A very rare opportunity to purchase a multi-let commercial investment situated in a highly desirable location on the border of Henleaze and Westbury Park, Bristol.
The property comprises a single storey retail unit (let to Waitrose Supermarket at £19,000pa), with a further double fronted restaurant (let at £25,000pa) with enclosed rear carpark. The first floor provides office accommodation and whilst it was recently let at £16,550pa, it will be sold with vacant possession and offers potential for residential conversion.
The site offers significant potential for further development subject to obtaining the necessary consents.
A sale of the company shares which owns the freehold title is available. Early enquires are recommended.
DESCRIPTION -
A multi-let, two storey commercial premises, let to Waitrose and an established restaurant on long term leases, with additional first floor offices offering potential for redevelopment.
LOCATION -
The property is situated in a highly desirable location on the border of Henleaze and Westbury Park where freehold investments of this nature rarely come available . Neighbouring occupiers include Scott Cinemas and the Waitrose supermarket.
Henleaze is an affluent suburb situated in North-West Bristol.
49 NORTHUMBRIA DRIVE (WAITROSE) -
This is a ground floor retail unit of approximately 950 sqft (88.3 sqm) let Waitrose on a 25 year effectively fully repairing and insuring term from 1st January 2002, at a rent of £19,000pa subject to 5 yearly rent reviews.
Internally, the shop forms part of the adjoining Waitrose Supermarket.
45-47 NORTHUMBRIA DRIVE (SALKAARA) -
This is a ground floor double fronted restaurant trading as Salkaara, let on a 10 year effectively fully repairing and insuring term from February 2020 at £25,000pa, subject to a 5 year tenant only break option and 5 yearly rent reviews. The restaurant is well presented with external seating to the front, and provides approx. 1050 sqft (97.5 sqm) of accommodation, with further stores, offices, toilets, kitchen and cold stores.
FIRST FLOOR -
The first floor offices were until recently let at £16,550pa but will be sold with vacant possession. The offices provide approximately 1,314 sqft NIA (122 sqm) with further toilet and kitchen facilities. The offices are well presented and benefit from gas central heating, and offer potential to convert to 2x flats or one large HMO (subject to obtaining the necessary consents).
OUTSIDE/DEVELOPMENT POTENTIAL -
To the rear of the property is an enclosed carpark.
The property offers potential for a further storey above the office, and 1-2 storeys above the existing single storey retail unit, subject to obtaining the necessary consents.
TENURE -
The freehold is offered for sale, by way of a sale of the company's shares.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
VIEWING -
Strictly by Appointment with Maggs and Allen.
ENERGY PERFORMANCE CERTIFICATE -
49 Northumbria Drive: To be confirmed.
45-47 Northumbria Drive: E (Valid to Sept 2025)
First Floor Offices: F (Valid to July 2032)
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.
