A mixed use investment, fully let producing £62,472pa. The property measures approximately 6,617 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 7,717 sq ft and is divided into 2 key areas. The ground floor, measuring approximately 5,582 sq ft features air conditioned offices and heated warehouse with offices and a forecourt, providing ample external space for loading, parking for 6 vehicles, and operational needs. The first floor, measuring approximately 2,135 sq ft 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, which falls outside of the clean air zone. This location offers excellent connectivity, providing seamless access to Bristol city centre and its surrounding areas.
ACCOMMODATION -
Internal
Ground floor offices/warehouse.
First floor offices.
External
Forecourt parking plus 6 additional spaces for the first floor tenants.
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 -
The rateable value is £54,000.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
EPC rating: D (valid until February 2035)
VAT -
All figures quoted are exclusive of VAT unless otherwise stated.
VIEWINGS -
By appointment with Maggs & Allen.
