The city of Bristol is the regional capital of the South West and is located approximately 192 km (120 miles) west of London, 136 km (85 miles) south of Birmingham and 64 km (40 miles) east of Cardiff.

The city benefits from first class road communication being situated at the intersection of the M4 and M5 Motorways providing direct links to London, Birmingham and Cardiff as well as various destinations throughout the South West.

Bristol has two main railway stations located in the city centre and in the north of the city which are Bristol Temple Meads and Bristol Parkway respectively. Both stations provide regular daily services to major cities throughout the country; Cardiff Central can be reached in under 1 hour, Birmingham New Street within approximately 1 hour 25 minutes, London Paddington within approximately 1 hour 45 minutes and Manchester Piccadilly within approximately 3 hours

Bristol was recently voted the best city to live in Britain 2017 by the Sunday Times based upon data combining crime rates, house prices and school performance. The city has benefitted significantly from retaining and attracting businesses creating a diverse employment base for the banking, finance and insurance sectors. Bristol also has growing professional sector and in recent years has seen notable companies relocate operations to the city including the Ministry of Defence Equipment & Support, Hewlett Packard National Research Laboratories, Friends Life, Lloyds Bank National Debt Recovery, Rolls Royce, Airbus and the BBC.

The property was constructed during the 1960’s and forms part of a three storey purpose built retail block. The interest for sale comprises of two retail units arranged over ground, mezzanine, first and second floors.

No 44 The Horsefair has recently benefitted from a comprehensive refurbishment by the tenant and comprises a premium hair dressing salon and training academy trading as The Hair and Beauty Bank. This property is an expansion for the tenant who has sucessfully traded nearby on The Horsefair for some 6 years. 

No. 46 The Horsefair trades as Cosmetics Republic who are well established specialising in hair and beauty cosmetics including wigs, hair extensions, make up and a comprehensive range of accessories.

The property is let as follows;

44 The Horsefair is let to HBB Training Academy Limited (Co. No. 10552141) t/a The Hair and Beauty Bank on a Full Repairing and Insuring lease for a term of 5 years from 23rd February 2017 expiring on 22nd February 2022 at a commencing rent of £35,000 per annum. The annual rent over the term of the lease is as follows;

• Year 1 - £35,000

• Year 2 - £35,000

• Year 3 - £37,500

• Year 4 - £40,000

• Year 5 - £45,000

The rent commencement date is 23rd November 2017.

46 The Horsefair is let to Mr. A Hussein t/a Cosmetics Republic on a Full Repairing and Insuring lease for a term of 10 years without break options from 3rd September 2013 expiring on 2nd September 2023. The current passing rent is £52,000 per annum and the lease benefits from an upwards only rent review at the expiration of the 5th year.

Therefore, the total current passing rent is £87,000 per annum.

After deduction of the Head Rent and notwithstanding any potential increase at the 2018 rent review regarding No. 46 The Horsefair the property provides a net annual income as follows;

• Year 1/2  - £78,300

• Year 3      - £80,550

• Year 4      - £82,800

• Year 5      - £87,300

1. An opportunity to acquire a Bristol city centre retail investment;

2. The property is located on a busy retail thoroughfare providing high pedestrian footfall between The Horsefair and Broadmead in close proximity to Cabot Circus;

3. The proposed Broadmead / Callowhill Court Regeneration & Cabot Circus Expansion will significantly enhance the area immediately surrounding the property creating a more attractive location for occupiers, shoppers, investors and developers;

4. Favourable head lease providing for rents received subject to a low minimum pay away and permitted use of the upper parts as office and / or residential;

5. The tenant of No. 46 The Horsefair has recently begun trading following a comprehensive fit-out programme;

6. A purchase at the asking price will provide an investor with an attractive net initial yield which increases annually from February 2019;