Withdrawn
Withdrawn Prior
Sold Prior
Sold Prior
Sold
Sold Post
The property comprises a high yielding retail investment occupying a prime pedestrianised pitch in the heart of Bristol.
Arranged as a ground floor retail unit with ancillary upper parts to the first and second floors, the property is fully let to iSmash on a 10 year lease expiring 19.07.2027 with no breaks and paying £46,250 per annum.
The lease is on full repairing and insuring terms and includes a rent review in 2022 which remains outstanding, we therefore consider the property offers immediate asset management potential and opportunity to improve rents.
The property occupies a prominent pitch fronting the pedestrianised Broadmead, one of the principal retail streets in the heart of Bristol. The property therefore benefits from high footfall with an entrance to the Galleries Shoppng Centre immediately opposite. Nearby occupiers include Greggs, Vodafone, Tesco, Savers and Sainsburys.
Tenure
Leasehold - 125 year lease expiring 18.11.2109 (84 years unexpired) - Ground Rent of £2,340 p.a.
- Freeholder - Bristol City Council
Rent