Property photos
Offers over
£950,000
(£163.43/sq. ft)
Retail premises for sale
Lodge Road, Bristol BS155,813 sq. ft
Local area information
Property location
Nearby amenities
- Two Mile Hill Primary School 0.3 miles
- Minerva Primary Academy 0.5 miles
- Lawrence Hill 2.2 miles
- Stapleton Road 2.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
Freehold well let convenience store investment opportunity.
Let to Co-operative Group Food Limited on assignment from Tesco Stores Limited.
Providing a total of 5,813 sqft (540.3 sqm.) over ground and first floors. Site area 0.53 acres, ample circulation space and on-site parking for up to 16 vehicles.
Future opportunities to develop the first floor and the outside circulation space, subject to planning.
20-year Fri lease from 7th March 2014 expiring 6th March 2034 (9.33 years unexpired). The tenant has recently not taken an option to break their lease.
Passing rent of £55,010 per annum which reflects a very low rate of £9.46 per sqft
5 yearly indexed upward-only rpi Reviews based upon 0% & 4% per annum.
Offers in excess of £950,000 subject to contract, for the freehold interest.
A purchase at this level reflects a net initial yield of 5.5%, subject to purchaser’s costs of 5.39% rising to 6.37%, assuming 3% per annum rpi growth.
Let to Co-operative Group Food Limited on assignment from Tesco Stores Limited.
Providing a total of 5,813 sqft (540.3 sqm.) over ground and first floors. Site area 0.53 acres, ample circulation space and on-site parking for up to 16 vehicles.
Future opportunities to develop the first floor and the outside circulation space, subject to planning.
20-year Fri lease from 7th March 2014 expiring 6th March 2034 (9.33 years unexpired). The tenant has recently not taken an option to break their lease.
Passing rent of £55,010 per annum which reflects a very low rate of £9.46 per sqft
5 yearly indexed upward-only rpi Reviews based upon 0% & 4% per annum.
Offers in excess of £950,000 subject to contract, for the freehold interest.
A purchase at this level reflects a net initial yield of 5.5%, subject to purchaser’s costs of 5.39% rising to 6.37%, assuming 3% per annum rpi growth.
More information
Listed by
Dangerfield Property
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