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8-9 Surrey Street
TENURE
For Sale
SIZE
2,142 sq ft
GUIDE £
Offers in excess of £360,000.00 Subject to contract and exclusive of VAT.
- Located in St Paul’s within Bristol City Centre a popular residential/student location just a brief walk from Bristol’s prime shopping district.
- Comprises a pub/bar on the ground and basement floors with a separately accessed 3 bedroom maisonette arranged over the upper floors.
- Freehold.
- Total GIA area of 2,142 sq ft.
- Fully let to Dead Soda Ltd and one assured shorthold tenancy producing a low passing rent of 20,400 pa.
- Potential rental income of 34,200 pa.
- We are instructed to seek offers in excess of 360,000 (Three Hundred and Sixty Thousand Pounds Only), subject to contract and exclusive of VAT. A purchase at this level reflects a low capital value of 168 per sq ft and equates to 5 45 net initial yield and a 9 14 reversionary yield based on an assumed reversion to 34 200 pa, assuming purchasers costs of 3.88%.
