A well presented investment of approximately 3,500sqft (Gross Internal Area), let to an established Educational Trust on a 5 year lease at £22,750 per annum. The property is arranged over two storeys offering potential to extend the first floor and create further office accommodation. Situated just off the ring road providing easy access to the A37 and A38. Offered for sale as an investment, on the residue of a 125 year lease.
A commercial investment currently arranged as several partitioned offices, with a reception area to the ground floor. The property benefits from air conditioning throughout, 7 allocated parking spaces to the front and the potential to extend the first floor.
Situated just off the Hartcliffe Way/Hengrove Way roundabout, providing easy access in and out of the City Centre and to the A38/A37.
LEASE DETAILS -
Tenant: E-Act, a national charitable trust providing educational services. The organisation reported an income of £112M in 2018.
Lease: Let on a full repairing and insuring basis subject to a passing rent of £22,750pa, for a term of 5 years from April 2019, with a tenant only break option at year 2.
Offered for sale on the residue of a 125 year lease with approximately 96 years remaining.
BUSINESS RATES -
The rateable value with effect from April 2017 is £18,000.
Allocated parking for approximately 7 cars to the front.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and is not to be relied upon.
We understand that VAT is not applicable to this property.
ENERGY PERFORMANCE CERTIFICATE -
EPC Rating: E
Viewings are strictly by appointment with Maggs & Allen.
CONTROL OF ASBESTOS -
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 endeavours 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.