Lot 5 details
6 WEEK COMPLETION
REVERSIONARY GROUND RENT INVESTMENT
Located within this established retail parade, amongst a variety of multiples that include Lloyds Pharmacy, Greggs, Cash Generator, Iceland, Pizza Hut, Aldi as well as a host of local traders, all serving the surrounding residential area. Southmead is a suburb of Bristol which is one of the main commercial centres of the west of England, approx. 35 miles west of Swindon, 12 miles north-west of Bath and enjoys excellent road links via the M32 and A4 which link to the M4 and M5 respectively.
An end of terrace building comprising a Ground Floor Shop with separate access to a Self-Contained Flat on the first and second floors.
VAT is NOT applicable to this Lot
Ground Floor Shop
Gross Frontage 18'6"
Built Depth 77'0"
First & Second Floor Flat
Not Inspected - believed to be 3 Rooms, Kitchen, Bathroom/WC
The entire property is let on a full repairing and insuring lease to S. N. Tanna, H. S. Tanna and V. S. Tanna (sublet to McColl's) for a term of 99 years from 24th June 1951 at a current rent of £42 per annum exclusive.
Reversion in approx. 32 years.
Note: The sub-lessee (McColl's) also occupies the adjoining shop.