This property is no longer on the market
Commercial development
Property description & features
- Gym let at £30,000pa
- Cafe to be let at £24,000pa
- Close to Bristol Temple Meads
The Gym is let at £30,000pa and lease terms have recently been agreed for the Cafe at £24,000pa on a new 15 year effectively full repairing and insuring basis. I.e a potential gross rent of £54,000pa.
Description - Commercial investment comprising a self contained cafe/bar (previously let to The Loungers Group) of approximately 1,500 sq ft with additional beer cellar. Terms have recently been agreed for a new 15 year term at £24,000pa (plus service charge).
The gym provides approximately 3,125 sq ft with additional outside store and is let at £30,000pa (plus service charge).
We understand vacant possession of the gym may be available if required.
Location - Situated on the junction of Wells Road and St John's Lane within close proximity of Tesco Express.
101-104 Wells Road - Let to an individual trading as the Totterdown Gym 15 year term from July 2012 at a current rent of £30,000pa on an internal repairing and insuring term subject to service charge. The lease is subject to a tenant break option and rent review in July 2022. We understand there is a possibility vacant possession could be requested if required.
107 Wells Road - Previously let to The Loungers Group, terms have recently been agreed to a new tenant for a term of 15 years at a rent of £24,000pa (plus service charge), subject to a 5 yearly rent review and tenant break option. 6 Months deposit has been agreed and a 6 months initial rent free period.
Floor Plan - The floor plan is provided for indicative purposes only and should not be relied upon. The internal layout has changed since the production of the floor plan.
Energy Performance Certificate - 103-105 Wells Road Rating: TBC
107 Wells Road Rating: E
Viewing - Strictly by appointment with Maggs and Allen only
Business Rates - The rateable value with effect from April 2010 is £17,500 for the Cafe and £16,250 for the Gym demise.
Vat - All figures quoted are exclusive of vat unless otherwise stated.
Control Of Asbestos - As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.
Maggs & Allen use all reasonable endeavours to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.
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