The Chequers Lodge Rd
5,802 SF Retail Building Bristol BS15 1JA £950,000 (£163.74/SF) 5.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Future opportunities to develop the first floor and the outside circulation space, subject to planning
- Bristol is the UK’s 5th largest city and the capital of the South West.
- The tenant has recently not taken an option to break their lease
EXECUTIVE SUMMARY
The property comprises a large convenience store converted from a former public house in 2017. The conversion and refurbishment included a full program of internal and external works together with the latest corporate format for a Co-op food c-store.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Convenience Store
Building Size
5,802 SF
Building Class
B
Year Built
1867
Price
£950,000
Price Per SF
£163.74
Net Initial Yield
5.50%
NOI
£52,250
Tenancy
Single
Number of Floors
2
Building FAR
0.25
Lot Size
0.53 AC
Parking
0.47 Spaces per 1,000 SF Leased
Frontage
48 ft on Lodge Rd
1 of 1
NEARBY MAJOR RETAILERS
