For Sale 65a & 65b Whiteladies Road, Clifton, Bristol BS8 2LY. Retail and Residential Investment Opportunity

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1 For Sale 65a & 65b Whiteladies Road, Clifton, Bristol BS8 2LY Retail and Residential Investment Opportunity

2 65a & 65b Whiteladies Road, Clifton, Bristol BS8 2LY 02 Investment Summary Freehold mixed use investment opportunity located in affluent suburb of Clifton Desirable location on the popular Whiteladies Road Within close proximity of the Clifton Triangle Ground floor retail unit let to Fired Earth Limited at a rent of 23,000 per annum until December 2016 First floor residential accommodation let at 14,760 per annum Total passing rent of 37,760 per annum Offers in excess of 550,000 reflecting an overall net initial yield of 6.5% (8.0% on the retail element) assuming purchaser s costs at 5.8%.

3 65a & 65b Whiteladies Road, Clifton, Bristol BS8 2LY 03 Location and Situation Location Situation Bristol is the commercial capital of the south west of England. It is located approximately 120 miles west of London, The property is situated in a prominent location at the junction of Whiteladies Road and Aberdeen Road in the desirable and affluent area of Clifton. Clifton is 80 miles south of Birmingham and 40 miles to the east of Cardiff. approximately 1.5 miles from the City Centre and this area is popular with young Bristol benefits from excellent road communications with the M4, M5 interchange situated to the northwest of the professionals, families and students alike. The property is within very close proximity city providing access to the remainder of the motorway network. Bristol benefits from two mainline rail stations, with of The Clifton Triangle and BBC Broadcasting House. regular services to London Paddington. Whiteladies Road is an established neighborhood retailing location occupied by The Bristol and Bath region is one of Europe s fastest growing sub-regions and Bristol has been voted as the European a range of local businesses including bars, restaurants, hairdressers, convenience Green Capital for The city is consistently voted as one of the best places to live and work in the UK. Residents stores and estate agents. benefit from the mix of successful local and national employers and the thriving cultural scene.

4 65a & 65b Whiteladies Road, Clifton, Bristol BS8 2LY 04 Description and Accommodation Description The property comprises a two storey building on the corner of Whiteladies Road and Aberdeen Road. 65a Whiteladies Road is a well fitted out ground floor retail unit. The ground floor retail space totals approximately 1,250 sq ft with an ITZA of 647 sq ft. The unit has a small kitchen area, WC and storage space. 65b Whiteladies Road is a first floor flat, above the retail unit. The flat has a kitchen/dining area, one bathroom and three other rooms that are currently used as bedrooms. We understand the ground floor currently has A1 consent and the first floor use is residential. Accommodation The retail unit comprises the following approximate net internal floor areas: Tenure Freehold EPC EPC s can be provided on request. VAT We understand the property is elected for VAT, however, anticipate the sale will be treated as a Transfer of a Going Concern (TOGC). Tenancy Floor ft 2 m 2 Ground 1, ITZA Total 1, The ground floor retail premises are let to Fired Earth Limited at a rent of 23,000 per annum. Fired Earth took a five year lease from 2011 and the current lease expires in December 2016, giving just over 2 years unexpired lease term. Fired Earth was established in 1983 and specializes in the retail marketing and distribution of hand-made ceramic tiles, interior finishes and home fashions. Covenant financial information can be provided on request. The first floor residential flat is currently let at an annual rent of 14,760 per annum. The total rent from the property is circa 37,760 per annum. *Red Line plan above is for indicative purposes only.

5 65a & 65b Whiteladies Road, Clifton, Bristol BS8 2LY 05 Contact and Viewing Arrangements Proposal We are seeking offers in excess of 550,000 (Five Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect an overall net initial yield of 6.5% (8.0% on the retail element) assuming purchaser s costs at 5.8%. Viewing Arrangements For further information or to arrange an inspection please contact the sole agents. Alder King Property Consultants Pembroke House 15 Pembroke Road Clifton Bristol BS8 3BA Oli Stretton ostretton@alderking.com Lucy Round lround@alderking.com SUBJECT TO CONTRACT & EXCLUSIVE OF VAT OJS/LR/October2014/ Important: Alder King for themselves and for the vendors of this property, whose agents they are, give notice that: 1. The particulars contained herein are for guidance purposes only and do not constitute either part or whole of an offer or contract. 2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact, and must satisfy themselves as to their correctness. 3. No person in the employment of Alder King has any authority to make or give any representations or warranties whatsoever in relation to these properties. 4. No responsibility can be accepted for expenses incurred by intending purchasers in inspecting and considering the properties which are offered. Under the Control of Asbestos Regulations 2006 (CAR 2006), the owner or tenant of the property, and anyone else who has control over it and/or responsibility for maintaining or repairing it, may be under a statutory obligation to detect and manage any asbestos or asbestos related compounds contained within the property. Failure to comply with the CAR 2006 is an offence and could adversely affect the value of the property. The detection and management of asbestos and asbestos related compounds is beyond the scope of our expertise and does not form part of the services that we have agreed to provide in respect of the property. Accordingly: 1. Alder King do not accept any responsibility for, and you should not place any reliance on us in respect of, the detection and/or management of any asbestos and/or asbestos related compounds contained in the property. 2. We strongly recommend that you obtain advice from specialist environmental consultants in respect of asbestos related issues.