29-33 Princess Victoria Street, Clifton, Bristol BS8 4BX

A trophy property in the heart of the affluent and highly sought after Bristol district of Clifton has been acquired by West End Investments advised jointly by Sanderson Weatherall and M&P Property Consultants.

The property comprised a restaurant let to Zizzi Restaurants until 2036, a coffee shop let to Coffee #1 until 2026 and fourteen student let flats in the upper floors let on a single lease until 2035.  The total passing rent was £261,358 per annum.

Clifton Village is an upmarket retailing district with a wide range of independent retailers, bars and restaurants.  Multiple retailers nearby include Waterstones, Farrow & Ball, Mint Velvet and Crew clothing. This was a rare opportunity to acquire a substantial property in Clifton which led to the selling agents, Hartnell Taylor Cook, receiving over 20 offers from high net worth investors, property companies, private pension funds and family trusts.

The purchase price was £5.40 million, which reflected a net initial yield of 4.54% after allowing for standard purchase costs.