: Warehouse and office headquarters building together with a semi-detached warehouse on a secure gated site extending to a total of 4.18 acres.
Location
The property comprises two detached distribution/office buildings situated on the corner of Third Way and Avonmouth Way approximately 1/2 mile from Junction 18 of the M5. The M4/M5 interchange at Almondsbury is approximately 7 miles to the north with Bristol City Centre approximately 7 miles to the south east via the A4 Portway.
Accommodation
60,854 sq ft - 77,524 sq ft (5653 sq m - 7,202 sq m) on 4.18 acres (1.69 ha)
Terms
TENURE: Long leasehold subject to a 125 year ground lease from 8 July 2008 at a passing rent of £40,000 per annum. The next rent review is on 8 July 2028 and five yearly thereafter on an upward only basis and to 10% of OMR (42,141 sq ft).
The properties are available as a whole on the basis of a long leasehold purchase, (alternatively a leasehold transaction may be considered for a term in excess of 10 years).
SERVICES We understand all mains services are available but have not undertaken any tests.
PLANNING Prospective buyers are to make their own enquiries.
EPC/ENERGY PERFORMANCE CERTIFICATE These have been commissioned and prepared and are available upon request.
BUSINESS RATES The property (Evans House & East Building) has a rateable value of £305,000 as at 1st April 2023.
LEGAL COSTS Each party is to be responsible for their own legal and surveyor costs incurred in relation to proposed transaction. AML A successful bidder will be required to provide relevant information to satisfy the vendors AML requirements.
VAT Both properties are elected for VAT.
PRICE Evans House & East Building - £5.25m Evans House - £4.00m Alternatively the property may be available to let for a term in excess of 10 years.