62 Lower Redland Rd
Bristol BS6 6SS
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Mixed use investment opportunity
- Income producing investment
- Sale contains a mixture of industrial and HMO investment
EXECUTIVE SUMMARY
A substantial mixed-use investment property occupying a site area ofapproximately 0.35 acres located in the heart of Redland. The site
comprises 3 large student flats (HMOs) to the front, with a number of industrial units to the rear. The site is fully let producing a gross annual rent of approximately £123,000pa although we consider all parts to be underlet and consider the market rent to lie in the region of
£155,000pa (based on £10-£12 per ft² for the industrial premises and £750pcm per student room). The industrial units also offer potential for future residential redevelopment, subject to obtaining the necessary planning consent and vacant possession.
comprises 3 large student flats (HMOs) to the front, with a number of industrial units to the rear. The site is fully let producing a gross annual rent of approximately £123,000pa although we consider all parts to be underlet and consider the market rent to lie in the region of
£155,000pa (based on £10-£12 per ft² for the industrial premises and £750pcm per student room). The industrial units also offer potential for future residential redevelopment, subject to obtaining the necessary planning consent and vacant possession.
PROPERTY FACTS
| Sale Type | Investment |
| Net Initial Yield | 6.83% |
| Tenure | Freehold |
| Property Type | Industrial |
| Lot Size | 0.26 AC |
| Rentable Building Area | 6,409 SF |
| Number of Floors | 1 |
| Year Built | 1990 |
AMENITIES
- Bus Route
- Courtyard
- Common Parts WC Facilities
