Retail premises for sale in Alliance House, Baldwin Street, Bristol BS1

Key Points

Description

Prime Retail / Leisure Investment in Bristol City Centre

Five attractive retail/restaurant units totalling at 10,250 sq ft forming part of a new residential development of 44 apartments completed in 2021

An unrivalled Food and Beverage location in the centre of Bristol

Densely populated with students and offices providing both day and evening trade

Ground and basement retail/restaurant units 100% let generating £238,250 per annum

Tenants include; Tonkotsu, Rosa’s Thai and Bella Italia. The tenancies provide a awult of 11.2 years to expiry and 10.25 years to break

Long leasehold 999 years on a peppercorn with opportunity to buy the Freehold with the benefit of residential ground rents

The vendor is seeking offers of £3,315,000, (Three Million Three Hundred and Fifteen Thousand Pounds) exclusive of VAT and subject to contract.

A purchase at this level reflects a net initial yield of 6.75% assuming purchaser’s costs of 6.49%.

Location

Alliance House is situated on Baldwin Street, a lively and vibrant area of the city, benefitting from being both a cultural hub and thriving commercial centre point for students and professionals between King Street and Corn Street. The area has many student developments Including multiple Unite schemes (Waverley & Favell House) and Market Quarter Studios. There are approximately 1,000 beds within a 2 min walk of the subject. Baldwin Street is a popular leisure destination for late night F&B operators including Popworld, Tonight Josephine, Brew Dog and NQ64. It also provides independent food outlets offering a variety of global cuisines.