Excellent investment opportunity in popular market town - currently let on long lease - comprising fish and chip shop with two bedroom flat over - let on twenty five year lease with fourteen years remaining - popular rank of shops with ample parking - current tenancy not affected
shop EPC - C - flat EPC - D
please note the asking price is subject to VAT
EXCELLENT INVESTMENT OPPORTUNITY IN POPULAR MARKET TOWN
CURRENTLY LET ON LONG LEASE
COMPRISING FISH AND CHIP SHOP WITH TWO BEDROOM FLAT OVER
LET ON TWENTY FIVE YEAR LEASE WITH FOURTEEN YEARS REMAINING
POPULAR RANK OF SHOPS WITH AMPLE PARKING
CURRENT TENANCY NOT AFFECTED
SHOP EPC - C - FLAT EPC - D
PLEASE NOTE THE ASKING PRICE IS SUBJECT TO VAT
Investment property situated on the edge of the bustling market town of Dursley which is midway between Gloucester and Bristol. The town is in the process of substantial growth with building in both Cam and Dursley centres. The High Street has a good range of local retailers including banks and building societies, estate agents, Boots the chemist, restaurants and Sainsbury's supermarket. The property is located between Dursley town and Cam village centres on the main road between the two centres having pull in area and parking, and is ideal for a takeaway and the property has been a thriving fish and chip shop for a number of years. The shop and flat are currently let to a long term tenant on a twenty five year lease which commenced in 2007, having approximately fourteen years remaining on a Full, Repairing and Insuring Lease. The ground floor shop has a large glazed frontage with two doors, preparation areas, storage, along with serving/shop area. On the first floor there is a separate two bedroom flat having rear pedestrian access via a metal external staircase. The property has a rear courtyard garden and vehicle parking and in addition there is a section of parking area to the front.
(Please note that our room sizes are quoted in metres to the nearest one hundredth of a metre on a wall to wall basis. The imperial equivalent (included in brackets) is only intended as an approximate guide).
5.82m x 4.35m (19'1" x 14'3") - Having frying counter, fully fitted large display window and two glazed doorways.
4.21m x 2.69m (13'10" x 8'10") - Opening to:
4.18m x 2.65m (13'9" x 8'8") - Leading to:
Accessed via external metal staircase giving access to:
4.3m x 3.1m narrowing to 2.45m (14'1" x 10'2" narrowing to 8'0") - Having door to rear, radiator. Opening to:
2.43m x 1.89m (8'0" x 6'2") - Having a range of wall and base units, stainless steel single drainer sink unit, gas boiler, electric cooker point.
Having wc, radiator, window to rear.
4.23m x 2.4m (13'11" x 7'10") - Having double glazed window to front, radiator.
3.29m x 3.3m (10'10" x 10'10") - Having radiator, double glazed window to rear.
There is a rear courtyard style garden with rear vehicle access. To the front of the property there is a further section of parking to the far side of the access road.
Lease: The property is let on a twenty five year lease which commenced on the 31st July 2007, approximately fourteen years remaining.
Current Rent: £19,760.00 plus VAT p.a on Full and Repairing Insuring lease.
Rent reviewed every third anniversary.
The current Landlord has not carried out a rent review since the initial letting, with next rent review due July 2019
By appointment with the owner's sole agents as over.
We may offer prospective purchasers' financial advice in order to assist the progress of the sale. Bennett Jones Partnership introduces only to Kingsbridge Independent Mortgage Advice and if so, may be paid an introductory commission which averages £128.00.
MISREPRESENTATION ACT 1967. Messrs. Bennett Jones for themselves and for the Vendors of this property whose agents they are, give notice that: All statements contained in their particulars as to this property are made without responsibility on the part of the Agents or Vendors. None of the statements contained in their particulars as to this property is to be relied on as a statement or representation of fact. Any intending purchasers must satisfy himself by inspection or otherwise as to the correctness of the statements contained in these particulars. The Vendors do not make or give and neither the Agents nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to this property.