266 ANCHOR ROAD, BRISTOL - BS1 5TT FOR SALE WELL SECURED LEISURE INVESTMENT - Savills
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
FOR SALE WELL SECURED LEISURE INVESTMENT
266 ANCHOR ROAD, BRISTOL
BS1 5TT
Key Highlights
• Bristol is the largest city in the South West of • Let to Grosvenor Casinos Ltd, D&B Rating
England 5A2
• Prominent location opposite Bristol • Rent passing of £125,000 per annum
Harbourside and various headquarter
• Offers are sought in the region of
buildings etc
£1,400,000
• Well regarded and longstanding business
• Attractive net initial yield of 8.4% which
• New 10 year lease equates to £70 psf as Capital Value
SAVILLS BRISTOL
Embassy House,
Queens Avenue, BS8 1SB
+44 (0) 117 910 2200
savills.co.uk
Location
Bristol is the largest city in the South West
of England with an estimated population of
c.467,000, this is further boosted each year
by a resident student population of c,10,000
between the city’s two universities. Bristol
is located 120 miles West of London and 80
miles South of Birmingham.
Bristol is very well connected by road (M4 &
M5 motorways), air (Bristol Airport) and rail
(two main line stations, with journey times
of between 1 hour and 1 hour 40 minutes).
Demographics
Bristol has a primary catchment population
of 467,000 people, with this figure expected
to reach 500,000 by 2031. The city is
currently 10th largest in the UK.
Bristol is home to both the University
of Bristol and the University of West of
England. The student population has
increased by 17% over the last five years.
Bristol is home to various major
company headquarter buildings with the
attractiveness of the city as a location to live
and work often being recognised in national
publications.
Leisure in Bristol
Ordnance Survey Crown Copyright 2021. All rights reserved.
The leisure market in Bristol is diverse in Licence number 100022432.
terms of offer and location. The city is Plotted Scale - 1:1250. Paper Size – A4
renowned as a location for new food, drink
and leisure ventures.
Clifton
Bristol is home to only two casinos with the
subject business having traded from this site City Centre
for over 20 years.
Situation
The property is located on Anchor Road
one of the main routes into Bristol City
Centre.
It is opposite Bristol Harbourside and
Millennium Square which is home to Harbourside
a headquarters of Lloyds Bank and
Hargreaves Lansdown stockbrokers. In
addition there are various retail and leisure
offerings, significant residential dwellings,
Millennium Square
two multi storey car parks and an Ibis Hotel.
There is also a Travelodge hotel in close
proximity.
SAVILLS BRISTOL
Embassy House,
Queens Avenue, BS8 1SB
+44 (0) 117 910 2200
savills.co.uk
Description
The building principally comprises two floors (Ground
and basement) with a small first floor. The main trading
elements are on the ground floor with staff welfare
facilities at first floor and ancillary accommodation in the
basement.
Accommodation
FLOOR SQ FT SQ M
Ground Floor 9,500 883
Basement 9,500 883
First Floor 900 84
TOTAL 19,900 1,850
Rental Analysis
The new rent of £125,000 per annum reflects an overall
rate of £11.37 per sq ft – applying £1.50 psf to basement
and £3 psf to the first floor.
Tenancy
There will be a new lease in place to Grosvenor Casinos
Limited for a new term of 10 years. The lease will be on
full repairing and insuring terms incorporating a tenant
only break option at the fifth year. There will be a rent
review at the fifth year to the current open market value.
The commencing rent is £125,000 per annum.
Accommodation
Grosvenor Casinos Limited (Company No. 00877080)
VAT
Grosvenor Casinos Limited was established in 1966 and
is the operating company of 52 casinos throughout the We understand the property has been elected for VAT.
UK. The company is an owned subsidiary of the Rank
Group PLC. EPC
C (72).
30/06/2020 30/06/2019 30/06/2018
(‘000S) (‘000S) (‘000S) Proposal
Turnover £180,977 £215,832 £218,692 We are instructed to seek offers in excess in the region
of of £1,400,000, subject to contract and exclusive of
Pre-Tax Profit £15,374 £3,457 £771 VAT, for our client’s freehold interest.
Net Worth £66,614 £61,293 £58,738 A purchase at this level would reflect a net initial yield of
8.4%, after allowing for purchasers costs.
D&B Rating: 5A2
Further Information
Tenure If you would like further information or to arrange an
The property is held on a freehold basis. inspection please contact:
Contact
Chris O’Mahony Paddy Hales
+44 (0) 117 910 2204 +44 (0) 117 910 2203
comahony@savills.com phales@savills.com
IMPORTANT NOTICE
Maps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence
number 100022432 Savills (UK) Ltd, published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.
Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation
to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for
any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as
statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance
only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other
consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
Designed and Produced by Savills Marketing: 020 7499 8644 | March 2021
You can also read
