Market Industrial Estate, Yatton, Bristol

£175,000 - 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 light industrial unit currently used as offices (approximately 2,395sqft) benefiting from air conditioning and off-street parking to the front. The unit is let to 'The Costain Group PLC' at £15,500 per annum on an effectively Full Repairing and Insuring basis. The neighbouring unit is also available for sale by separate negotiation and is let to the same tenant.

DESCRIPTION -

A well presented light industrial unit used solely as office space, benefiting from air conditioning and off-street parking.

LOCATION -

Situated close to Yatton town centre providing easy access to the M5 and A38.

ACCOMMODATION -

Approximately 2,395sqft gross internal area.

TENURE -

We understand the property is held on 125 year lease granted December 1981.

GROUND RENT -

There is a ground rent payable which we are informed is set at 15% of the market rent which is currently stands at £2,428 per annum (subject to review).

TENANCY DETAILS -

Let at £15,500 per annum on an effectively Full Repairing and Insuring basis from a period of 12 years from January 2014 subject to 3 yearly 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).

NOTES -

Please note, Units 11a and 11b is also available for sale and is let to the same tenant producing £16,250p.a (subject to ground rent), available at £185,000.

ENERGY PERFORMANCE CERTIFICATE -

Rating: C.

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VAT -

We are informed the property is not subject to VAT.

CONTROL OF ASBESTOS REGULATIONS -

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.

VIEWING -

By appointment.

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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.