The property comprises a detached distribution/office building constructed around a double pitched steel portal frame with a combination of brick and clad elevations. The building has an internal height to the eaves of 7.1 metres (6.46 metres to the haunch). The floor is concrete construction with loading via two surface level loading doors and 6 dock height doors.
The office accommodation is two storey and divided to provide private and general office areas together with ancillary ladies and gents WC facilities.
Location
The building occupies a prominent position on the corner of Pennywell Road and Easton Way (the A4320), immediately adjacent to Junction 3 of the M32. Access to the building is either via Easton Way/St Philips Causeway or alternatively, Newfoundland Street (the City Centre spur to the M32) via Horton/Wade Street. Bristol City Centre is approximately 0.5 miles to the South with access to the A4 via Easton Way/St Philips Causeway. Junction 19 of the M4 is approximately 5 miles to the North East via the M32 with the M4/M5 interchange at Almondsbury approximately 7 miles to the North.
Accommodation
56,283 SQ FT (5,228.86 SQ M)
ON 2.67 ACRES (1.08 HECTARES)
Terms
BUSINESS RATES The property is currently described as Warehouse and Premises with a Rateable Value of £212,000. (www.voa.gov.uk)
DISPOSAL OPTIONS The property is available by way of a new Full Repairing & Insuring lease for a term of years to be agreed to incorporate 5 yearly upward only rent reviews to the greater of open market rental or annual compound CPI (minimum 2% & maximum 6%) and drafted outside the Security of Tenure Provisions of the 1954 Landlord & Tenant Act. Specific rental proposals will be provided when the tenants financial covenant has been assessed. Consideration may be give to the sale of the Long Leasehold interest with further details available on request.
PLANNING We understand the property has consent for uses within class B8 (warehouse and distribution uses). The building would (subject to Planning) be equally suitable for Light/General Industrial Uses. Interested parties are recommended to make their own specific enquiries with Bristol City Council.
EPC The building has an EPC Rating of E.
LEGAL COSTS Each party to be responsible for their own legal costs.
VAT Under the Finance Acts 1989 and 1997, VAT may be levied on the Rent/Sale price. We recommend that the prospective tenants/ purchasers establish the VAT implications before entering into any agreement.