The Avon Portfolio 5 Retail Properties Offered at £8,000,000 in Bristol

A Prime Mixed Use Student Investment Portfolio Situated in Bristol City Centre.
Offers are invited in excess of £8,000,000 (Eight Million Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a blended Net Initial Yield of 6.54%.
There is potential to improve the day one return to 6.90%, upon taking over operation of the student accommodation element.
Tenure: freehold.
The portfolio comprises 4 assets that comprise a total of 47 student beds and additional retail / leisure accommodation at ground floor level.
3 of 4 of the assets are situated in and around Clifton, Bristol’s most desirable district for HMO student accommodation.
GSHWI Ltd, a specialist Bristol based student operator, single let all 47 student beds on 4 separate leases expiring 31st August 2041, with the lease subject to a landlord only rolling break clause from the 1st August 2026 (upon 3 months notice).
The GSHWI Ltd leases are subject to both a base rent and an additional rent clause, projected to produce £348,662 for the 2025 to 2026 academic year.
The retail / leisure accommodation across the portfolio is let to both national and local occupiers, producing £209,500 per annum.
The 4 assets are projected to produce a total income of £558,162 for the 2025 to 2026 academic year.
Guaranteed reversion for the 2026 to 2027 academic year.
Opportunity to serve break notice on GSHWI Ltd and take operation of the student accommodation in house, realising significant reversion in the process.