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2-3 Bedminster Para 7,026 sq ft Retail Property Bristol BS3 4AQ £600,000 (£85.40/sq ft) 12% Net Initial Yield
EXECUTIVE SUMMARY
Desirable Freehold Gym Investment Opportunity.
The property comprises an attractive corner-terrace Grade II listed property arranged over ground and first floors. The property has been significantly improved by the tenant and provides a high quality modern gymnasium providing a variety of fitness equipment and training areas. A central entrance off Bedminster Parade leads to an open and bright ground floor which benefits from double height ceilings. The ground floor provides a reception area and smoothie bar, male and female changing and shower rooms, cardio machines, and two mezzanine floors providing a generous fitness suite/studio and fixed weight machine area.
A broad staircase (a retained period feature), grants access to the first floor which provides a dedicated weightlifting area, with further cardio machines on another mezzanine level. There is a separate ‘spin booth’ located towards the back of the room for spin classes.
The property comprises an attractive corner-terrace Grade II listed property arranged over ground and first floors. The property has been significantly improved by the tenant and provides a high quality modern gymnasium providing a variety of fitness equipment and training areas. A central entrance off Bedminster Parade leads to an open and bright ground floor which benefits from double height ceilings. The ground floor provides a reception area and smoothie bar, male and female changing and shower rooms, cardio machines, and two mezzanine floors providing a generous fitness suite/studio and fixed weight machine area.
A broad staircase (a retained period feature), grants access to the first floor which provides a dedicated weightlifting area, with further cardio machines on another mezzanine level. There is a separate ‘spin booth’ located towards the back of the room for spin classes.
PROPERTY FACTS Under Offer
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Size
7,026 sq ft
Costar Property Class
B
Year Built/Renovated
1914/2019
Price
£600,000
Price per sq ft
£85.40
Yield
12%
NOI
£72,000
Tenancy
Single
Number of Floors
2
Plot ratio
0.17
Total Plot Size
0.95 ac
AMENITIES
- 24 Hour Access
- Bus Route
- Security System
- Accent Lighting
- Storage Space
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- Luxe Fitness
- -
- -
- -
- -
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| Luxe Fitness | - | - | - | - |
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NEARBY MAJOR RETAILERS
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2-3 Bedminster Para
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