22a Griffin Rd 5,500 SF 82% Leased Flex Building Clevedon BS21 6HH $817,442 CAD ($148.63 CAD/SF) 7.31% Cap Rate

A fantastic opportunity to acquire a multi let commercial office / industrial building in Clevedon. The property is fully let and income producing, and the property also provides
for an excellent development opportunity given that planning consent has already been granted for a change of use to residential. The property comprises a light industrial building with a modern part to the front and an older Victorian part to the rear. As existing, the property has three commercial tenants occupying the building for light industrial and office and consulting room uses. The building is generally arranged over ground and first floors. The property sits on a site of approximately 0.185 acres and we note the building has a gross internal area of approximately 5,500 sq ft. Planning consent has been granted for 11 small residential units (studios and flats) via Permitted Development Rights.