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1-3 Gloucester Rd 6,500 sq ft Retail Property Bristol BS7 8AA £1,900,000 (£292.31/sq ft) 6.32% Net Initial Yield
Investment Highlights
- Investment for sale
- Property is let to Waitrose Limited for an unbroken term of fifteen years from September 2025
- Very prominent former tram shed fronting Gloucester Road’s junction with Cheltenham Rd and Zetland Rd
Executive Summary
We are offering the unexpired term of a 999-year lease from 2002, at a peppercorn rent. Offers are invited in the region of £1.9 million, reflecting a yield of 6.32%.
The store is let to Waitrose on the basis of a new ten year lease form September 2025 at an annual rent of £120,000 pax.
The upper floors are occupied for residential and the freeholder will retain ownership of these floors.
Financial Summary (Actual - 2025) |
Annual | Annual Per sq ft |
|---|---|---|
| Gross Rental Income |
£120,000
|
£18.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£120,000
|
£18.46
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | £120,000 |
| Annual Per sq ft | £18.46 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | £120,000 |
| Annual Per sq ft | £18.46 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
Property Facts
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
-
- Retailer
- -
- -
- -
Waitrose & Partners began as a grocery business formed by Wallace Waite and Arthur Rose in the early twentieth century, and the brand name later emerged from the founders’ surnames. The company joined the John Lewis Partnership in the 1930s and has remained part of that employee-owned group ever since. Today, the business focuses on supermarket retail, online shopping and food services, alongside own-label ranges and branded partnerships across fresh food, grocery and convenience-led offerings. John Lewis Partnership describes Waitrose as a destination for shoppers seeking quality, service, sustainability and inspiration, with emphasis on trusted sourcing, animal welfare and regenerative farming practices.
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
|
|
Retailer | - | - | - |
Nearby Major Retailers
Presented by
1-3 Gloucester Rd
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