A well presented light industrial unit arranged as two connecting units, used solely as office space and benefiting from air conditioning, gas central heating and ample off-street parking.
Situated close to Yatton town centre providing easy access to the M5 and A38.
Approximately 2,410sqft gross internal area.
We understand the property is held on 125 year lease granted December 1981.
There is a ground rent payable which we are informed is set at 15% of the market rent, which currently stands at £2,428 per annum (subject to review).
Let at £16,250 per annum on an effectively Full Repairing and Insuring basis from a period of 12 years from January 2014 subject to 3 yearly tenant break clauses and rent reviews. The next tenant break option is January 2017 although the required 6 months notice to quit has not been served.
The Costain Group combined share value currently stands at £371.67million (correct at time of print).
Please note, Unit 12 is also available for sale and is also let to the same tenant producing £15,500p.a (subject to ground rent) and is available at £175,000.
We are informed the property is not subject to VAT.
As per the Control of Asbestos Regulations 2012, 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.
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.