Alliance House, Baldwin Street, Bristol
10,250 sq ft
Description
Prime Retail / Leisure Investment in Bristol City Centre
Five attractive retail/restaurant units totalling at 10,250 sq ft forming part of a new residential development of 44 apartments completed in 2021
An unrivalled Food and Beverage location in the centre of Bristol
Densely populated with students and offices providing both day and evening trade
Ground and basement retail/restaurant units 100% let generating £238,250 per annum
Tenants include; Tonkotsu, Rosa’s Thai and Bella Italia. The tenancies provide a AWULT of 11.2 years to expiry and 10.25 years to break
Long leasehold 999 years on a peppercorn with opportunity to buy the Freehold with the benefit of residential ground rents
The vendor is seeking offers of £3,315,000, (Three Million Three Hundred and Fifteen Thousand Pounds) exclusive of VAT and subject to contract.
A purchase at this level reflects a net initial yield of 6.75% assuming purchaser’s costs of 6.49%.
Five attractive retail/restaurant units totalling at 10,250 sq ft forming part of a new residential development of 44 apartments completed in 2021
An unrivalled Food and Beverage location in the centre of Bristol
Densely populated with students and offices providing both day and evening trade
Ground and basement retail/restaurant units 100% let generating £238,250 per annum
Tenants include; Tonkotsu, Rosa’s Thai and Bella Italia. The tenancies provide a AWULT of 11.2 years to expiry and 10.25 years to break
Long leasehold 999 years on a peppercorn with opportunity to buy the Freehold with the benefit of residential ground rents
The vendor is seeking offers of £3,315,000, (Three Million Three Hundred and Fifteen Thousand Pounds) exclusive of VAT and subject to contract.
A purchase at this level reflects a net initial yield of 6.75% assuming purchaser’s costs of 6.49%.
BUILDING HIGHLIGHTS
An unrivalled Food and Beverage location in the centre of Bristol
Densely populated with students and offices providing both day and evening trade
Tenants include; Tonkotsu, Rosa’s Thai and Bella Italia. The tenancies provide a AWULT of 11.2 years to expiry and 10.25 years to break
Ground and basement retail/restaurant units 100% let generating £238,250 per annum
£3,315,000
