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Lot 12 Click here for addendum

Double Restaurant/Take-Away and Self-Contained Flat prod. £25,000 p.a.

Gross Yield 9.6%
6 Week Completion

Situation

Located close to the junction with Pembroke Road and just 100 yards from the High Street, adjacent to William Hill and nearby other multiples such as The Post Office, Bargain Beers, Coral and a variety of local traders.
Shirehampton is a popular residential suburb lying approximately 4 miles north-west of Bristol City Centre, enjoying good access to the M5 (Junction 18).

Property

Forming part of a retail parade, comprising an end of terrace Ground Floor Double Restaurant/Take-Away with internal and separate rear access to a Self-Contained Flat on the first floor.

ACCOMMODATION¹

Ground Floor Double Restaurant/Take-Away
Gross Frontage 37'1”
Internal Width 35'5”
Built Depth 40'2”
Sales Area Approx. 920 sq ft
Kitchen/Ancillary Area Approx. 230 sq ft
WCs
First Floor Flat
5 Rooms, Store Room, Kitchen, Shower Room, sep. WC

¹ Not inspected by Barnett Ross. Areas provided by Vendor.

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to Ali & Muskan Limited as an Indian Restaurant/Take-Away for a term of 21 years and 2 days from 21st June 2010 at a current rent of £25,000 per annum exclusive.

Rent Reviews June 2020 (not actioned) and 2025.

Note: The Tenant did not exercise their June 2020 Break Option.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

9–10 The Parade, Shirehampton, Bristol, Avon BS11 9TS