investment for sale AWS
FOR SALE EXCITING FULLY LET INVESTMENT OPPORTUNITY 8 ALEXANDRA PARADE, WESTON SUPER MARE, BS23 1QS
EXCELLENT FREEHOLD INVESTMENT OPPORTUNITY 2 X GROUND FLOOR RETAIL UNITS WITH 1 X 2 BED SELF CONTAINED MAISONETTE ABOVE EXCELLENT LOCATION
LOCATION The property is located in an excellent position fronting onto Alexandra Parade in Weston Super Mare. The property is in close proximity to the town centre and nearby occupiers include a wide variety of successful local trading businesses as well as multiple operators such as Marks and Spencer, Barclays Bank and McDonalds. DESCRIPTION The property comprises 2 x ground floor retail units with 1 x two bed maisonette above. The property offers an excellent opportunity for an investor to purchase a mixed use property in a prominent position in Weston Super Mare. The ground floor occupies two separate self – contained units. The maisonette is accessed via a separate self – contained entrance and incorporates two bedrooms, a living room, a kitchen and a bathroom. ACCOMMODATION Burston Cook have measured the property on site and we can confirm that the property has the following approximate net internal area in accordance with The International Property Measurements Standard (1st Edition, May 2015):8 Alexandra Parade 8a Alexandra Parade First floor maisonette Second floor Total
234 sq ft 319 sq ft 489 sq ft 481 sq ft 1,523 sq ft
( 21.76 sq m) ( 29.66 sq m) ( 45.45 sq m) ( 44.70 sq m) (141.60 sq m)
TENURE The property is for sale freehold. TENANCIES Description 8 Alexandra Parade
Annual Rent £5,200
8a Alexandra Parade
£9,360
2 bed maisonette Total
£6,600 £21,160
Lease Terms Law Society lease Commencing 01/08/2017 Expiring 01/08/2018 Law Society lease Commencing 20/03/2014 Expiring 19/03/2024 Tenant break at year 5 Rent review at year 5 12 month tenancy from 01/07/2017
BUSINESS RATES As per the Valuation Office Agency database, we understand that the property has the following ratings assessment:8 Alexandra Parade Rateable Value
£7,200
8A Alexandra Parade Rateable Value
£14,250
QUOTING PRICE Price on application. VAT All prices quoted are exclusive of VAT if applicable. LEGAL COSTS Each party to bear their own legal costs incurred in respect of this transaction. Control of Asbestos at Work Regulations 2002 Under the Control of Asbestos at Work Regulations 2002 (CAW Regulations), the owner or tenant of the property, and any one else who has control over it and/or responsibility for maintaining or repairing it, may be under statutory obligation to detect and manage any asbestos or asbestos related compounds contained within the property. Failure to comply with the CAW Regulations is an offence and could adversely affect the value of the property. The detection of asbestos and asbestos related compounds is beyond the scope of Burston Cook expertise and accordingly: (1) Burston Cook makes no representation as to the presence or otherwise of any asbestos or asbestos related compounds in the property. (2) Burston Cook strongly recommends that prospective purchasers obtain advice from specialist environmental constants if they have any concerns about asbestos and asbestos related issues.
VIEWING AND FURTHER INFORMATION All enquiries strictly through the sole agents, Burston Cook. FAO: Tom Coyte MSc Tel: 0117 934 9977 Email: [email protected] SUBJECT TO CONTRACT
SEPTEMBER 2017
Control of Asbestos at Work Regulations 2002 Under the Control of Asbestos at Work Regulations 2002 (CAW Regulations), the owner or tenant of the property, and any one else who has control over it and/or responsibility for maintaining or repairing it, may be under statutory obligation to detect and manage any asbestos or asbestos related compounds contained within the property. Failure to comply with the CAW Regulations is an offence and could adversely affect the value of the property. The detection of asbestos and asbestos related compounds is beyond the scope of Burston Cook expertise and accordingly: (1) Burston Cook makes no representation as to the presence or otherwise of any asbestos or asbestos related compounds in the property. (2) Burston Cook strongly recommends that prospective purchasers obtain advice from specialist environmental constants if they have any concerns about asbestos and asbestos related issues.
