Co-Op, Ashley Down - 327 -335 Gloucester Road, Ashley Down, Bristol BS7 8PE

Bristol, BS7 8PE

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Co-Op, Ashley Down - 327 -335 Gloucester Road, Ashley Down, Bristol BS7 8PE
Price £3,430,000
Rent (pa) £201,000
Yield 5.5%

Investment Summary

  • Prominent new build convenience store in desirable suburb of Bristol.
  • Bristol is located approximately 26 miles east of Cardiff, 77 miles southwest of Birmingham and 106 miles west of London.
  • Located on a busy main road in the retail core of Ashley Down, approximately 2 miles north of Bristol city centre.
  • Ashley Down is an affluent, family orientated area, made up of large period era housing.
  • New build convenience store with substantial car park providing spaces for 25 vehicles.
  • Well configured convenience store providing 10,690 sq ft across ground floor and first floor.
  • The tenant has taken occupation of the property following c.30 years trading in their existing premises adjacent.
  • Let entirely to Co-Op Group Food Limited
  • New FRI lease for a term of 15 years wef 14th November 2024, expiring 13th November 2039 (14.75 years unexpired)
  • Initial rent of £195,000 per annum (£18.24 psf).
  • Rent to be reviewed 5 yearly upwards only in line with CPI (1-3% cap and collar).
  • Instavolt let 2 parking spaces for a term of 25 years wef 14th November 2024, expiring 13th November 2049 (24.75 years unexpired).
  • Total rent of £201,000 per annum.
  • Freehold.
Town Bristol
Postcode BS7 8PE
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