Commercial Development for sale

Concorde Drive, Clevedon, Bristol

Sold STC 2,500 sq. ft. | £375,000

Property Description

Commercial information

  • 2,500 sq ft (232 sq m)
  • Use class orders: B1 Business

Full description

Well-presented freehold investment property comprising approximately 2,500sqft (NIA) of office accommodation over two storeys with 7 allocated parking spaces. The property is fully let, to be sold producing £30,000pa and is situated in a convenient location in Clevedon providing easy access to the M5.

Description - A well-presented freehold office building arranged over two storeys offering approximately 2,500sqft (NIA) of office space with additional kitchen and toilet facilities. The property benefits from gas central heating, double glazing, suspended ceilings and off-street parking to the front. Situated in Clevedon within close proximity of the M5 providing easy access to Bristol and the South West.

Location - The property is situated in Clevedon, approximately 13 miles from Bristol and 10 miles from Weston-super-Mare. Good links are provided to the M5 Motorway for easy access to Bristol and the South West. From Southern Way turn into Strode Road, then turn left into Concorde Drive and the property can be found on the right hand side.

Lease Details -

Ground Floor - Let to J & A W Sully accountants on a10 year Full Repairing and Insuring lease (by way of a service charge) from 24/9/15 with a rent review at Year 5. The rent is currently discounted to £4,800pa rising to £12,500pa in September 2017 and then again to £15,000pa in September 2018.

First Floor - Let to Living Water Church on a 5 year Full Repairing and Insuring lease (by way of a service charge) from October 2014. The current rent is discounted to £10,000p.a rising to £12,500p.a in September 2016 and then to £15,000p.a in September 2018.

Landlords Undertaking - Our client is prepared to subsidise the current discounted rents up until the full headline rent is met as per the lease details. This will be dealt with by way of a capital allowance in the purchase price.

Floor Plan - The floor plan is provided for indicative purposes only and should not be relied upon.

Vat - We understand the property is elected to incur VAT and therefore the sale will be treated as a Transfer Of a Going Concern.

Outside - The property benefits from 7 Allocated parking spaces.

Energy Performance Certificate - Rating: D.

Control Of Asbestos Regulations - As per the Control of Asbestos Regulations 2006, 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.

The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of this property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.
These particaulrs including all measurements, plans, dimensions and photographs are provided for guidance purposes only and any intending purchaser or lessee should make their own enquiries.


More information from this agent

Nearest stations

  • Yatton (3.1 mi)
  • Nailsea & Backwell (5.0 mi)
  • Worle (5.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Maggs & Allen, Auction, Commercial & Investment

60 Northumbria Drive, Henleaze, Bristol, BS9 4HW

0117 407 2072 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Maggs & Allen, Auction, Commercial & Investment

60 Northumbria Drive, Henleaze, Bristol, BS9 4HW

0117 407 2072 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Yatton (3.1 mi)
  • Nailsea & Backwell (5.0 mi)
  • Worle (5.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Maggs & Allen, Auction, Commercial & Investment

60 Northumbria Drive, Henleaze, Bristol, BS9 4HW

0117 407 2072 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 26177993. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Maggs & Allen, Auction, Commercial & Investment. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.