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43 Victoria St

550 SF Retail Building Bristol BS16 5JP £145,000 (£264/SF) 8.07% Net Initial Yield

Investment Highlights

  • Close to Staple Hill High Street
  • Good Display Frontage
  • Established Retail Parade

Executive Summary

The shop is let on a new 7 year effectively fully repairing and insuring term, at a rent of £11,700pa. the lease is subject to a annual RPI rent increase and a tenant break clause on the 27th March 2027 (3 year). The lease is subject to a deposit of £1,950 and there director's guarantee. Whilst the garden is not included in the title offered for sale, the tenant has the right to use the rear garden between the hours of 10am and 9.30pm.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Building Size
550 SF
Year Built
1960
Price
£145,000
Price Per SF
£264
Net Initial Yield
8.07%
NOI
£11,700
Tenancy
Single
Number of Floors
1
Building FAR
0.35
Land Acres
0.04 AC
Parking
1 Space (1.82 Spaces per 1,000 SF Leased)
Frontage
20 ft on Victoria Street

Amenities

  • Bus Route

Nearby Major Retailers

Tesco
Snap Fitness 24/7
Iceland
Co-op Food
Sainsbury's
Lounges
National Westminster Bank Plc
Coffee #1
Lidl
Costa Coffee
  • Listing ID: 31528722

  • Date on Market: 17/04/2024

  • Last Updated:

  • Address: 43 Victoria St, Bristol BS16 5JP

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