Regent Street Kingswood, Bristol
£550,000

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Mixed Use Property In Popular Kingswood Location – Plenty of Passing Trade!
Well Presented and Ready to Earn - Business Unaffected
Ground Floor Retail Unit Trading As Well Enjoyed Micro Pub
Spacious Two Bedroom Apartment With Recently Refitted Kitchen
Versatile Ground Floor Store To The Rear – Currently Let and With Development Potential
Offered on One Freehold Title – Potential to Split
Generating £36,000 Per Annum - A Surely Sound Investment
Offered Fully Tenanted and Without Onward Chain!

MIXED USE INVESTMENT OPPORTUNITY WITH FANTASTIC EARNING POTENTIAL – POTENTIAL TO DEVELOP FURTHER WITH PLANNING SOUGHT! TLS Estate Agents are delighted to bring to the market this well presented mixed use property set within Kingswood’s High Street and benefiting from much passing foot traffic and major bus routes close by. The property comprises a ground floor retail unit which currently trades as a successful and popular micro pub, a spacious two bedroom apartment upstairs and a converted garage / store room currently utilised as an office and gym for a personal trainer. We are advised that the property generates some £36,000 per annum which is sure to be of interest to investors. There is potential to develop further, with planning previously granted to extend the rear store room / garage to create a two bedroom townhouse – which one complete will surely increase the income substantially.

Ground Floor Retail Unit

The ground floor retail unit is currently trading as a very popular and well attended micro pub. The property is well presented and benefits from a long term full internal repairing lease. The floor space extends to some 111 square meters (1194 square feet), with the property benefiting from good window frontage and rear access / store room. Please note that the business will be unaffected by the sale – and that all viewings are strictly by appointment only. The property holds a Non Domestic EPC with the rating C. The rateable value is £12,000 – the property therefore qualifies for small business rates relief.

First Floor Apartment

The apartment benefits from its own entrance to the rear of the building, and a long term tenant is in situ. The property is generally well presented, and recently had a new kitchen installed. The accommodation briefly comprises of entrance hall, large lounge, separate kitchen, two double bedrooms and bathroom with shower over bath. The property is notably spacious (65 square meters / 700 square foot), and perhaps with some minor alternations could form an HMO. It further benefits from gas central heating and double glazing. Viewings are strictly by appointment only. EPC Rating – E. Council Tax Band – A.

Rear Unit

To the rear of property sits a large garage and store room which is currently let to a personal trainer on a full internal repairing lease. We understand that this element of the property benefits from planning consent to create a two bedroom townhouse which will surely generate further yield once complete. Currently the unit comprises the main room, a useful office, kitchen and W.C. The unit measures some 36 square meters / 387 square foot.

Property Information

We are advised that this property is of a FREEHOLD tenure with no service charges or ground rent in force. The property is offered on just one title deed. EPC Ratings; Flat – E Ground Floor – C (anticipated)

VIEWINGS

Viewings are strictly by appointment only - please contact TLS to arrange your internal inspection.