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AGENT'S DETAILS


Freehold Retail Investment Let to Tesco Stores Limited - Bristol-Let to Dec 2029, with no breaks

For sale: POA|3455 Sq Ft|General Retail, Retail

PROPERTY DETAILS

FOR SALEPOA
SIZE3455 Sq Ft
ADDRESSTesco, 142 Cheltenham Road, Bristol, City of Bristol, BS6 5RL
TYPEGeneral Retail, Retail
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON1st July 2020

DESCRIPTION

ADDRESS: 138-142 Cheltenham Road, Bristol, BS6 5RR
• Prominent Location close to Bristol city centre • Let to Tesco Stores Limited for 20 years to
21 December 2029, with all breaks removed
LOCATION / SITUATION
Bristol is a thriving west country city with an estimated population of approximately 1,070,000 residents. The property itself is situated on the east side of Cheltenham Road towards its junction with Bath Buildings to the north. Numerous shops and facilities are available along Cheltenham Road. Bristol city centre is located approximately 1 mile to the south and provides an extensive range of shopping facilities. The University of Bristol and Bristol Royal Infirmary are within close proximity. The M4 Motorway is accessible to the north east at J19 and Bristol Temple Meads railway station is approximately 1.7 miles away.
DESCRIPTION
The property comprises three mid terrace buildings arranged over ground and three upper floors. The property is internally arranged to provide a triple fronted ground floor shop unit. To the rear of the property there is a rear yard with vehicular access from Picton Street.
ACCOMMODATION:
Ground Floor : 3,455 Sq. Ft.
TENANCY
Ground floor lock up shop of 3455 Sq. Ft. let to Tesco Stores Limited-company no 519500- on a 20 year FRI lease commencing 21 December 2009, with 5 year upward only RPI reviews, at a current rent of £46,660 pa.
RENT: £46.660 p.a.
TENURE: Virtual Freehold - 999 Years Virtual Freehold at peppercorn Rent
VAT IS: Applicable–
PRICE: Offers in excess of £675,000-6.5% net

LOCATION

Location: Tesco, 142 Cheltenham Road, Bristol, City of Bristol, BS6 5RL

Montpelier (0.2 miles)

Redland (0.4 miles)

Clifton Down (0.9 miles)

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