Acquired
Bristol – Takeaway & 2-Bed Flat
312 Wells Road, Bristol BS4 2QGFreehold Takeaway & Residential Investment
Tenure
Freehold
Lease Term
10 Years
Years Left on Lease
5y 6m
Area
1,390 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises ground floor takeaway and 2-bedroom self-contained flat above
- Situated opposite Broadwalk Shopping Centre with occupiers nearby including Superdrug, Iceland, Poundland, Greggs, B&M and many more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises ground floor takeaway shop and 2-bed self-contained flat at first floor, providing the following accommodation and dimensions:
Ground Floor Takeaway: 68 sq m (732 sq ft)
Open plan retail, kitchen, storage, wc
First Floor Flat: 61 sq m (657 sq ft)
2 bedrooms, kitchen, living room, bathroom
Ground Floor Takeaway: 68 sq m (732 sq ft)
Open plan retail, kitchen, storage, wc
First Floor Flat: 61 sq m (657 sq ft)
2 bedrooms, kitchen, living room, bathroom
Tenancy Description
The takeaway is at present let to Miss Millies Fried Chicken Ltd for a term of 10 years from 29th June 2020 at a current rent of £13,000 p.a. and the lease contains full repairing and insuring covenants. Rent review on 29.06.25 open market upward only. No breaks.
The residential flat is at present let on AST to an Individual for a term of 6 Months from 23rd February 2024 at a current rent of £8,220 p.a. Deposit held of £650.
The residential flat is at present let on AST to an Individual for a term of 6 Months from 23rd February 2024 at a current rent of £8,220 p.a. Deposit held of £650.
Tenancies & Accommodation
Location Description
Bristol is a city straddling the River Avon in the southwest of England with a prosperous maritime history. Its former city-centre port is now a cultural hub. Totterdown is an inner-suburb of Bristol, England, situated just south of the River Avon and to the south-east of Temple Meads railway station and the city centre. The property is situated opposite Broadwalk Shopping Centre with occupiers nearby including Superdrug, Iceland, Poundland, Greggs, B&M and many more.
