16 18 & 20 Princess Victoria St, 25 & 27 Waterloo Street, Clifton Village, Bristol, City of Bristol, BS8 4BP

The freehold consists of a prominent corner Grade II listed building situated in a prime position on Clifton Village's main shopping street. The property comprises a terrace of three retail units on Princess Victoria Street and two retail units on Waterloo Street, all fully let on various commercial tenancies, with seven flats above.

The units benefit from ground-floor sales areas and office/staff facilities, with additional basement storage below. The flats are self-contained and accessed via Waterloo Street, just off Princess Victoria Street. Of the flats, four have been sold on long leasehold, two are currently vacant, and one is let on an AST agreement.

Location

The property is located in a prime position in Clifton Village, which is well renowned for its Georgian architecture, rich history, and high-end retail offering. The location is one of the most affluent areas of the city of Bristol and attracts residents, business owners, students, and young professionals.

For this reason, it has one of the highest house prices in the city and is therefore very popular with high-end independents and quality national operators. Such occupiers include Papersmiths, Pod, and Anna Cake Couture, with national operators Mint Velvet, Café Nero, Crew, and Tesco Express all occupying space in the locale.

The location also has a strong restaurant offering, with a wide selection of quality eateries dotted around the vicinity. Such restaurant operators include Cote, The Ivy, Bosco Pizzeria, and No. 4 Clifton Village. The location also benefits from its close proximity to Clifton Downs, the picturesque houses on Royal York Crescent, Clifton Arcade, and the world-renowned Clifton Suspension Bridge.

Clifton Village is also a short walk from Park Street and Clifton Triangle, which are home to Bristol University and numerous leisure occupiers based in the area. The location has good train links, with Whiteladies Road Station only a short walk from the property. There are also regular bus services from the street that link Clifton Village with the rest of the city.

Accommodation

All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition) on a net / gross internal basis.

Rent / Price

We are instructed to seek offers in the region of £1,900,000 which reflects a NIY of 6.50% after an allowance for purchaser's costs of 6.25%

Services

We understand that mains electricity, water and private drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.

EPC

16 Princess Victoria Street - C (60)
18 Princess Victoria Street - C (52)
20 Princess Victoria Street - D (87)
25 Waterloo Street - B (43)
27 Waterloo Street - C (57)

Legal Fees

Each party to be responsible for their own legal fees in relation to this transaction.

VAT

The property has been elected for VAT and therefore VAT will be charged on the price.