The property comprises two separate buildings
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)
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. Messrs Savills (UK) Ltd and Russell Property Consultants for themselves and for the vendors or lessors of this property whose agents they are, give notice that: 1. The particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute, nor constitute part of, an offer of contract. 2. All descriptions, references to condition and necessary permission for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers should not reply on them as either statements or representation of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. All dimensions are approximate. 3. No persons in the employment of Savills (UK) Ltd and Russell Property Consultants has any authority to make or give any representation or warranty whatsoever in relation to this property. 4. All correspondence regarding this offer is subject to contract. March 2025.
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
Specification
- 6m eaves height
- Large external yard
- CCTV
- 10 ground level doors
- Fully fitted canteen
- 24/7 access