Sold

Regent House, Consort House & Imperial Arcade, East Street, Bedminster, Bristol

South West

Dba289

Mixed Use
£5,000,000

Tenure: Freehold
Tenancy: Multi Let

Investment summary

• Multi let city centre retail and office investment with asset management opportunities.

• Core location adjacent to Asda Supermarket and the established East Street retail pitch.

• A popular suburb of Bristol that has witnessed a number of successful and high profile residential developments in recent years, including Airpoint, St Peters Court and The Robinsons Building totalling over 500 apartments.

• The property provides a total NIA of 92,104 sq ft, encompassing 81,524 sq ft of offices and 10,580 sq ft of retail accommodation.

• Surface car parking for 197 vehicles, providing an overall ratio of 1:467 sq ft.

• Opportunity to pursue asset enhancement strategy through lettings, rent reviews and lease re-gears.

• Significant potential residential development of Regent and Consort House (subject to planning), over a total of 81,524 sq ft NIA.

• The combined total income from eleven separate leases is £854,912 pa.

• We are seeking offers in excess of £5,000,000 (Five Million Pounds) exclusive of VAT subject to contract for the benefit of the freehold interest.

• An attractive Net Initial Yield of 16.16% after allowing for purchaser’s costs of 5.80%.

• A Gross Capital Value of only £54 per sq ft.

Contact us for further information
Telephone: +4420 7323 1010
Facsimile: +4420 7323 6600
Email: info@dbaprop.co.uk
Website: www.dbaprop.co.uk

Address:
DBA
91 Wimpole Street
London
W1G 0EF

Misrepresentation Clause

DBA Advisors Ltd for themselves, their Associated Companies, their employees and for the vendors or lessors of the properties whose agents they are give notice that:
1. All particulars or properties provided are given as a general outline only for the guidance of intending purchaser, lessee or tenant, and do not constitute, nor constitute part of, an offer or contract.
Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility on the part of David Baroukh Associates their Associated Companies, their employees and or the vendors or lessors as the case may be.
2. None of the statements contained in any particulars is to be relied upon as a statement or representation of fact.
3. Any intending purchaser or lessee or tenant should not rely on any particulars provided by us and must satisfy themselves by inspection or otherwise as to the correctness of each statement made in such particulars.
4. The vendor or lessor (as the case may be) do not make or give and neither DBA Advisors Ltd, their Associated Companies or any person in their employment have any authority to make or give any representation or warranty whatever in relation to any properties.