5 - 11, Trymwood Parade, Shirehampton Road, BS9 2DP
Sold, £175,000


Key Features

  • FREEHOLD INVESTMENT
  • MIXED USE
  • GROUND FLOOR RESTAURANT
  • SELF CONTAINED 2 BEDROOM FLAT
  • FULLY LET - 25 YEAR LEASE @ £14,600 PA

THE PROPERTY

A Freehold mixed use property occupying a prominent central position within this well established rank.
The property comprises a restaurant ( 5 ) and self contained two bedroom flat ( 11 ) with parking to the rear.
At the rear of the property is a communal parking area.

RESTAURANT AREA

Seating Area inc. Bar - 447 sq ft
Kitchen - 126 sq ft
M&F WCs - 66 sq ft
Ancillary - 60 sq ft
Total - 699 sq ft

SELF CONTAINED FLAT

Living / Dining Room - 181 sq ft
Kitchen - 126 sq ft
Bed 1 - 139 sq ft
Bed 2 - 108 sq ft
Bathroom - 58 sq ft
Internal Hallway/Porch - 52 sq ft
Total - 664 sq ft

THE OPPORTUNITY

INVESTMENT

The property is let as a whole on a 25 year lease at a passing rent of £14,600 per annum for the whole.
We understand the flat is sublet.
The Lease commenced in 2008 and will run until 2033.
There will be a rent review due in December 2018 and we would anticipate the MR to be in the region of £16,000 - £18,000 per annum.

VAT

No VAT is payable as the property has not been registered for VAT.


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