Comprises an Indian Restaurant with three, separately-accessed and separately let flats above
Restaurant let on renewed 5-year lease from January 2023 (No breaks)
Flats all let on AST's
Market town location north of Bristol
Nearby occupiers include Aldi, Co-op Convenience Store, Boots Pharmacy, Costa, Greggs and Domino's
Lot 34
Auction 9th May 2024
Rent £37,604 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail, Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
14 miles north of Bristol, 23 miles south-west of Gloucester
Roads
A38, M5 (Junction 15), M4 (Junction 20), M48
Rail
Yate Railway Station
Air
Bristol Airport
Situation
The property is located on the eastern side of Castle Street in the heart of the town centre, close to its junction with High Street and The Plain. Nearby occupiers include Aldi, Co-op Convenience Store, Boots Pharmacy, Costa, Greggs and Domino's.
Tenure
Freehold.
Location
Miles
14 miles north of Bristol, 23 miles south-west of Gloucester
Roads
A38, M5 (Junction 15), M4 (Junction 20), M48
Rail
Yate Railway Station
Air
Bristol Airport
Situation
The property is located on the eastern side of Castle Street in the heart of the town centre, close to its junction with High Street and The Plain. Nearby occupiers include Aldi, Co-op Convenience Store, Boots Pharmacy, Costa, Greggs and Domino's.
Tenure
Freehold.
Description
The property comprises a ground floor restaurant with three, separately-accessed one bed flats arranged on the first and second floors, all let on AST's. The property benefits from a large rear garden.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC's will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor restaurant with three, separately-accessed one bed flats arranged on the first and second floors, all let on AST's. The property benefits from a large rear garden.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC's will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas (Approx sq ft) (1)
Tenant
Term
Rent p.a.x.
Ground
Restaurant
85.71
(822)
ROOBROO LTD
5 years from 03/01/2023
£12,500
First (Flat 1)
Residential - 1 bed flat
38.00
(409)
AN INDIVIDUAL
AST 1 year from 06/02/2012 at £622.05 pcm
£7,464.60
First (Flat 3)
Residential - 1 bed flat
55.00
(592)
AN INDIVIDUAL
AST 1 year from 25/02/2022 at £695 pcm
£8,340
Second (Flat 2)
Residential - 1 bed flat
55.00
(592)
AN INDIVIDUAL
AST 1 year from 24/02/2022 at £775 pcm
£9,300
Total
233.71
(2,415)
£37,604.60
(1) Areas provided by VOA (www.gov.uk/find-business-rates).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
