Lot 18 details
REVERSIONARY GROUND RENT INVESTMENT
Occupying a prominent trading position in this busy shopping parade amongst a variety of local and multiple traders including Iceland, The Co-Operative Food, Martin's and Greggs all serving the surrounding residential suburb, which lies approx. 5½ miles from Bristol City Centre.
Bristol is a major commercial and financial centre with fast links to the M4 and M5 lying some 12 miles north-west of Bath and 35 miles west of Swindon.
An end of terrace Post War building comprising a Ground Floor Shop with separate front access via a rear communal staircase to a Self-Contained Flat on the first and second floors with uPVC windows.
In addition, the property includes Land at the Rear
Ground Floor Shop
Gross Frontage 19'4"
Internal Width 16'10"
Shop Depth 38'0"
Built Depth 46'4"
First & Second Floor Flat
Not inspected - 3 Rooms, Kitchen, Bathroom/WC
Land at Rear (see Note)
VAT is NOT applicable to this Lot
The property is let on a full repairing and insuring lease to M. Patel & A. Patel (sublet to William Hill Bookmakers) for a term of 99 years (less 10 days) from 24th June 1965 at a current rent of £250 per annum exclusive.
Valuable Reversion in approx. 46 years
Note: The Freehold Title includes a rear section of Land with drive-in access on which there are 4 car spaces allocated for communal use with the 3 neighbouring properties. This Land is not demised in the head lease so there may be a possibility of some additional rental income.