REVERSIONARY GROUND RENT INVESTMENT
6 Week completion
Occupying a prominent trading position in this busy shopping parade amongst a variety of local and multiple traders including Iceland, The Co-Operative Food, Martin's and Greggs all serving the surrounding residential suburb which lies approx. 5½ miles from Bristol City Centre.
Bristol is a major commercial and financial centre with fast links to the M4 and M5 lying some 12 miles north-west of Bath and 35 miles west of Swindon.
A mid terrace building comprising a Ground Floor Shop with separate rear access via a communal staircase to a Self-Contained Flat on the first and second floors.
In addition, there is a rear External Store and Parking for 1 car which is accessed from Machin Road.
VAT is NOT applicable to this Lot
Ground Floor Shop
Gross Frontage 18'2"
Internal Width 16'10"
widening to 17'5"
Shop Depth 38'3"
Built Depth 45'0"
Store Area Approx. 33 sq ft
Area Approx. 310 sq ft
First and Second Floor Flat
The entire property is let on a full repairing and insuring lease to St Peter's Hospice Limited for a term of 99 years from 25th March 1954 at a current rent of £61.50 per annum exclusive.
Valuable Reversion in approx. 35 years
Note: The flat is sub underlet for 99 years (less 3 days) from 25th March 1954 at a ground rent of £30 per annum.