Hengrove Leisure Park, Bristol
Price
£13,540,000
Description
• Major
asset enhancement opportunity in the UK’s 8th City.
• Bristol
has a Primary Catchment Population of 962,000 and 442,602 people live within a
20 minute drive time of the property.
• A
19.17 acre virtual freehold ownership granted by way of a 999 year long lease
from Bristol City Council with an existing site density of just 12.81%.
• The
scheme is fully let and the total passing rent of £1,084,129 pa represents an
affordable current average rent of £12.29 per sqft.
• WAULT
of 11.56 years and WAULT to tenants’ breaks of 6.28 years.
• Fully
let with 100% of the income secured to tenants with a Low Risk or Very Low Risk
Experian rating.
• Over
the short to medium term there is a fabulous opportunity to masterplan the
enhancement, intensification and redevelopment of the scheme to include a
multitude of alternative and complementary uses.
Net Initial Yield
7.50%