Commercial Development for sale

Market Industrial Estate, Yatton, Bristol

Sold STC £175,000

Property Description

Commercial information

  • Use class orders: B2 General Industrial

Full description

Well presented light industrial unit currently used as offices (approximately 2,395sqft) benefiting from air conditioning and off-street parking to the front. The unit is let to 'The Costain Group PLC' at £15,500 per annum on an effectively Full Repairing and Insuring basis. The neighbouring unit is also available for sale by separate negotiation and is let to the same tenant.

Description - A well presented light industrial unit used solely as office space, benefiting from air conditioning and off-street parking.

Location - Situated close to Yatton town centre providing easy access to the M5 and A38.

Accommodation - Approximately 2,395sqft gross internal area.

Tenure - We understand the property is held on 125 year lease granted December 1981.

Ground Rent - There is a ground rent payable which we are informed is set at 15% of the market rent which is currently stands at £2,428 per annum (subject to review).

Tenancy Details - Let at £15,500 per annum on an effectively Full Repairing and Insuring basis from a period of 12 years from January 2014 subject to 3 yearly break clauses and rent reviews. The next tenant break option is January 2017 although the required 6 months notice to quit has not been served.
The Costain Group combined share value currently stands at £371.67million (correct at time of print).

Notes - Please note, Units 11a and 11b is also available for sale and is let to the same tenant producing £16,250p.a (subject to ground rent), available at £185,000.

Energy Performance Certificate - Rating: C.



Vat - We are informed the property is not subject to VAT.

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.

Viewing - By appointment.

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 (0.1 mi)
  • Nailsea & Backwell (3.7 mi)
  • Worle (4.5 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 (0.1 mi)
  • Nailsea & Backwell (3.7 mi)
  • Worle (4.5 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 26630089. 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.