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Slug & Lettuce, 26-28, St. Nicholas Street, Bristol, BS1 1UB
16,543 Sq Ft / Leisure
Withdrawn - Last updated: 12 April 2023
Summary
Leisure Investment Opportunity
Investment Summary
- Prominent position in Bristol City Centre.
- Established leisure location.
- Arranged over four floors totalling 16,543 sq ft (1,536.88 sq m) with three 1 bedroom flats.
- Freehold.
- Let to strong covenant Stonegate Pub Company Ltd until 25th June 2033.
- Net income of £130,000 per annum.
- Offers are sought in excess of £2,000,000 (Two Million Pounds) subject to contract and exclusive of VAT.
- A purchase at this level reflects an attractive Net initial yield of 6.12%, after allowing for purchaser’s costs of 6.28%.
Situation
The property is situated on St Nicholas Street in the historic heart of the City Centre. The central area of St Nicholas Street/Corn Street/Clare Street/Baldwin Street forms one of the most popular leisure locations for student and young professionals due to the proximity to the universities, convenience retail and a wide variety of restaurants and bars. Nearby occupiers include The Cosy Club, Revolution (bar), Brewdog Bar, Tesco Express, The Ox, Pizza Express, San Carlo and Walkabout.
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