Unit 10 The Alpha Centre Armstrong Way, Yate, Bristol, BS37 5NG

Guide Price £250,000 - For Sale By Auction - LOT 12

WELL-PRESENTED COMMERCIAL INVESTMENT - LET PRODUCING £21,875 PA

  • For Sale By Public Auction
  • Tuesday 27th November 2018
  • County Cricket Ground, Bishopston BS7 9EJ
  • Legal Packs via our website

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Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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Property Details

A well-presented end of terrace light industrial unit (approx. 2,979 sq ft) that is arranged over two storeys, predominantly as office space. The unit benefits from a full height roller shutter door with loading bay, 3 tandem parking spaces and various kitchen and toilet facilities. Currently let on an effectively Full Repairing and Insuring lease until January 2023 at a rent of £21,875 per annum, the property presents an excellent, high yielding investment opportunity.

FOR SALE BY AUCTION -

This property is due to be auctioned on the 27th November 2018 at The Grace Room, The Bristol Pavilion, County Ground, Nevil Road, Bishopston, Bristol at 7pm.

VIEWING -

By appointment

SUMMARY -

WELL-PRESENTED COMMERCIAL INVESTMENT - LET PRODUCING £21,875 PA

DESCRIPTION -

A modern and well-presented light industrial unit (approx. 2,979 sq ft), situated on a popular industrial estate in Yate. The property is arranged over two storeys to provide a range of office and storage space with kitchen and toilet facilities. Further benefits include 3 tandem car parking spaces and a full height roller shutter door with loading bay.

LOCATION -

This end-terraced property is situated on the Alpha Centre estate at the end of Armstrong Way in Yate. Easy access is provided to Yate town centre and the motorway networks via the A432 and A4174 Ring Road.

ACCOMMODATION -

Please refer to floorplan for approximate room measurements and internal layout.

GROUND FLOOR - Approx. 1,463 sq ft (135.9 sq m) -

Comprising a meeting room, control room, staff room/office, loading bay, store rooms, 2 kitchens and various toilet facilities.

FIRST FLOOR - Approx. 1,516 sq ft (140.8 sq m) -

Comprising 4 office suites and a mezzanine storage level.

LEASE DETAILS -

The property is let to RVRC Properties Limited on an effectively Full Repairing and Insuring lease for 10 years expiring in January 2023. The passing rent is £21,875 per annum. A copy of the lease is available in the online legal pack.

TENURE -

The property is to be sold on the residue of a 150 year lease from 25th March 1982 with approximately 114 years remaining.

ENERGY PERFORMANCE CERTIFICATE -

Rating: D.

SOLICITOR -

Ms C Dollimore
Humphries Kirk
3 Acorn Business Park
Ling Road
Poole BH12 4NZ
Tel: 01202 725400
Email: c.dollimore@hklaw.eu

COMPLETION -

6 weeks or earlier by arrangement

BUYER'S PREMIUM -

Please be advised that all purchasers are subject to a £1,000 plus VAT (£1,200 inc VAT) buyer's premium payable upon exchange of contracts.

*GUIDE PRICE -

Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

RESERVE PRICE -

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

PROXY BIDDING -

If you are unable to attend the auction then you can submit a proxy bid. This will authorise a representative of Maggs & Allen to bid on your behalf up to a pre-set amount. The proxy bidding form is available to download from our website. The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and 2 cheques (one for the 10% deposit and one for the buyer's premium of £1,200 inc VAT) is required by the auction department no later than 4pm on the day of the auction.

ATTENDING THE AUCTION -

If you are intending to bid and are successful, the following will be required:

* Proof of identity (valid passport or photo driving licence).
* Proof of address (bank statement, recent utility bill, council tax bill or tenancy agreement).
* 10% deposit payment.
* Buyer's premium payment.
* Details of your solicitor.

DEPOSIT & BUYER'S PREMIUM PAYMENTS -

Forms of acceptable payment:

* Cheque
* Bankers Draft
* Debit Card Payment

For card payments:
Please ensure that you advise your bank of the potential payment prior to the auction.

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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.