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22a Griffin Rd 5,500 SF 82% Leased Flex Building Clevedon BS21 6HH $838,238 CAD ($152.41 CAD/SF) 7.31% Cap Rate
Investment Highlights
- Planning consent granted for 11 residential units (studios and flats)
- Freehold interest with guide price of £450,000
- Current rental income of £32,900 with scope to increase the rent
Executive Summary
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.
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.
Property Facts
| Price | $838,238 CAD | Building Class | B |
| Price Per SF | $152.41 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Rentable Building Area | 5,500 SF |
| Cap Rate | 7.31% | No. Stories | 2 |
| Tenure | Freehold | Year Built | 1980 |
| Property Type | Flex |
| Price | $838,238 CAD |
| Price Per SF | $152.41 CAD |
| Sale Type | Investment |
| Cap Rate | 7.31% |
| Tenure | Freehold |
| Property Type | Flex |
| Building Class | B |
| Lot Size | 0.18 AC |
| Rentable Building Area | 5,500 SF |
| No. Stories | 2 |
| Year Built | 1980 |
Amenities
- Commuter Rail
- Yard
Utilities
- Lighting
- Water
- Sewer
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
The property is available by way of flexible short term leases for a term of 2 years, the quoting rent is £7,500 per annum.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 981 SF | Office | Partial Build-Out | Now |
1st Floor
| Size |
| 981 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 981 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
The property is available by way of flexible short term leases for a term of 2 years, the quoting rent is £7,500 per annum.
1 1
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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22a Griffin Rd
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