A high yielding mixed used investment property comprising lock-up shop and 3 bed maisonette above.
Gloucester Road is a busy and vibrant high street with a range of independent and national retailers, cafes, bars and restaurants. No. 58 is a mid-terrace property situated between Wolseley Road & Raglan Road. The property comprises a ground floor shop/office let to an established tenant that has traded from the property for over 25 years, with approximately 9 years left on the current lease and is let at £12,500 per annum. The upper floors comprise a 3 bedroom maisonette let to students. A new 12 month AST commences on the 20th July at £2025 pcm + bills. With a total annual income of £36,800 the property offers a gross annual income of just over 9%.
Ground Floor Accommodation
A communal entrance hall provides access to the respective parts.
A use class E commercial premises currently occupied by a long established letting and property management company which has traded from the property for more than 25 years. The ground floor extends to approximately 48 sqm with use of a rear garden. There is a large timber cabin with electricity, water and drainage (by way of a macerator). We understand this is owned by the tenants.
The current rateable value is £7,300.
Currently let on a 10 year lease with approximately 9 years left to run at £12,500 per annum.
Occupying the 1st and 2nd floors, this is a 3 double bedroom maisonette. The first floor accommodation comprises living room, kitchen, and bedroom with access to the garden whilst on the second floor are two further bedrooms and a bathroom.
The property will be sold subject to a new 12 month AST commencing on the 20th July 2023 at £2025 pcm.
By appointment only, please call us on 01179 464949
For Sale by Live Stream Auction on 22nd June 2023
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 once available. For further information on the other lots in this auction please visit the website.
EPC Rating: Shop - C. Maisonette - E
Council Tax Band: TBC
Local Authority: Bristol City Council
Lease Years Remaining: TBC
Annual Service Charge: TBC
Annual Ground Rent: TBC
Guide Prices & Reserves
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Plans, Maps and Photographs
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Control of Asbestos Regulations
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