137 East St 695 SF 100% Leased Retail Building Bristol BS3 4EL $306,886 CAD ($441.56 CAD/SF) 9.09% Cap Rate

A mixed use investment property comprising a ground floor shop with a self contained, spacious, and very well presented 4 bedroom maisonette let as a House of Multiple Occupation. The shop has been recently let at £15,000pa on a new 5 year effectively fully repairing and insuring term, and the tenant is in the process of fitting out and replacing the retail frontage. The maisonette is currently let at approximately £575pcm per room)but we anticipate a market rent of £650pcm.
The property is therefore currently fully let producing £42,600pa but assuming the room rents are increased to market level, there is potential to increase the passing rent to £46,200pa.