ADDRESSKent House, 31 - 35 Prince Street, Bristol, BS1 4PH
TYPEOther, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON2nd April 2025
Description
Kent House is a former office building converted into residential accommodation with commercial accommodation at basement level.
The property underwent a complete refurbishment and conversion in 2016.
The property is held through a long leasehold interest with a 150 lease from Bristol City Council from 31st July 2015. The passing rent is £5,166 per annum.
The ground and floors 2 to 4 are residential accommodation comprising 15 studio apartments from 21.5 sqm to 31.2 sqm.
The entirety of the residential accommodation is let to a serviced apartment business called Hopewell Short Lets Limited.
Hopewell pay a passing rent of £158,988 per annum which expires in April 2029. The rent is reviewed annually with fixed uplifts reflecting 2% pa.
The basement accommodation is used as an office by Langley House Mortgages with a passing rent £16,835 pa and an expiry 31/01/2028.
Location
Location:
Kent House, 31 - 35 Prince Street, Bristol, BS1 4PHGBBristol CityBS1 4PH31, Prince Street