High yielding commercial investment let on a full repairing and insuring lease with scope to increase.
Situated in a prominent corner position on the outskirts of the town centre this is a well established fish & chip shop with 2 bedroom flat above. The property is occupied under a 25 year FRI lease with current rent at £19,760 + VAT per annum. With approximately 11 years still to run on the current lease and with 3 yearly rent reviews the property offers a good rental return. The accommodation comprises a lock-up shop of approximately 77 sqm on the ground floor. An external staircase provides access from the rear yard to a first floor self-contained 2 bedroom flat. To the rear of the property is a good sized hard landscaped yard with overgrown parking area. Long term this may offer potential for development once the lease ends.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
- 25 year lease from 3rd July 2007
- Initial rent £19,760 per annum
- Potential to increase to £21,000 + VAT
- Rent reviews every 3 years, next one due July 2022. We are informed the rent review process from 2019 was started but never finalised due to the Covid-19 pandemic.
By appointment with Auction House
For sale by LIVE STREAM Auction
on 15th February 2022 start time to be confirmed. In order to take part you must complete the registration form and return it together with two forms of ID. You will then be able to bid from the luxury of your own home either over the internet, by phone or by proxy. Please note the auctioneers have made their best endeavours to disclose all additional fees. Interested parties should refer to the special conditions of sale contained in the Legal Pack for any late amendments or additions to these fees as well as the auction day addendum sheet prior to bidding.
A full auction legal pack can be downloaded from the Auction House Bristol website once available. For further information on the other lots in this auction please visit the website.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.