Studio for sale in West Street, St. Philips, Bristol BS2
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Utilities and more details
Property features
- Mixed use investment
- 2 X one bedroom flats
- Iconic bristol bar
- Basement level/ store
- Sold with freehold & no chain
- All three units fully occupied
- Current gross income of £38,460p
Property description
***mixed use investment in central location***
Opportunity to purchase a substantial mixed use investment comprising a bar occupying the ground floor and basement with 2 one bedroom flats above. The property is fully let producing a gross income of £38,460pa plus service charge. Situated in a corner position on West Street and Midland Road, Old Market the property benefits from easy access to Bristol city centre, Temple Meads and Cabot Circus.
Description -
Substantial mixed use investment comprising a bar with 2 one bedroom flats.
We understand the bar is let on a 10 year Full Repairing and Insuring lease recovered by way to a service charge from October 2018 to sole trader at a passing rent of £15,000pa.
The flats are let as follows:
4a West Street - £960pcm
4b West Street - £995pcm
Therefore the property is fully let producing a gross income of £38,460pa.
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 is home to a variety of independent businesses and with various redevelopment projects underway is becoming an increasingly popular location.
Tenure -
Understood to be Freehold.
Property info
For more information about this property, please contact
Chappell & Matthews - Bristol Sales, BS8 on +44 117 295 7348 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Chappell & Matthews - Bristol Sales, and do not constitute property particulars. Please contact Chappell & Matthews - Bristol Sales 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.