A small terraced shop of approx 340 ft² let to an established taxi operator (Club Cars) at £9,000pa (although due to increase to £9,300pa in March 2025). The premises is let on a 6 year effectively fully repairing and insuring term from May 2021, and is subject to fixed annual increases and is excluded from Sections 24-28 of The Landlord & Tenant Act 1954.
The shop is located in a highly desirable trading position in Bedminster and is offered for sale on the residue of a 999 year lease.
DESCRIPTION -
A small terraced shop of approx 340 ft² let to an established taxi operator (Club Cars) at £9,000pa (due to increase to £9,300pa from March 2025). The shop is located in a popular trading position in Bedminster and is offered for sale on the residue of a 999 year lease.
LOCATION -
The shop is situated in a busy and polar trading position on North Street. Neighbouring shops are predominantly a mix of local independent retailers
TENURE -
The shop is offered for sale on the residue of a 999 year lease.
TENANCY DETAILS -
The shop is let to Club Bristol Limited on a 6 year effectively fully repairing and insuring term from May 2021 at a current passing rent of £9,000pa. The lease is subject to a £300 pa fixed annual increases (due in March 2025). We understand the tenant has traded from the site for over 8 years.
The lease is excluded from Sections 24-28 of The Landlord & Tenant Act 1954.
BUSINESS RATES -
The Rateable Value with effect from April 2023 is £7,000. 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.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: E valid to September 2025.
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 -
Strictly by appointment with Maggs & Allen.
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.
