For Sale. Rare Freehold Retail Investment Bristol Queens Road, Clifton, BS8 1QE. ian. Rarely Available Freehold Retail Investment.

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1 For Sale Rare Freehold Retail Investment Bristol Queens Road, Clifton, BS8 1QE ian Rarely Available Freehold Retail Investment Prime location opposite the University of Bristol Affluent Clifton location Rebased rents, let to two tenants until 2024 and 2025, with tenant break options in 2019 and 2020 Current rent 56,500 per annum Offers are sought in excess of 712,000 reflecting a net initial yield of 7.5%, assuming normal purchaser s costs of 5.8% October 2015

2 Location Bristol is the 5 th largest conurbation in the UK and the South West s major commercial centre. The city is conveniently located with the M4/M5 intersection 4 miles to the north, the motorways provide access to London, the South West, South Wales and the Midlands. The city is consistently voted as one of the best places to live and work in the UK. Bristol has a strong banking and service sector with world class knowledge economy bases in Aerospace, Defence Engineering, ICT, Electronics, Financial Services, Media, Creative and Environmental industries. Bristol has an estimated population of 550,000 and a larger urban zone with an estimated 1.6 million residents. The city s two universities, the University of Bristol and the University of the West of England contribute to the skilled labour pool and Bristol accommodates approximately 60,000 students in total. Situation Clifton is an affluent and popular suburb lying approximately 1 mile to the north west of the city centre. Queens Road and Park Street form the core of Clifton and Bristol s retail offer to the north of the city centre. The property is located at the east end of Queens Road close to the junction with Park Street. The property is situated in a very busy position facing a traffic light controlled crossing and is directly opposite the landmark University of Bristol Wills Memorial Building. Neighbouring retailers include Carphone Warehouse, Body Shop, L Occitane, Subway, Caffe Nero and Pret A Manger who has recently expanded into their adjacent unit. In addition, both Waitrose and Sainsbury s have supermarkets nearby and restaurants in close proximity include Jamie s Italian, Browns and Pizza Express.

3 Description The property comprises two shop units arranged as sales on ground and first floor, with ancillary accommodation for food preparation and storage at basement level. Accommodation The property has been measured in accordance with the RICS Code of Measuring Practice (6 th Edition): 3 Queens Road Area Sq Ft Ground floor sales 312 Ground floor ITZA 288 First floor sales 324 Basement Queens Road Area Sq Ft Ground floor sales 292 Ground floor ITZA 274 First floor sales 282 Basement 210

4 Tenancy 3 Queens Road is let on an effective full repairing and insuring lease to Abderrahmane Hourizi (t/a Boulangerie) on a 10 year lease expiring 9 March 2025, incorporating an upward only rent review 10 March 2020, at a rent of 28,500 per annum. The tenant has an option to break 9 March The current passing rent equates to approximately psf ITZA. 5 Queens Road is let on an effective full repairing and insuring lease to South West Concept Ltd (t/a Crepe Affaire) on a 10 year lease expiring 2 November 2024, incorporating an upward only rent review 3 November 2020, at a rent of 28,000 per annum. The tenant has an option to break 3 November The current passing rent equates to approximately psf ITZA. The lease is outside the 1954 Act and the vendor holds a rent deposit of 8,400. The total passing rent is 56,500 per annum. Retail Commentary The properties are let off rebased rental levels equating to psf and psf ITZA respectively which are in line with a number of recent lettings nearby. Most notably the letting of 27 Queens Road to Pret A Manger at a rent reflecting 87 psf ITZA. Tenure Freehold. EPC The property has EPC ratings of E. Copies of the EPC certificates are available on request. VAT The property has been registered for VAT. The sale will be dealt with as a TOGC.

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6 Proposal We are seeking offers in excess of 712,000 (Seven Hundred and Twelve Thousand Pounds), subject to contract and exclusive of VAT, reflecting a net initial yield of 7.5% assuming normal purchaser s costs of 5.8%. Viewings and Enquiries For further information or to arrange an inspection of this property, please contact: Gemma-Jane Ogden Ian Lambert T: T: F: F: E: gemma-jane.ogden@htc.uk.com E: ian.lambert@htc.uk.com Hartnell Taylor Cook LLP for themselves and for the vendor or lessor of this property, whose agent they are, give notice that: These particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute part or whole of an offer or contract; All descriptions, dimensions, photographs, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but intending purchasers or lessees should not rely on them as statements or representations of fact and must satisfy themselves as to their correctness; No person in the employment of Hartnell Taylor Cook LLP has any authority to make or give any representation or warranty whatsoever in relation to this property or these particulars nor enter into any contract on behalf of the vendor or lessor; Unless otherwise stated, all prices, rents and other charges are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction; All plant, machinery, equipment, services and fixtures and fittings referred to in these particulars were present at the date of publication. They have not been tested and we give no warranty as to their condition or operation; No responsibility can be accepted for any expenses incurred by intending purchasers or lessees in inspecting properties that have been sold or withdrawn.