Investment---Gloucester-Road,-Bristol
SOLD_Bristol

Status: Sold

Terms: Freehold

Price: £2,250,000

Yield: 7.00%

Units 1-5, Gloucester Road North, Bristol BS7 0SH

  • Prime 5 unit retail parade investment, fully let to established national brands
  • The property is prominently situated in the heart of Filton fronting the busy Gloucester Road North (A38)
  • Freehold
  • Providing 9,023 sq ft of recently developed retail accommodation (scheme completed December 2014)
  • Income secured against Wm Morrison Supermarket plc, Greggs plc, Papa John’s Pizza, Barnardo’s and a local Chinese operator
  • Average term to lease expiry circa 11.3 years, WAULT (to breaks) 9.3 years
  • Total income £167,500 per annum
  • Significant asset management potential

We are instructed to seek offers in excess of £2,300,000 (two million three hundred thousand pounds), subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 6.85% after purchaser’s costs of 6.3%.

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