2 Castle Street Thornbury Nr Bristol BS35 1HB

2 Castle Street
Thornbury
Nr Bristol
BS35 1HB

Freehold Restaurant and Residential Investment

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
Auction Venue
Live Streamed Auction

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Freehold Restaurant and Residential Investment

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

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

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.