An interesting commercial investment opportunity
This is a substantial ground floor mid-terrace self-contained office unit. The property is roughly L shaped and arranged as a suite of offices totaling circa 111 sqm/ 1,195 sg ft. Currently let at £20,000 per annum this offers an attractive investment opportunity. Situated in the heart of Redland Chandos Road offers a range of local shops cafes and bars as well as Wilks Michelin starred restaurant.
The current rent is £20,000 per annum on a five year lease with a three year rent review which falls due on 1st June 2018 giving an opportunity to increase the income.
The monthly contribution of the ground floor is currently £56 pcm
The property is sold subject to the existing tenancy.
Buyers Admin Fee: 0.3% of the sale price subject to a minimum fee of £720 on the fall of the gavel/exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
For Sale by Auction
On Thursday 8th February 2018 at 7.00pm
At Ashton Gate Stadium, Winterstoke Road, Bristol BS3 2LQ
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 www.auctionhousebristol.co.uk once available. For further information on the other lots in this auction please visit the website.