62 Lower Redland Rd
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62 Lower Redland Rd
6,409 SF 100% Leased Industrial Building Bristol BS6 6SS $2,287,021 ($357/SF) 6.83% Cap Rate
Investment Highlights
- Mixed use investment opportunity
- Income producing investment
- Sale contains a mixture of industrial and HMO investment
Executive Summary
A substantial mixed-use investment property occupying a site area ofapproximately 0.35 acres located in the heart of Redland. The site
comprises 3 large student flats (HMOs) to the front, with a number of industrial units to the rear. The site is fully let producing a gross annual rent of approximately £123,000pa although we consider all parts to be underlet and consider the market rent to lie in the region of
£155,000pa (based on £10-£12 per ft² for the industrial premises and £750pcm per student room). The industrial units also offer potential for future residential redevelopment, subject to obtaining the necessary planning consent and vacant possession.
comprises 3 large student flats (HMOs) to the front, with a number of industrial units to the rear. The site is fully let producing a gross annual rent of approximately £123,000pa although we consider all parts to be underlet and consider the market rent to lie in the region of
£155,000pa (based on £10-£12 per ft² for the industrial premises and £750pcm per student room). The industrial units also offer potential for future residential redevelopment, subject to obtaining the necessary planning consent and vacant possession.
Property Facts
| Price | $2,287,021 | Property Type | Industrial |
| Price Per SF | $357 | Lot Size | 0.26 AC |
| Sale Type | Investment | Rentable Building Area | 6,409 SF |
| Cap Rate | 6.83% | No. Stories | 1 |
| Tenure | Freehold | Year Built | 1990 |
| Price | $2,287,021 |
| Price Per SF | $357 |
| Sale Type | Investment |
| Cap Rate | 6.83% |
| Tenure | Freehold |
| Property Type | Industrial |
| Lot Size | 0.26 AC |
| Rentable Building Area | 6,409 SF |
| No. Stories | 1 |
| Year Built | 1990 |
Amenities
- Bus Line
- Courtyard
- Common Parts WC Facilities
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62 Lower Redland Rd
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