4 & 5 Apex Court, Almondsbury, Bristol, BS32 4JT

Guide Price £450,000 - For Sale By Auction - LOT 1

SUBSTANTIAL DETACHED OFFICE BUILDING FULLY-LET PRODUCING £48,566.00 PER ANNUM

  • For Sale By Public Auction
  • Thursday 26th September 2019
  • 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

***COMMERCIAL INVESTMENT LET AT £48,566.70 PER ANNUM*** A modern office development (approx 4,811sq ft net internal area) arranged over 3 storeys benefiting from off street parking for 14 cars. The building is fully-let producing a gross rent of £48,566.00 per annum plus service charge. A fantastic high-yielding investment property with excellent transport links provided via the M4, M5, & M32 Motorways and the nearby A38.

FOR SALE BY AUCTION -

This property is due to be auctioned on the 26th September 2019 at The Grace Room, The Bristol Pavilion, County Ground, Nevil Road, Bishopston, Bristol at 7pm.

VIEWING -

By appointment

SUMMARY -

SUBSTANTIAL DETACHED OFFICE BUILDING FULLY-LET PRODUCING £48,566.00 PER ANNUM

DESCRIPTION -

A modern office development (approx 4,811sqft net internal area) arranged over 3 storeys benefiting from off street parking for 14 cars. Currently the building is let producing a total rent of £48,566.70 per annum making it an excellent high-yielding investment. Situated in a prime position at the entrance of Apex Court Business Park with excellent transport links provided to the City Centre and the South West via the nearby M4/M5 Motorway networks.

LOCATION -

Situated just off Woodlands Way, Almondsbury providing excellent commuting links to the major motorway networks.

SCHEDULE OF ACCOMMODATION (Approximate NIA) -

Ground Floor Unit 4 & 5 (ISS) 1,599 sq ft (148.5 sq m)
First Floor Unit 4 & 5 (The Training Room) 1,640 sq ft (152.3 sq m)
Second Floor Unit 4 (BMS Group) 951 sq ft (88.3 sq m)
Second Floor Unit 5 (SD Taylor) 953 sq ft (88.5 sq m)

LEASE DETAILS -

GROUND FLOOR -

Let on a 5 year term to ISS Facility Services Limited from 29 August 2016 at £16,330pa + VAT and service charge, the tenant also has the benefit of 5 car parking spaces.

FIRST FLOOR -

Let on a 3 year term to TTR PT Ltd from 10 February 2017 at £13,787pa + VAT and service charge, the tenant also has the benefit of 5 car parking spaces.

SECOND FLOOR UNIT 4 -

Let on a 5 year term to Beaver Management Services Limited from 29 September 2015 at £9,500pa + VAT and service charge, the tenant also has the benefit of 2 car parking spaces.

SECOND FLOOR UNIT 5 -

Let on a 3 year term to SD Taylor Limited from 7 July 2019 at £8,949pa + VAT and service charge, the tenant also has the benefit of 2 car parking spaces.

ENERGY PERFORMANCE CERTIFICATE -

Ratings: C, D & E.

SOLICITORS -

Mr A Mackenzie, Lawrence Stephens Solicitors
Tel: 020 7936 8888
Email: amackenzie@lawstep.co.uk

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.