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Unit A, Bristol

under offer

Industrial unit for sale

£1,400,000 19,006 sq ft

Status
Under offer
Highlights
  • Warehouse / Industrial Investment
  • Let to Tructyre Fleet Management Ltd, part of the Michelin Group
  • 10 year lease from 18th February 2019 with a tenant only option to break at end of 5th year
  • Current rent passing of £118,000pa (£6.20 per sq ft)
  • Long Leasehold. The Head Lease is for a term of 125 years from 9th May 1990, so approx. 96 years unexpired at a current ground rent of £13,300pa
  • Low capital value of £73.66 per sq ft
Property type

Industrial unit for sale

Full address
Victoria Rd, Bristol BS11 9DB – Bristol
Property owner
First Corporate Shipping Limited
Asking price
£1,400,000
Available space range
There is 1 space available. This measures 19,006 sq ft.
Features
Fenced lot, Yard, Energy Performance Rating - D, Roller shutters
Brochure
Download the brochure
Contacts

Adam Checkley - Checkley & Co LLP

Rob Russell - Russell Property Consultants Ltd

Chris Miles - Russell Property Consultants Ltd

Property links

Sale details

Sale unit 3452670 Under offer

19,006 sq ft, £73.66 per sq ft

Unit Sale unit 3452670
Address Victoria Rd, Bristol, Avon, BS11 9DB, GB
Size 19,006 sq ft
Price £1,400,000
Price per unit £73.66 per sq ft
  • Investment summary.
  • Modern detached warehouse/industrial unit totalling 1,765.72 sq m (19,006 per sq ft) with large secure hard surfaced yard.
  • Located in the established industrial area of avonmouth, providing direct access onto the m5 and m49 at junction 18/18a.
  • The property is let to tructyre fleet management ltd, which is part of the michelin group.
  • 10 year lease from 18th february 2019 with a tenant only option to break at end of 5th year.
  • Fri lease subject to a schedule of condition.
  • Current rent passing of £118,000pa (£6.20 per sq ft).
  • The lease incorporates a 5 yearly upward only rent review to open market value.
  • Long leasehold.
  • The head lease is for a term of 125 years from 9th may 1990, so approx.
  • 96 years unexpired at a current ground rent of £13,300pa.
  • Low capital value of £73.66 per sq ft.
  • We are instructed to seek offers in excess of £1,400,000 (one million four hundred thousand pounds), subject to contract and exclusive vat, reflecting an attractive net initial yield on the net rent of 7.05% after purchasers’ costs.
Sale type Investment
Tenure Long leasehold
More building details Less building details

Property facts for Unit A, Bristol

Unit A comprises a high quality detached warehouse/industrial unit of steel frame construction with an internal eaves height of 6.65m under a steel profile single pitched roof. The unit benefits from a substantial secure yard, high quality 2 storey offices to the front with a double height entrance. Externally there are 3 level loading access doors and 19 marked car spaces. EPC D80

Building subtype
Warehouse
Number of storeys
2
Parking ratio
10
Rentable building area
19,006 sq ft
Year built
1990
Utilities
Lighting, Water, Sewer

Attachments

PDF #1 Marketing brochure/flyer Download

This industrial unit for sale is located in Bristol.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Checkley & Co LLP. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Checkley & Co LLP for full details and further information.