Concorde Drive, Clevedon, Bristol

£375,000 - Sold Subject to Contract

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Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

Well-presented freehold investment property comprising approximately 2,500sqft (NIA) of office accommodation over two storeys with 7 allocated parking spaces. The property is fully let, to be sold producing £30,000pa and is situated in a convenient location in Clevedon providing easy access to the M5.

DESCRIPTION -

A well-presented freehold office building arranged over two storeys offering approximately 2,500sqft (NIA) of office space with additional kitchen and toilet facilities. The property benefits from gas central heating, double glazing, suspended ceilings and off-street parking to the front. Situated in Clevedon within close proximity of the M5 providing easy access to Bristol and the South West.

LOCATION -

The property is situated in Clevedon, approximately 13 miles from Bristol and 10 miles from Weston-super-Mare. Good links are provided to the M5 Motorway for easy access to Bristol and the South West. From Southern Way turn into Strode Road, then turn left into Concorde Drive and the property can be found on the right hand side.

LEASE DETAILS -

GROUND FLOOR -

Let to J & A W Sully accountants on a10 year Full Repairing and Insuring lease (by way of a service charge) from 24/9/15 with a rent review at Year 5. The rent is currently discounted to £4,800pa rising to £12,500pa in September 2017 and then again to £15,000pa in September 2018.

FIRST FLOOR -

Let to Living Water Church on a 5 year Full Repairing and Insuring lease (by way of a service charge) from October 2014. The current rent is discounted to £10,000p.a rising to £12,500p.a in September 2016 and then to £15,000p.a in September 2018.

LANDLORDS UNDERTAKING -

Our client is prepared to subsidise the current discounted rents up until the full headline rent is met as per the lease details. This will be dealt with by way of a capital allowance in the purchase price.

FLOOR PLAN -

The floor plan is provided for indicative purposes only and should not be relied upon.

VAT -

We understand the property is elected to incur VAT and therefore the sale will be treated as a Transfer Of a Going Concern.

OUTSIDE -

The property benefits from 7 Allocated parking spaces.

ENERGY PERFORMANCE CERTIFICATE -

Rating: D.

CONTROL OF ASBESTOS REGULATIONS -

As per the Control of Asbestos Regulations 2006, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.

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Maggs & Allen use all reasonable endeavors to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.