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%.
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
