Property photos
Freehold
£550,000
Property for sale
East Street, Bedminster, Bristol BS3Local area information
Property location
Nearby amenities
- Holy Cross RC Primary School 0.2 miles
- St Mary Redcliffe Church of England Primary School 0.2 miles
- Bedminster 0.2 miles
- Prince Street Bridge Ferry Landing 0.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Bristol to find out more about the local area.
Features and description
- Freehold
- Shop & Large HMO above
- Currently Let at £42,600pa
- Potential to Increase to £46,200pa
A mixed use investment property comprising a ground floor shop with a self contained, spacious, and very well presented 4 bedroom maisonette let as a House of Multiple Occupation. The shop has been recently let at £15,000pa on a new 5 year effectively fully repairing and insuring term, and the tenant is in the process of fitting out and replacing the retail frontage. The maisonette is currently let at approximately £575pcm per room)but we anticipate a market rent of £650pcm.
The property is therefore currently fully let producing £42,600pa but assuming the room rents are increased to market level, there is potential to increase the passing rent to £46,200pa.
Description
A mixed use investment property comprising a ground floor shop with a self contained, spacious, and very well presented 4 bedroom maisonette let as a House of Multiple Occupation. The shop has been recently let at £15,000pa on a new 5 year effectively fully repairing and insuring term, and the tenant is in the process of fitting out and replacing the retail frontage. The maisonette is currently let at approximately £575pcm per room)but we anticipate a market rent of £650pcm.
The property is therefore currently fully let producing £42,600pa but assuming the room rents are increased to market level, there is potential to increase the passing rent to £46,200pa.
Location
The property is situated on the High Street in Bedminster in an area which is currently undergoing significantly redevelopment.
Floor Plan
The floor plan is provided for indicative purposes only and should not be relied upon.
Vat
All figures quoted are exclusive of VAT unless otherwise stated.
Viewings
By appointment.
Energy Performance Certificate (Epc)
Rating:
Shop - C - valid to Jan 2028
Maisonette: C - valid to July 2034.
Tenure
Offered for sale on a freehold basis.
Lease Details
Shop
The shop is let at £15,000pa on a 5 year effectively fully repairing and insuring 5 year term, with a 3 year tenant only break option and 3 year upward only rent review. The lease is excluded from Sections 24-28 of The Landlord and Tenant Act 1954.
Maisonette
The flat is let as a spacious 4 bedroom House of Multiple Occupation at a rent of £2,300pcm (£575pcm per room) although the tenants have given notice to vacate in November 2024. We anticipate a market rent of £650pcm i.e £2,600pcm.
Planning Consent
Planning consent was also granted in 2022 (Ref: 22/0180/F) for the erection of a further storey of residential accommodation on the roof.
Business Rates
The Rateable Value with effect from April 2023 is £ . 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.
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.
The property is therefore currently fully let producing £42,600pa but assuming the room rents are increased to market level, there is potential to increase the passing rent to £46,200pa.
Description
A mixed use investment property comprising a ground floor shop with a self contained, spacious, and very well presented 4 bedroom maisonette let as a House of Multiple Occupation. The shop has been recently let at £15,000pa on a new 5 year effectively fully repairing and insuring term, and the tenant is in the process of fitting out and replacing the retail frontage. The maisonette is currently let at approximately £575pcm per room)but we anticipate a market rent of £650pcm.
The property is therefore currently fully let producing £42,600pa but assuming the room rents are increased to market level, there is potential to increase the passing rent to £46,200pa.
Location
The property is situated on the High Street in Bedminster in an area which is currently undergoing significantly redevelopment.
Floor Plan
The floor plan is provided for indicative purposes only and should not be relied upon.
Vat
All figures quoted are exclusive of VAT unless otherwise stated.
Viewings
By appointment.
Energy Performance Certificate (Epc)
Rating:
Shop - C - valid to Jan 2028
Maisonette: C - valid to July 2034.
Tenure
Offered for sale on a freehold basis.
Lease Details
Shop
The shop is let at £15,000pa on a 5 year effectively fully repairing and insuring 5 year term, with a 3 year tenant only break option and 3 year upward only rent review. The lease is excluded from Sections 24-28 of The Landlord and Tenant Act 1954.
Maisonette
The flat is let as a spacious 4 bedroom House of Multiple Occupation at a rent of £2,300pcm (£575pcm per room) although the tenants have given notice to vacate in November 2024. We anticipate a market rent of £650pcm i.e £2,600pcm.
Planning Consent
Planning consent was also granted in 2022 (Ref: 22/0180/F) for the erection of a further storey of residential accommodation on the roof.
Business Rates
The Rateable Value with effect from April 2023 is £ . 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.
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.
Floor plans and tours
Floor plans (1)
More information
Listed by
Maggs & Allen
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Maggs & Allen. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Maggs & Allen for full details and further information.