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43 Victoria St 550 SF 100% Leased Retail Building Bristol BS16 5JP $193,197 ($351.27/SF) 8.07% Cap Rate

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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
Building Size
550 SF
Year Built
1960
Price
$193,197
Price Per SF
$351.27
Cap Rate
8.07%
NOI
$15,589
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.04 AC
Parking
1 Spaces (1.82 Spaces per 1,000 SF Leased)
Frontage
20’ on Victoria Street

AMENITIES

  • Bus Line

NEARBY MAJOR RETAILERS

Snap Fitness 24/7
Tesco
Iceland
Co-op
Morrisons
Sainsbury's
Lounges
Lidl
Coffee #1
Costa Coffee
  • Listing ID: 31528722

  • Date on Market: 4/17/2024

  • Last Updated:

  • Address: 43 Victoria St, Bristol BS16 5JP

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