UNDER OFFER
21/09/26
3099
18079414 / Rightbiz
A mixed use investment, fully let producing £62,472pa. The property measures approximately 7,717 sq ft and is divided into 2 key areas. The ground floor, measuring approximately 5,582 sq ft features air conditioned offices and heated warehouse with offices and a forecourt, providing ample external space for loading, parking for 6 vehicles, and operational needs. The first floor, measuring approximately 2,135 sq ft is dedicated to high quality office space, offering a great working environment for professional tenants.
LOCATION
The property is situated within the Avon Valley Business Park, situated on Chapel Way, which falls outside of the clean air zone. This location offers excellent connectivity, providing seamless access to Bristol city centre and its surrounding areas.
ACCOMMODATION
Internal
Ground floor offices/warehouse.
First floor offices.
External
Forecourt parking plus 6 additional spaces for the first floor tenants.
TENURE
The property is to be sold on the residue of a 125 year lease from 1989. We understand there is the potential to extend the lease with the freeholder.
LEASE DETAILS
The property is fully let producing £62,472pa and on the following basis:
Ground Floor - 17/12/2021 to 16/12/2026
£42,000pa
Rent review due November 2026
First Floor - 01/07/2025 to 31/12/2027
£20,472pa rising to £21,000pa from 01/10/2026
BUSINESS RATES
The rateable value is £54,000.
ENERGY PERFORMANCE CERTIFICATE (EPC)
EPC rating: D (valid until February 2035)
VAT
All figures quoted are exclusive of VAT unless otherwise stated.
VIEWINGS
By appointment with Maggs & Allen.
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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