Unit 1, Hither Green Trading Estate, Clevedon, North Somerset, BS21 6XT

The property is an end-terraced warehouse/trade unit located at the entrance to the trading estate. The warehouse is of steel portal frame construction with brick and profile sheeting cladding, and a new profile steel roof with translucent roof lights and was fully refurbished in 2025. The warehouse is clear span with 5.5m eaves, with recently installed electric roller shutter door. To the front elevation are 2 storey-offices, and externally there is a forecourt loading area with good car parking provision. To the rear is a sizeable landscaped area, which could provide good staff welfare facilities.

Unit occupies a prominent position at the entrance to the well-established Hither Green Trading Estate, the main trading estate serving the town of Clevedon, situated immediately adjacent to Junction 20 of the M5 motorway. Hither Green connects to Junction 20 of the M5 motorway via Northern Way and the B3133 Ettlingen Way.

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This unit has recently been let to Braikenridge Investments Ltd (Guaranteed by Allegro Logistics) on a new FRI lease expiring 12/10/36 at a passing rent of £50,000pa, with a fixed uplift to £55,000 on 13/10/28 (Vendor to top-up to this rental level) and a further fixed uplift to £60,000pa on 13/10/31. There is a tenant only option break on 30/11/31. The price of £865,000 is under pinned by vacant possession values and shows a net initial yield of 6.02%, rising to 6.57% in 2031.

The successful lessee will be required to provide the usual information to satisfy the anti-money laundering requirements when Heads of Terms are agreed.