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89 East St 2,230 sq ft Retail Property Bristol BS3 4EX £125,000 (£56.05/sq ft)
Executive Summary
Freehold Investment Shop and Vacant Upper Parts
Situated on East Street, close to the amenities available in Bristol City Centre and travelling facilities including Bedminster Train Station. Victoria Park is also nearby.
A Terrace Shop and Upper Parts with accommodation arranged on Three Floors comprising:
Second Floor
Ancillary Accommodation
First Floor
Ancillary Accommodation
Ground Floor Shop
Retail Premises
Let on a five year lease to a company trading as Card Factory commencing 15th June 2022 to and including 14th June 2027 at £16,000 per annum.
Note 1: Planning Consent was previously granted by Bristol City Council on 17th July 2019 for the Conversion and Extension of Upper Floors of Existing Building to Provide Three Flats. This planning has now lapsed. Copies of the plans and consent are available for inspection. (Planning Reference: 19/00684/F).
Note 2: New proposed plans for a similar scheme have been drawn up and are included within the legal pack for planning to be pursued.
Producing: £16,000 per annum on the Ground Floor Shop let as shown and Vacant Possession of the Upper Parts.
Inspection:
By arrangement with the Auctioneers
EPC Rating
TBC
*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Guide prices will be continually updated on our website up until the day of the auction.
There is a buyers fee payable to McHugh & Co of £1,200 incl. VAT for lots sold over £10,000. Lots sold for less than £10,000 a buyers fee of £300 incl. VAT is to be paid to McHugh & Co.
The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.
Property Facts
Amenities
- Storage Space
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
-
- -
- 1,249 sq ft
- -
- Dec 2019
Card Factory is a UK-based retailer specializing in greeting cards, gifts and celebration products. The company was founded in 1997 in Wakefield by Dean and Janet Hoyle. Over time, it developed a vertically integrated model incorporating product design, manufacturing and distribution. Card Factory serves customers through a broad physical store network in the UK and Ireland and through online channels. The company has expanded its product range to include personalised cards, gift dressings and various celebration essentials. It is publicly traded on the London Stock Exchange under the ticker symbol CARD. Card Factory has pursued growth through a combination of store openings, digital expansion and select acquisitions, including the purchase of GettingPersonal.co.uk and other industry assets in recent years.
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
|
|
- | 1,249 sq ft | - | Dec 2019 |
Nearby Major Retailers
Presented by
Mchugh & Co
89 East St
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