FOR SALE
03/07/25
2958
18339505 / Rightbiz
A ground floor commercial office with rear storage unit approximately 896 sqft, the property benefits from a newly fitted kitchenette and secure roller shutter. The property is available to let on a new full repairing and insuring lease.
LOCATION
The property is situated on South Liberty Lane, Bedminster, within close proximity to Winterstoke Road and Bedminster Down Road.
LEASE DETAILS
The shop is available to let on a new full repairing and insuring basis. Each party to incur their own respective legal fees.
BUSINESS RATES
The rateable value with effect from April 2023 is £3,550. We therefore would expect those eligible for small business relief to benefit from 100% exemption at this time. However, we advise all interested parties to confirm directly with the local authority.
ENERGY PERFORMANCE CERTIFICATE (EPC)
EPC rating: E (valid until October 2028).
FLOOR PLAN
The floor plan is provided for indicative purposes only and should not be relied upon.
VAT
All figures quoted are exclusive of VAT unless otherwise stated.
VIEWINGS
By appointment with Maggs & Allen.
TENANT APPLICATION FEE
The ingoing tenant will be charged an application fee of £300 plus VAT (£360 inc VAT) towards the costs incurred in undertaking appropriate credit and reference checks. Accounts will be requested where available and a deposit and/or personal guarantee may be required.
CONTROL OF ASBESTOS REGULATIONS
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.
CODE FOR LEASING BUSINESS PREMISES
We advise all interested parties to refer to the RICS Code for Leasing Business Premises, link available via our website.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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