Brand new Waitrose store.
We are offering the entire ground floor and service area on a long leasehold basis.
The freeholder will retain ownership of the upper floor residential property andwill manage the annual service charge.
Location
Gloucester Road is both a major artery into Bristol, and a vibrant retail and leisure destination, within walking distance of the city centre. The area is popular with students, families and working professionals.
This is Bristol’s second ‘Little Waitrose’ store, and it opened for trade in September 2025.
The property is a very prominent former tram shed fronting Gloucester Road’s junction with Cheltenham Road and Zetland Road.
Accommodation
The property comprises the following:
Ground Floor GIA - 603.9 sq m (6,500 sq ft)
Terms
Occupational Lease - The property is let to Waitrose Limited for an unbroken term of fifteen years from September 2025, with exclusive provision for Waitrose Limited to extend the term for a further ten years from expiry. The lease is effectively FRI by way of service charge.
Rent - The passing rent is £120,000 per annum exclusive (£18.46 psf GIA).
Method of Sale - We are offering the unexpired term of a 999-year lease from 2002, at a peppercorn rent.
Price - Offers are invited in the region of £1.9 million, reflecting a yield of 6.32%.
AML - Regulations require M&P LLP to conduct various checks on purchasers. Further details available on request.
Energy Performance - The property has a current rating of B36. A copy is available upon request.