27 Dixon Road, Brislington, Bristol, Bristol City

Location

Dixon Road is situated within the Brislington Trading Estate, approximately 3 miles south-east of Bristol City Centre.  The latter estate is adjacent to the A4 Bath Road which is one of the main arterial routes into Bristol City Centre. The St Philips Causeway connecting the Bath Road to the M32 gives access to the National motorway network.

Description

A single storey steel/concrete frame Industrial unit constructed with brick elevations under an asbestos cement sheet pitched roof, providing an internal eaves height of 3.685 metres. Access to the warehouse is via  two manually operated sliding steel doors, measuring approximately 3.324m wide and 3.431m high.

At the front of the premises there is single storey flat roof office that adjoins the warehouse. There is parking to the front of the premises and small yard/loading areas to the side and rear.

Terms

The property is held from Bristol City Council on a 125-year long lease from 22 Feb 2001 with a current ground rent of £3,550 pa, reviewable at five yearly intervals.

Tenancy

The current tenant Scottys Gates Ltd have been in occupation since 2003 and have recently signed a new occupational lease. This is for a term of 5 years from 23rd June 2026 and is on full repairing and insuring terms. It is excluded from the security of tenure provisions of the Landlord and Tenant Act 1954. There is a personal guarantee.

Rent

£42,000 per annum exclsuive.

Proposal

A sale of the long leasehold interest in the property. (Note that it may be able to be transferred as a TOGC).

Price

Offers in the region of £425,000. (The property is elected for VAT which is chargeable). This represents a net initial yield of 8.67% after allowing for purchaser's costs of 4.33%.

Areas

Ground Floor        6,475 sq ft        601.53 sq m

Services

Phase three electrics
Connected to water mains

Legal Costs

Each party will be responsible for their own legal costs in connection with this  transaction.

Notice

A consultant to Hootons has an interest in this property.

Anti-Money Laundering

Once Heads of Terms are agreed successful applicants will be required to provide relevant information to satisfy the AML requirements.

Energy Performance

E - expires June 2028.

Viewings & Further Information

Ben Newton - or

Or

Steve Cullis - or