Detached distribution/office building with secure yard available to let or purchase on a long leasehold basis.
Location
The property is situated on Bradley Road, Portbury, Bristol approximately 0.5 miles from J19 of the M5 on the edge of the established Royal Portbury Dock. Bristol city centre is approximately 7 miles to the south west. The M49 (via J18/18a of the M5) the link to south Wales is approx. 3 miles with the M4 (M5 interchange at Almondsbury approx. 9 miles to the north).
Accommodation
25,614 sq ft plus mezzanine on approx 1.42 acres
Terms
Business rates Interested parties should make their own enquiries to North Somerset Council to ascertain the exact rates payable as a change in occupation may trigger an adjustment of the ratings assessment. www.voa.gov.uk. The current rateable value is assessed at £207,000.
EPC The EPC assessment has been instructed with further details available upon 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 149 years from 27/08/1991 expiring in 26/08/2140 at a peppercorn rent. terms The building is available to purchase with offers in excess of £3.3 million exc
VAT 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