450-450A Wells Rd 1,371 SF 100% Leased Retail Building Bristol BS14 9AF $661,065 CAD ($482.18 CAD/SF) 6.81% Cap Rate

This mixed use property consists of a well positioned retail unit occupying the ground floor and basement, with a self-contained 1 bedroom flat located above. The property offers significant outdoor space, including a large forecourt to both the front and side, providing ample opportunity for use or further development. In addition, there is a convenient car park located at the rear, offering off street parking.
The property holds potential for future expansion, with the possibility to extend and create additional residential units, subject to the necessary planning consent. This offers an exciting opportunity for investors looking to maximize the property's value and rental income.
Currently, the property is fully let, generating an annual rental income of £24,180, with strong potential for increased rent at the conclusion of the lease term, both for the retail unit and the flat above. This presents a solid investment with the ability to enhance returns in the future.