2 Castle Street Thornbury Nr Bristol BS35 1HB

  • 2 Castle Street<br>Thornbury<br>Nr Bristol<br>BS35 1HB

2 Castle Street
Thornbury
Nr Bristol
BS35 1HB

Freehold Restaurant and Residential Investment

  • Comprises an Indian Restaurant with three, separately-accessed and separately let flats above
  • Restaurant let on renewed 5-year lease from January 2023 (No breaks)
  • Flats all let on AST's
  • Market town location north of Bristol
  • Nearby occupiers include Aldi, Co-op Convenience Store, Boots Pharmacy, Costa, Greggs and Domino's
  • Lot
    34
  • Auction
    9th May 2024
  • Rent
    £37,604 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail/Residential
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

Freehold Restaurant and Residential Investment

  • Comprises an Indian Restaurant with three, separately-accessed and separately let flats above
  • Restaurant let on renewed 5-year lease from January 2023 (No breaks)
  • Flats all let on AST's
  • Market town location north of Bristol
  • Nearby occupiers include Aldi, Co-op Convenience Store, Boots Pharmacy, Costa, Greggs and Domino's
  • Lot 34
  • Auction 9th May 2024
  • Rent £37,604 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail/Residential
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
14 miles north of Bristol, 23 miles south-west of Gloucester
Roads
A38, M5 (Junction 15), M4 (Junction 20), M48
Rail
Yate Railway Station
Air
Bristol Airport
Situation

The property is located on the eastern side of Castle Street in the heart of the town centre, close to its junction with High Street and The Plain. Nearby occupiers include Aldi, Co-op Convenience Store, Boots Pharmacy, Costa, Greggs and Domino's.

Tenure

Freehold.

Location
Miles
14 miles north of Bristol, 23 miles south-west of Gloucester
Roads
A38, M5 (Junction 15), M4 (Junction 20), M48
Rail
Yate Railway Station
Air
Bristol Airport
Situation

The property is located on the eastern side of Castle Street in the heart of the town centre, close to its junction with High Street and The Plain. Nearby occupiers include Aldi, Co-op Convenience Store, Boots Pharmacy, Costa, Greggs and Domino's.

Tenure

Freehold.

Description

The property comprises a ground floor restaurant with three, separately-accessed one bed flats arranged on the first and second floors, all let on AST's. The property benefits from a large rear garden.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC's will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor restaurant with three, separately-accessed one bed flats arranged on the first and second floors, all let on AST's. The property benefits from a large rear garden.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC's will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m (1)
Floor Areas
(Approx sq ft) (1)
Tenant Term Rent p.a.x.
Ground Restaurant
85.71
(822)
ROOBROO LTD 5 years from 03/01/2023
£12,500
First
(Flat 1)
Residential - 1 bed flat
38.00
(409)
AN INDIVIDUAL AST 1 year from 06/02/2012 at £622.05 pcm
£7,464.60
First
(Flat 3)
Residential - 1 bed flat
55.00
(592)
AN INDIVIDUAL AST 1 year from 25/02/2022 at £695 pcm
£8,340
Second
(Flat 2)
Residential - 1 bed flat
55.00
(592)
AN INDIVIDUAL AST 1 year from 24/02/2022 at £775 pcm
£9,300
Total  
233.71
(2,415)
   
£37,604.60

(1) Areas provided by VOA (www.gov.uk/find-business-rates).

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Brochure
    Updated Date
    10.05.24
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Henry JohnHenry John +44 (0)20 7034 4860 +44 (0)7876 884 320henry.john@acuitus.co.uk
Seller's Solicitors
Butcher & Barlow LLP 66 High Street
Runcorn
WA7 1AW
Andy MacKenzie 01928 576056amackenzie@butcher-barlow.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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