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43 Victoria St 550 sq ft 100% Let Retail Property Bristol BS16 5JP £145,000 (£263.64/sq ft) 8.07% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Close to Staple Hill High Street
- Good Display Frontage
- Established Retail Parade
EXECUTIVE SUMMARY
The shop is let on a new 7 year effectively fully repairing and insuring term, at a rent of £11,700pa. the lease is subject to a annual RPI rent increase and a tenant break clause on the 27th March 2027 (3 year). The lease is subject to a deposit of £1,950 and there director's guarantee. Whilst the garden is not included in the title offered for sale, the tenant has the right to use the rear garden between the hours of 10am and 9.30pm.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Size
550 sq ft
Year Built
1960
Price
£145,000
Price per sq ft
£263.64
Yield
8.07%
NOI
£11,700
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.35
Total Plot Size
0.04 ac
Parking
1 Spaces (1.82 Spaces per 1,000 sq ft Leased)
Frontage
20 ft on Victoria Street
AMENITIES
- Bus Route
1 1
NEARBY MAJOR RETAILERS
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43 Victoria St
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