The property comprises a detached production, office and storage building on a flat irregular shaped site which is laid to concrete/tarmac.
Location
The property fronts Third Way which links with St Andrews Road/Crowley Way and Avonmouth Way the access to Junctions 18 and 18a (the link to the M49 and South Wales) of the M5.
The M4/M5 interchange at Almondsbury is situated approximately 7 miles to the north with Bristol City Centre accessed via the A4 Portway approximately 7 miles to the south east.
Accommodation
22,140 sq ft (2,056.84 sq m) on 2.2 acres (0.89 ha)
Terms
Planning We are verbally advised that the accommodation has planning consent for B2 together with ancillary office and storage uses. Any occupier should make their own enquiries to the Planning Department of Bristol City Council. www.Bristol.gov.uk
Business Rates The property is listed on the Valuation Office Agency as ‘factory & premises’ with a rateable value of £143,000 (April 23). 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 . An EPC has been commissioned and is available for inspection confirming ratings of C (production building) and E (office building).
Code for Leasing For the latest RICS advice on commercial property leasing, please consult the RICS Real Estate Code for Leasing 2020 AML The successful tenant/purchaser will be required to provide relevant information to satisfy the AML requirements when Heads of Terms are agreed.
Lease The property is available by way of a new full repairing and insuring lease for a term of years to be agreed to be drafted outside of the Security of Tenure provisions of the 1954 Landlord and Tenant Act. The lease will incorporate five yearly upward only rent reviews to the greater of the passing, open market rent or annual compound CPI subject to a minimum of 2% p/a and maximum of 6% p/a.
Rent The property is offered for lease at an initial rental of £260,000 per annum exclusive of VAT. Price Consideration may be given to the sale of the freehold interest with offers in excess of £3.5 million exclusive of VAT being sought.
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.