Alliance House, Baldwin Street, Bristol

10,250 sq ft

Description

• Five attractive retail/restaurant units totalling 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 daytime and evening trade.
• Ground and basement units 100% let to Creditsafe low risk rated tenants producing a
total rent of £238,250 per annum.
• Tenants include; Tonkotsu, Rosa’s Thai and Bella Italia. The tenancies provide an AWULT of 10.55 years to expiry and 10.22 years to break.
• Rosa’s Thai and Tonkotsu are now fully fitted out and have been trading since September 2024.
• Total income £242,600 per annum (inc residential ground rents of £4,350 per annum).
• Freehold.

The vendor is seeking offers of £3,000,000, (Three Million Pounds) exclusive of VAT and subject to contract. A purchase at this level reflects a net initial yield of 7.6% assuming
purchaser’s costs of 6.45%.

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.

Total income £242,600 per annum

Location

Situated on Baldwin Street, a lively and vibrant area of the city, benefitting from being both a cultural hub and thriving commercial centre point for students and professionals between King Street and Corn Street.

Downloads

Alliance House.pdf

Specification

Originally built in 1881.
Recently redeveloped.

Team

Hollie Ruddle

Andrew Gibson

07834 449163
029 2024 8940