the occupational commercial lease.
Description
Commercial Investment - We understand the property is let on a 10 year Full Repairing and Insuring lease recovered by way to a service charge from October 2018 to a bar (sole trader) at a passing rent of £15,000pa. Arranged as a ground floor bar area with adjoining toilet facilities. In addition there is a basement providing storage space.
Location
Situated in a corner position on West Street and Midland Road providing easy access to the M32 motorway and within close proximity to the Bristol City Centre, Cabot Circus and Temple Meads Train Station. Old Market Street is home to a variety of independent businesses and with various redevelopment projects underway is becoming an increasingly popular location.
Tenure
To be sold on a new long Leasehold basis.
Floor Plan
The floor plan is provided for indicative purposes only and is not to be relied upon.
Energy Performance Certificate
EPC rating: E (expires June 2029)
Business Rates
The rateable value with effect from April 2023 is £10,800. 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.
Legal Costs
Each party to incur their own respective legal fees.
Vat
All figures quoted are exclusive of VAT unless otherwise stated.
Viewing
As an actively trading business viewings are strictly by appointment with Maggs & Allen.
Control Of Absestos 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.
Property info
For more information about this property, please contact
Maggs & Allen, BS9 on +44 117 295 4269 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Maggs & Allen, and do not constitute property particulars. Please contact Maggs & Allen for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.