Summary - 3, HIGH STREET BS35 2AE
1 bed 1 bath Shop
**Standout Features:**
- Prime retail investment location in Thornbury, BS35.
- Currently leased as a Jewellers; existing lease expires in April 2024.
- Three floors: ground floor retail space (approximately 26 sqm), first-floor office (5.03m x 4.69m), and second-floor workshop (7.8m x 4.69m).
- Total area approximately 97.5 sq m with a D energy rating.
- Freehold ownership with all mains services connected.
**Concerns:**
- Currently inside a 1954 Lease, which may present mortgage challenges due to limited lease duration.
- High crime rate in the local area; potential impact on foot traffic and overall security.
This mid-terrace retail property offers a rare opportunity for investors seeking commercial space in the vibrant town center of Thornbury. Spanning three floors, it blends traditional Georgian charm with functional layout; the ground floor currently accommodates a successful jewellers, providing excellent visibility on a busy high street. With surrounding amenities like banks, restaurants, and supermarkets just a stone’s throw away, this location thrives on foot traffic.
While the property has solid existing rental income at £14,500 per annum, potential buyers should note the lease expiration in April 2024 and the associated investment implications. The retail environment, although bustling, faces challenges like a high crime rate, which could affect long-term investment stability. This unique commercial space, complete with the opportunity for future expansion or renovation, invites those with a vision to capitalize on its potential while navigating its challenges. Don’t miss your chance to secure a foothold in this sought-after area—viewing is recommended at your earliest convenience.
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