5 The Parade, Shirehampton, Bristol BS11 9TS
Barnett Ross Property AuctioneersBarnett Ross was formed in October 2002, drawing upon the combined 60 year's auction experience of John Barnett and Jonathan Ross, and immediately established itself as one of the largest independent auction houses in the U.K.
Read more Read moreLot 10 Freehold Retail Investment – Gross Yield 9.6% In the same family ownership for over 26 years 6 week completion SITUATION Located close to the intersection of Station Road and the High Street, near to such multiples as William Hill, Coral and Co-op Food along with a variety of local traders. Shirehampton is a popular residential suburb lying approx. 4 miles north-west of Bristol City Centre, enjoying good access to the M5 (Junction 18). PROPERTY Forming part of a retail parade, comprising a mid terrace Ground Floor Shop with Ancillary Accommodation at first floor level (see Note 1) . ACCOMMODATION Ground Floor Shop Gross Frontage 17'4" Internal Width 16'2" Shop Depth 34'5" Built Depth 39'6" First Floor Ancillary Office/Staff Kitchens/Storage Area Approx. 532 sq ft 2 WCs VAT is NOT applicable to this Lot FREEHOLD TENANCY The entire property is let on a full repairing and insuring lease to G. Thomas trading as Shirehampton Post Office for a term of 5 years from 25th March 2024 (in occupation for over 40 years) at a current rent of £11,500 per annum exclusive rising to £12,000 per annum on 25th March 2027 . Note 1: Part of the first floor has been sub-let at £4,000 p.a. to Dentex Clinical Ltd who occupy No. 6 The Parade (not included with the Freehold) and they have created an opening from No. 6 at first floor level. Note 2: No. 6 The Parade is also being offered for sale in this Auction – see Lot 11.
