A mixed use investment, fully let producing £62,472pa. The property measures approximately 6,609 sq ft and is divided into 2 key areas. The ground floor features a spacious warehouse with a forecourt, providing ample external space for loading, parking, and operational needs. The first floor is dedicated to high quality office space, offering a great working environment for professional tenants.
DESCRIPTION -
A mixed use investment, fully let producing £62,472pa. The property measures approximately 6,609 sq ft and is divided into 2 key areas. The ground floor features a spacious warehouse with a forecourt, providing ample external space for loading, parking, and operational needs. The first floor is dedicated to high quality office space, offering a great working environment for professional tenants.
LOCATION -
The property is situated within the Avon Valley Business Park, situated on Chapel Way. This location offers excellent connectivity, providing seamless access to Bristol city centre and its surrounding areas.
ACCOMMODATION -
Ground floor workshop/warehouse.
First floor offices.
Forecourt/parking.
TENURE -
The property is to be sold on the residue of a 125 year lease from 1989. We understand there is the potential to extend the lease with the freeholder.
LEASE DETAILS -
The property is fully let producing £62,472pa and on the following basis:
Ground Floor - 17/12/2021 to 16/12/2026
£42,000pa
Rent review due 17/12/2025
First Floor - 01/07/2025 to 31/12/2027
£20,472pa rising to £21,000pa from 01/10/2026
BUSINESS RATES -
ENERGY PERFORMANCE CERTIFICATE (EPC) -
EPC rating: TBC
VAT -
All figures quoted are exclusive of VAT unless otherwise stated.
VIEWINGS -
By appointment with Maggs & Allen.
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.
