Property description
A mixed use freehold investment with parking, set in Chandos Road, a popular and thriving street in the heart of Redland, with potential to remodel/improve/extend the residential accommodation.
ACCOMMODATION
Ground Floor:
Retail shop with A1 consent (overall 87 sq.m) ITZA 60.57 sq. m1 bedroom flat (29 sq. m) (accessed via Lansdown Road)
First Floor:
4 bedroom student flat (104 sq. m) (accessed via Lansdown Road)
Outside:
Parking space for one car (accessed via Lansdown Road)
INCOME AND TENANCY DETAILS:
Shop:
10 year lease from 27 September 2013Current rent £7,000 p.a. increasing to £13,000 p.a. in September 2016 and to £15,000 p.a. in September 2017.
Ground Floor Flat:
Rolling Assured Shorthold Tenancy from 5th December 2006 - £4,740 p.a.
First Floor Flat:
Current Assured Shorthold Tenancy expires on 30th June 2016.£17,760 p.a. (£370 per month per room)New Assured Shorthold Tenancy from 7th July 2016 until 30 June 2017 - £18,960 p.a. (£395 per month per room)
Total Current:
£29,500 p.a.
Total end of 2016:
£36,700 p.a.
VAT:
The property is VAT registered
IMPORTANT REMARKS
VIEWING & FURTHER INFORMATION:
available exclusively through the sole agents, Richard Harding Estate Agents, tel: 0117 946 6690.
FIXTURES & FITTINGS:
only items mentioned in these particulars are included in the sale. Any other items such as carpets etc. are not included but may be available by separate arrangement.
TENURE:
it is understood that the property is freehold with an annual freehold rent charge of £6.60. This information should be checked by your legal adviser.
PLEASE NOTE:
1.The photographs may have been taken using a wide angle lens.2.Any services, heating systems, appliances or installations referred to in these particulars have not been tested and no warranty can be given that these are in working order. Whilst we believe these particulars to be correct we would be pleased to check any information of particular importance to you. 3.We endeavour to make our sales details accurate and reliable but they should not be relied on as statements or representations of fact and they do not constitute any part of an offer or contract. The seller does not make any representation or give any warranty in relation to the property and we have no authority to do so on behalf of the seller. 4.Please contact us before viewing the property. If there is any point of particular importance to you, we will be pleased to provide additional information or to make further enquiries. We will also confirm that the property remains available. This is particularly important if you are contemplating travelling some distance to view the property. 5.Any floor plans provided are not drawn to scale and are produced as an indicative rough guide only to help illustrate and identify the general layout of the property.6.Any reference to alterations to, or use of, any part of the property is not a statement that any necessary planning, building regulations, listed buildings or other consents have been obtained. These matters must be verified by any intending buyer.7.Please be aware that firstly, areas of first priority (AFP) for schools do change and, secondly, just because a property is located within an AFP this does not mean schooling is guaranteed for resident children. Please make appropriate enquiries of the local authority to ensure you are fully aware of the exact position prior to exchange of contracts.
Property Features :
- The property is set in a very favourable location.
- Chandos Road has a small but vibrant community feel with an interesting range of shops, bars & rest
- The property offers exciting potential to either update and modernise the existing residential sect
- EPC Ratings: Shop - D, 1 Bedroom Flat - F, 4 Bedroom Flat - E