The plot comprises a secure enclosed site with two entrances from Oldmixon Crescent. The site is surfaced with a mixture of concrete and consolidated stone.
Location
The site is located on Oldmixon Crescent which is accessed directly off Winterstoke Road (A370), Weston-super-Mare. The M5 (junction 21) is 4 miles to the East with Weston-super-Mare town centre 2 miles to the North. Bristol is approximately 22 miles to the North East with the M4/M5 Interchange at Almondsbury within 23 miles. Access to South Wales is via Junction 18a of the M5 at Avonmouth which links to the M49.
Accommodation
2.14 acres (0.87 ha)
Terms
Planning All parties should make their own enquiries to the Planning Department of North Somerset Council - Tel: 01275 888 811 or www.n-somerset.gov.uk
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 .
Code for Leasing For the latest RICS advice on commercial property leasing, please consult the RICS Real Estate Code for Leasing 2020
Legal Costs Each party is to be responsible for their own legal costs.
Lease The property is available on a new full repairing lease for a term of years to be agreed to be drafted outside 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 open market rental or annual compound CPI subject to a minimum of 2% and maximum of 5% per annum.
Rent The property is offered at an initial rental of £120,000 per annum exclusive of VAT.
Purchase Option Consideration will be given to sale of the freehold interest with further details available upon request. 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. We recommend that the prospective tenants establish the VAT implications before entering into any agreement.
AML A successful tenant will be required to provide relevant information to satisfy the AML requirements when Heads of Terms are agreed