Due to Relocation To Let/For Sale

Size: px

Start display at page:

Download "Due to Relocation To Let/For Sale"

Lionel Caldwell
5 years ago
Views:

Due to Relocation To Let/For Sale Complex of Three Distribution/Office buildings Available as a whole or in part Third Way Avonmouth Bristol, BS11 9YL 13,526 sq ft (1,256.61 sq m) on 1.4 acres (0.

1 Due to Relocation To Let/For Sale Complex of Three Distribution/Office buildings Available as a whole or in part Third Way Avonmouth Bristol, BS11 9YL 13,526 sq ft (1, sq m) on 1.4 acres (0.56 ha) to 93,798 sq ft (8,714sqm) on 5.7 acres (2.3ha) Bristol Cardiff Exeter Gloucester Swindon Taunton Truro

Location The property comprises a complex of three detached distribution/office buildings situated on the corner of Third Way and Avonmouth Way approximately 1 mile from Junction 18 and 18a (the link

Tenure Use m² ft² 754.92 8,126 Offices First 710.46 7,647 Warehouse 3,762.00 40,495 Staff First 146.88 1,581 Accommodation Mezzanin Stores & Works 510.81 5,489 e Office Total 5,885.

The lease is drawn on FRI terms with the next rent review due on 8 July 2013 and five yearly thereafter on an upward only basis and to 10% of OMR.

2 Location The property comprises a complex of three detached distribution/office buildings situated on the corner of Third Way and Avonmouth Way approximately 1 mile from Junction 18 and 18a (the link to the M49 and South Wales) of the M5. The M4/M5 interchange at Almondsbury is approximately 7 miles to the north with Bristol City Centre approximately 7 miles to the south east via the A4 Portway. Tenure Use m² ft² ,126 Offices First ,647 Warehouse 3, ,495 Staff First ,581 Accommodation Mezzanin Stores & Works ,489 e Office Total 5, ,338 Long leasehold subject to a 125 year ground lease from 8 July 2008 at a passing rent of 22,500 per annum. The lease is drawn on FRI terms with the next rent review due on 8 July 2013 and five yearly thereafter on an upward only basis and to 10% of OMR. 2) North Building, Third Way, Avonmouth, Bristol Description The property comprises three separate buildings within a self contained site. The details are as follows: 1) Main Building, Third Way, Avonmouth, Bristol Tenure A detached workshop with ancillary ground and first floor offices on a site extending to approximately 1.40 acres (0.567 hectares) in total. The building has been subdivided for Stage Electrics and their tenant, BOC Limited. Stage Electrics (Rear) Use m² ft² Offices & W house ,412 First Offices Mezzanine Storage Total ,889 BOC Limited (Front) Use m² ft² Offices & Workshop ,254 First Offices ,383 Total ,637 Part freehold (hatched on attached Promap), part long leasehold (outlined in red) held for a term of 125 years from 8 July 2008 at a rent of 25,250 per annum. The lease is drawn on FRI terms with rent reviews on a five yearly upward only basis and to 15% of OMR. Warehouse and office headquarters buildings on a flat irregular shaped site extending to approximately 3.65 acres (1.48 hectares). The site is outlined in green on the Promap attached. The is partly sublet to BOC Limited at a rent of 33,000 per annum. The new lease expires on 31 December The lease is drawn on FRI terms subject to a photographic schedule of condition and contracted out of sections of the 1954 Landlord & Tenant Act. Each party has a mutual break on serving not less than six months written notice.

24 12,693 Mezzanine Storage 394.03 4,241 Total 1,573.27 16,934 Planning We are advised the property has planning permission for B8 Storage and Distribution uses.

3 3) East Building, Avonmouth Way, Avonmouth, Bristol Services We understand all mains services are available but have not undertaken any tests. Semi-detached warehouse with a yard extending to approximately 0.66 acres (0.268 hectares) in total. The land is outlined in blue on the Promap within Schedule 2. Use m² ft² W house 1, ,693 Mezzanine Storage ,241 Total 1, ,934 Planning We are advised the property has planning permission for B8 Storage and Distribution uses. EPC/Energy Performance Certificate These have been prepared and are available upon request. 1) Main Building, Third Way, Avonmouth, Bristol Tenure Long leasehold for a term of 125 years from 8 July 2008 at a current rent of 12,268 per annum. The lease is drawn on FRI terms and is subject to a 5 yearly upward only review and to 10% of OMR. All areas have been calculated on a gross internal floor area basis in accordance with the RICS Code of Measuring Practice. Terms The properties are available as a whole or in part as follows: a) Leasehold new full repairing and insuring leases for a term of years to be agreed to incorporate five yearly upward only rent reviews. b) Purchase the sale of the long leasehold interests. 2) North Building, Third Way, Avonmouth, Bristol Rent/Price Main Building a) Rental - 295,000 pa exc b) Price - 3,000,000 North Building a) Rental - 95,000 pa exc b) Price - 775,000 East Building a) Rental - 75,000 pa exc b) Price - 575,000 Additional Information National Grid are considering the route of new Pylons which are to be installed un Avonmouth and the lines could run over the yard of the North Building. Further information is available on request.

3) East Building, Avonmouth Way, Avonmouth, Bristol Viewing Arrangements/Further Information Alder King Consultants Contact Andrew Ridler / Emma Smith Tel 0117 317 1071 / 1090 Fax 0117 317 1001 Email

4 3) East Building, Avonmouth Way, Avonmouth, Bristol Viewing Arrangements/Further Information Alder King Consultants Contact Andrew Ridler / Emma Smith Tel / 1090 Fax aridler@alderking.com esmith@alderking.com Ref AJR/RB/0164/73981 Date November 2014 Business Rates Warehouse & Premises 209,000RV Legal Costs Each party is 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. The Code for Leasing Business Premises in England and Wales 2007 Please see Asbestos Regulations It is the responsibility of the owner or tenant of the property, and anyone else who has control over it and/or responsibility for maintaining it to comply with the Control of Asbestos Regulations 2006 (CAR 2006). The detection of asbestos and asbestos related compounds is beyond the scope of Alder King and accordingly we recommend you obtain advice from a specialist source. SUBJECT TO CONTRACT Alder King LLP is a Limited Liability Partnership registered in England and Wales. No OC Registered Office: Pembroke House, 15 Pembroke Road, Clifton, Bristol, BS8 3BA. A list of all Members is available at the registered office.

FOR SALE Bristol CONSENTED EMPLOYMENT SITE. Severn Road/ Church Road Pilning Avonmouth Bristol BS35 4PW. 3.9 acres - (1.58 ha)

FOR SALE Bristol CONSENTED EMPLOYMENT SITE Severn Road/ Church Road Pilning Avonmouth Bristol BS35 4PW 3.9 acres - (1.58 ha) With consent for approx 16,000 sq ft of warehouse / workshop M49 Avonmouth /