Property for sale in East Park Trading Estate, Whitehall, Bristol BS5

A tenanted industrial unit of approximately 5,000 ft2 with roller shutter access and large forecourt providing off street parking. The unit is let on a 10 year term from September 2022 at a passing rent of £30,000pa, although we consider the market rent to be £40,000pa.

In addition to the floor area reported above, there is a large mezzanine occupying the majority of the foot print of the building which provides additional ancillary storage and kitchen/canteen.

Description

A tenanted industrial unit of approximately 5,000 ft2 with roller shutter access and large forecourt providing off street parking. The unit is let on a 10 year term from September 2022 at a passing rent of £30,000pa, although we consider the market rent to be £40,000pa. The lease is subject to an upwards only rent review in September 2027.

In addition to the floor area reported above, there is a large mezzanine occupying the majority of the foot print of the building which provides additional ancillary storage and kitchen/canteen.

Location

The unit is situated in a modern and established industrial estate just off Gordon Road in Whitehall, East Bristol.

Floor Area

Approximately 5,000 ft2 (465m2) on a Gross Internal Area Basis (excluding the mezzanine).

Tenure

Offered for sale on the residue of a 125 year lease (with approximately 100 years remaining), subject to the occupational lease. We understand there is a ground rent payable of £167pa which we are informed the tenant pays.

Business Rates

The Rateable Value with effect from April 2023 is £40,750.

Lease Details

The unit is let on a 10 year term from September 2022 to The Sofa Library, at a passing rent of £30,000pa. The lease is subject to an upwards only rent review in September 2027 and is drafted on a fully repairing and insuring basis.

Energy Performance Certificate (Epc)

Rating: D Valid to Jan 2032.

Floor Plan

The floor plan and aerial images are provided for indicative purposes only and should not be relied upon.

Vat

All figures quoted are exclusive of VAT unless otherwise stated. We understand the unit is opted for VAT although we would anticipate the sale being treated as a Transfer Of a Going Concern.

Viewings

By appointment.

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.