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Self Contained Office Suite , Unit 7.07, The Paintworks, Arnos Vale, Bristol, BS3 4EH

139 Sq Mt / Industrial / General Industrial

For Sale - £445,000.00

Available - Last updated: 29 March 2023

Paintworks is a unique development on the edge of Bristol City Centre, close to Temple Meads Station. Paintworks is an exciting development comprising a mixture of former brick built workshops and new build accommodation which encompasses Bristol’s creative quarter.

Location

Located on the A4 Bath Road on the South East side of the City Centre and approximately 1.4 miles from Temple Meads Railway Station, this development provides great transport connections within a creative environment. The property is located within a short drive to a number of facilities within the City Centre and extensive retail park facilities within the Brislington area which is less than 1 mile away

Accommodation

First floor 1,500sq ft ( 139.35sq m )

Terms

Tenure 999 year long leasehold from 2006, subject to a ground rent of £350 per annum which is subject to RPI linked reviews every 25 years.

Tenancy The unit is let to Wolverine Europe Limited (Company number – 04283166) on a lease from 28 September 2022 expiring on 27 September 2027. The lease is excluded from sections 24-28 of the Landlord and Tenant Act 1954. There is a rental deposit of £6,250. The current passing rent is £35,000 per annum reflecting £23.33 per sq ft. The net rent after deducting the ground rent is therefore £34,650 per annum.

Covenant Wolverine Europe Limited is a wholly owned subsidiary of Wolverine Outdoors Inc. a publicly traded American footwear manufacturer based in Rockford, Michigan. The shoemaker is known for its eponymous brand, Wolverine Boots, as well as other brands, such as Hush Puppies, Merrell, Caterpillar, Harley-Davidson and Saucony. The company acquired British athleisure retailer Sweaty Betty in 2021.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £445,000.00 NA

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Oliver Stretton

Alder King

0117 369 0936



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