TESCO bRISTOL

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. With a top up to the next review of £54,000 pa. The next review is on 21 December 2024 RENT: £54,000 p.a. TENURE: Virtual Freehold - 999 Years Virtual Freehold at peppercorn Rent VAT IS: Applicable PRICE: Offers in excess of £765,000-6.7% net