EXCELLENT FREEHOLD INVESTMENT OPPORTUNITY 2 X GROUND FLOOR RETAIL UNITS WITH 1 X 2 BED SELF CONTAINED MAISONETTE ABOVE EXCELLENT LOCATION
LOCATION The property is located in an excellent position fronting onto Alexandra Parade in Weston Super Mare. The property is in close proximity to the town centre and nearby occupiers include a wide variety of successful local trading businesses as well as multiple operators such as Marks and Spencer, Barclays Bank and McDonalds. DESCRIPTION The property comprises 2 x ground floor retail units with 1 x two bed maisonette above. The property offers an excellent opportunity for an investor to purchase a mixed use property in a prominent position in Weston Super Mare. The ground floor occupies two separate self – contained units. The maisonette is accessed via a separate self – contained entrance and incorporates two bedrooms, a living room, a kitchen and a bathroom. ACCOMMODATION Burston Cook have measured the property on site and we can confirm that the property has the following approximate net internal area in accordance with The International Property Measurements Standard (1st Edition, May 2015):8 Alexandra Parade 8a Alexandra Parade First floor maisonette Second floor Total
234 sq ft 319 sq ft 489 sq ft 481 sq ft 1,523 sq ft
( 21.76 sq m) ( 29.66 sq m) ( 45.45 sq m) ( 44.70 sq m) (141.60 sq m)
TENURE The property is for sale freehold. TENANCIES Description 8 Alexandra Parade
Annual Rent £5,200
8a Alexandra Parade
£9,360
2 bed maisonette Total
£6,600 £21,160
Lease Terms Law Society lease Commencing 01/08/2017 Expiring 01/08/2018 Law Society lease Commencing 20/03/2014 Expiring 19/03/2024 Tenant break at year 5 Rent review at year 5 12 month tenancy from 01/07/2017
BUSINESS RATES As per the Valuation Office Agency database, we understand that the property has the following ratings assessment:8 Alexandra Parade Rateable Value
£7,200
8A Alexandra Parade Rateable Value
£14,250
QUOTING PRICE Price on application. VAT All prices quoted are exclusive of VAT if applicable. LEGAL COSTS Each party to bear their own legal costs incurred in respect of this transaction. Control of Asbestos at Work Regulations 2002 Under the Control of Asbestos at Work Regulations 2002 (CAW Regulations), the owner or tenant of the property, and any one else who has control over it and/or responsibility for maintaining or repairing it, may be under statutory obligation to detect and manage any asbestos or asbestos related compounds contained within the property. Failure to comply with the CAW Regulations is an offence and could adversely affect the value of the property. The detection of asbestos and asbestos related compounds is beyond the scope of Burston Cook expertise and accordingly: (1) Burston Cook makes no representation as to the presence or otherwise of any asbestos or asbestos related compounds in the property. (2) Burston Cook strongly recommends that prospective purchasers obtain advice from specialist environmental constants if they have any concerns about asbestos and asbestos related issues.
VIEWING AND FURTHER INFORMATION All enquiries strictly through the sole agents, Burston Cook. FAO: Tom Coyte MSc Tel: 0117 934 9977 Email: [email protected] SUBJECT TO CONTRACT
SEPTEMBER 2017
Control of Asbestos at Work Regulations 2002 Under the Control of Asbestos at Work Regulations 2002 (CAW Regulations), the owner or tenant of the property, and any one else who has control over it and/or responsibility for maintaining or repairing it, may be under statutory obligation to detect and manage any asbestos or asbestos related compounds contained within the property. Failure to comply with the CAW Regulations is an offence and could adversely affect the value of the property. The detection of asbestos and asbestos related compounds is beyond the scope of Burston Cook expertise and accordingly: (1) Burston Cook makes no representation as to the presence or otherwise of any asbestos or asbestos related compounds in the property. (2) Burston Cook strongly recommends that prospective purchasers obtain advice from specialist environmental constants if they have any concerns about asbestos and asbestos related issues.
