144 Whitehall Road, Bristol | Property for sale | Savills
Guide price £150,000(75,130 OMR)

144 Whitehall RoadBristol

  • New
  • Sole agency
  • Freehold

Key features

  • High Yielding Mixed-Use Investment
  • Retail Let to Coral Racing Limited (t/a Betfred)
  • Total Combined Rent - £18,450 per annum
  • Prominent Corner Pitch
  • Retail Unit and Residential Rear/Upper Parts
  • Residential Parts Let on AST
  • Asset Management Potential
  • Investment Let at £18,450 p.a. (12.3% GIY on Guide Price)

High Yielding, Mixed-Use, Investment Opportunity Retail Unit with Residential Fully Let to Two Tenants Including Betfred

About this property

  • The property comprises a high yielding, mixed-use, investment with evident asset management potential. Arranged as a ground floor retail unit, with rear/residential upper parts across ground and first floors, the property is fully let to two tenants. The ground floor retail unit is let to Coral Racing Limited (t/a Betfred) on a 10 year lease from 09/03/2012 and paying £9,540 per annum. The tenant is currently holding over and all rents are paid up to date. We understand the rent has not been reviewed. The rear and upper parts which comprise 144a Whitehall Road are arranged as a maisonette let to private individuals on an Assured Shorthold Tenancy (AST) from 07/02/2015 and paying £9,000 per annum (£750 PCM). We consider the property offers asset management potential via renewal of the leases and potential progression of rents. The property is situated in a popular Bristol suburb and occupies a prominent corner pitch with a return frontage to Victoria Parade. The residential element benefits from a rear parking space and self contained access from Victoria Parade. The area is characterised predominantly by residential uses with some retail.