The property comprises a detached distribution/production and office premises within a secure site laid out to provide yard and car parking. The building is laid out in two sections comprising production and dispatch areas. The offices are situated within an internal two storey pod and provide a combination of private and general offices together with a canteen area and WC facilities. Main warehouse/production area 8,211 Sq m 762.82 Externally there is a concrete/tarmac surfaced yard/car parking area which is fenced and gated. The warehouse/production building is of steel portal frame construction with insulated clad elevations beneath a pitched insulated roof incorporating 10% roof lights. Access to the building is via 5 van dock level loading doors together with a single surface level door. The internal height to the eaves amounts to 5.6 and 6m.
Location
The property is situated on Western Drive, Hengrove, Bristol which links with Hengrove Way/Airport Road, the southern section of the A4174 Avon Ring Road. Bristol city centre is approximately 4 miles to the north. The M5 (via J18) and M49 (J18a) link to south Wales within 9 miles. The M32 is 6 miles to the north and is the link to the M4/M5 interchange at Almondsbury.
Accommodation
23,462 sqft on approx. 1.006 acres
Terms
Planning We are verbally advised that the accommodation has planning consent for Production/Storage and Distribution use but any occupier should make their own enquiries to the Planning Department of Bristol City Council to satisfy themselves of the suitability for the use.
Business Rates The property is listed on the Valuation Office Agency website as Warehouse and premises. With a rateable value of £115,000 (April 2023) Interested parties should make their own enquiries to Bristol City Council to ascertain the exact rates payable as a change in occupation may trigger an adjustment of the ratings assessment. www.voa.gov.uk .
Energy Performance Certificate The EPC Rating is B and the full certificate can be provided on request. Code for Leasing For the latest RICS advice on commercial property leasing, please consult the RICS Real Estate Code for Leasing 2020
Tenure The property is held by way of a long leasehold interest for a term of 125 years from 08/01/990 expiring on 07/01/2115 at a ground rent of £6,000 pa exc. The rent is reviewed 5 yearly with the next review due in January 2025.
Terms The building is available to purchase with offers in excess of £2,500,000 sought for the long leasehold interest. Consideration may be given to the grant of a new occupational lease for a term of years to be agreed to incorporate regular upward only rent reviews at a rental to be agreed with further details available upon request.
Legal Costs Each party is to be responsible for their own legal costs.
References/Rental Deposits Financial and accountancy references may be sought from any prospective tenant prior to agreement.
Prospective tenants may be required to provide a rental deposit subject to the landlord’s discretion.
VAT Under the Finance Acts 1989 and 1997, VAT may be levied on the rent/purchase price. We recommend that the prospective tenants/purchasers establish the VAT implications before entering into any agreement.
AML A successful tenant/purchaser will be required to provide relevant information to satisfy the AML requirements when Heads of Terms are agreed