109 Lower Redland Road, Redland

Lower Redland Road, Redland, Bristol BS6 6SW, UK
£475,000
  • Status: Sold
  • Tenure: Freehold
  • Property Type: Investment
  • Location: Redland
  • Offer type: For Sale , Sold

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Property Description

INVESTMENT CONSIDERATIONS:

  • Located in affluent area popular among students.
  • Ground floor retail unit let to a hairdresser who has been in occupation since 2003.
  • 4 bed maisonette let on AST leases for the full year to students with parental guarantees.
  • Total income £33,005 per annum.
  • Seeking offers in excess of £475,000 which shows a net initial yield of 6.64%.
  • Shop rent review not yet instigated.

LOCATION

Bristol is the 5th largest conurbation in the UK and capital of the South West, situated approximately 120 miles West of London, 88 miles South of Birmingham and 78 miles North of Exeter.

Excellent road communications are provided with the M5/M4 motorway interchange situated 4 miles North of the City Centre. The M32 motorway provides a fast link from the city centre to Junction 19 of the M4, 5.5 miles to the North East. The M48 and M49 motorways give access to South Wales via both Severn crossings.

SITUATION

The premises is situated on Lower Redland Road, just off Redland Road and is in close proximity to both Gloucester Road and in particular Whiteladies Road. Whiteladies Road is one of the main arterial routes into Bristol, linking the City Centre with the affluent suburbs of Clifton, Cotham and Redland.

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