Features
- Freehold
- Located just off of Whiteladies Road
- Office Accomodation
- Rear Courtyard
- Residential Accomodation
- Retail Accomodation
Property Description
Investment property for sale Bristol
DESCRIPTION
The property comprises a ground floor lock up retail unit, ground floor rear office and two further floors of residential accommodation. There is a small courtyard/garden to the rear of the premises demised to the office. We understand that mains services are connected to the property.
SITUATION
The property is prominently located within the highly sought after established secondary retail parade of Cotham Hill, which connects to the busy and affluent residential suburbs of Clifton and Redland, and offers close links to Whiteladies Road and Gloucester Road. Nearby occupiers include a mix of national chains and independent retailers.
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.
PROPOSAL
We have been instructed to seek offers in excess of £900,000 (nine hundred thousand pounds) subject to contract. This reflects a net initial yield of approximately 6.18% after allowing for costs of 5.33%.
EPC
The property has been assessed with the following ratings (EPCs available upon request):
Ground Floor Retail – D (84)
Ground Floor Rear Office – E (105)
Middle Floor Flat – E (39)
Middle Floor Flat – D (59)
Top Floor Flat – D (65)