@MAY AUCTION SOLD
LOT 20
Rental Estimates Retail Unit: £850-£950 PCM Maisonette: £850-£900 PCM Total: £20,400-£22,200 PA Rental values by The Bristol Residential Letting Co
GUIDE PRICE : £270 K +++ 12, WEST STREET, BEDMINSTER, BS3 3LG
Bedminster
RENTAL VALUES BY The Bristol Residential Letting Co
PROPERTY AREA 2078.6 ft 2 /19.13 m 2
Retail + maisonette A Freehold mixed use property (2078ft 2 ) comprising a large ground floor retail unit and a self contained maisonette on the upper floors. • Investment The property has been let since 2008 at a rate of £850 PCM for the entire building. The rent has not been increased since 2008 and the tenant has now been served notice to vacate on 14th May 2018. We understand the tenant may be interested in signing a new lease at £1600 PCM (£19,200 PA ). Alternatively the retail unit and flat could be let separately – see table above. • Break-up/refurbish/resale The maisonette would now benefit from basic updating and could be split and sold separately. • Development There may be scope to develop and extend the existing upper floors at the rear (subject to consents).
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SOLICITORS
contact:
Malcolm Buck, Fussell Wright
malcolm.buck@fussellwright.co.uk
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