For Sale Nailsea Coates House, 4 High Street, BS48 1BT Residential Development Opportunity Development Opportunity Freehold land and building circa 0.915 acres (0.370 hectares). 24,283 sq ft (NIA) B1 office building. Permitted development rights consent for 29 No. units over ground and three upper floors. Ground floor let at an annual rent of 52,000 with a landlord break Oct 2018 and mutual break Oct 2020. Situated at the eastern end of High Street, Nailsea, North Somerset. A popular commuter town located approximately 9 miles south west of Bristol. Offers sought in excess of 2,000,000 excluding VAT subject to contract. February 2017 Subject to Contract
Location Coates House is located at the eastern end of High Street approximately 9 miles from Bristol with easy access to the M5 motorway at junctions 19 and 20, both approximately 5 miles to the west via the B3130 and B3218. Nailsea and Backwell Station provides regular direct services to Bristol, London and the South West. Local occupiers include GE Oil and Gas, Tesco, Golden Valley Vets and North Somerset Coaches. There a Touts Budgens opposite the site offering an express food store with a Tesco Super Store and Waitrose Supermarket located a short walk away. The town center offers arrange of facilities and is a popular destination in its own right. Travel distances: M5 Junction 20 Clevedon 5.1 miles 12 minutes M5 Junction 19 Portishead 4.5 miles 10 minutes Bristol City Centre 8.9 miles 17 minutes Nailsea and Backwell mainline Station 1.4 miles 4 minutes
Description Coates House is a purpose built office building arranged over ground and three upper floors. Access is via a glazed entrance lobby and the property benefits from generous on-site parking located to the rear. The Site Accommodation The site measures in the order of 0.915 acres (0.370 ha) and offers the following approximate floor areas:- Sq m GIA Sq ft GIA Ground floor 729 7,847 First floor 458 4,930 Second floor 695 7,481 Third floor 695 7,481 TOTAL APPROX. 2,577 27,739 Sq m NIA Sq ft NIA Ground floor 614 6,606 First floor 387 4,165 Second floor 608 6,548 Third floor 647 6,964 TOTAL APPROX. 2,256 24,283
Nailsea Coates House, 4 High Street, BS48 1BT Title Plan Extract Ground Floor Existing
Ground Floor Proposed First Floor Proposed
Second Floor Proposed Third Floor Proposed
Internal Photographs
Tenure Freehold. The boundaries of the land and buildings are approximately outlined in red. There is a right of way serving the commercial development to the rear which is identified on the title plan (shaded pink). Planning The property is consented for B1 office use and prior approval has been obtained for permitted development right change of use to C3 Residential as follows: General Permitted Development Application No. 16/P/2046/CUPA Prior approval for a change of use from B1(a) business offices to 25 No. dwellings (6 x 1 bed flats and 19 x 2 bed flats). General Permitted Development Application No. 16/P/2941/CUPA Prior approval for a change of use from B1(a) business offices to 4 No. Class C3 dwelling houses on ground floor. The ground floor rear warehouse has also be looked at for conversion to residential with a statement drafted for part of an application for the demolition of the rear extension to Coates House and its replacement with a new two storey extension for 6 Class C3 flats (4x1 bed and 2x2 beds). Tenancy Schedule Vacant possession of the first, second and third floors will be granted upon completion of the sale, the ground floor is tenanted as follows: Term Area Lease Commencement 10 Years 6,606 sq ft 29/10/2015 29/10/2018 Landlord 29/10/2020 Mutual Break dates and initiator Notice period Lease Expiry Passing rent Pa Rent Review 9 Month(s) 28/10/2025 52,000 29/10/2020
Marketing Information Pack A link to the Information Pack is shown below or is available on request from the agents: Coates House Information Pack The information includes the following; Topographical Survey Planning Documents and Decision Notice Floor Plans Title Report EPCs Legal Costs Each party is to bear their own legal costs incurred in this transaction. VAT Proposals should be expressed exclusive of VAT. Method of Sale The property is offered for sale by Informal Tender with offers invited on an unconditional basis. Proposals should address the following:- Full name and contact details of the proposed purchaser. Purchase price (expressed exclusive of VAT). Timescale for exchange, completion and planning if appropriate. Extent of due diligence required prior to exchange. Source and proof of funds. Deposit arrangements. Indicative scheme plan and description supporting the financial proposal (including proposed Use Class). Neither Hartnell Taylor Cook LLP, Williams Gunter Hardwick Ltd nor their clients are bound to accept the highest or any offer.
Proposal Offers are sought in excess of 2,000,000 excluding VAT and purchaser s costs. Viewings and Enquiries The property can easily be viewed externally from the public highway. The property is fully secured and internal access will need to be arranged strictly by appointment only through the agents. For further information or to arrange an inspection of this property please contact the joint sole agents: Natalie Bennett (Hartnell Taylor Cook LLP) T: 0117 946 4534 M: 07799 773808 E: natalie.bennett@htc.uk.com Chris Grazier (Hartnell Taylor Cook LLP) T: 0117 946 4538 M: 07788 105578 E: chris.grazier@htc.uk.com Mike Woodliffe (Williams Gunter Hardwick Ltd) T: 0117 922 1222 M: 07585 308783 E: mike@wghproperty.co.uk Hartnell Taylor Cook LLP and Williams Gunter Hardwick Ltd for themselves and for the vendor or lessor of this property, whose agent they are, give notice that: These particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute part or whole of an offer or contract; All descriptions, dimensions, photographs, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but intending purchasers or lessees should not rely on them as statements or representations of fact and must satisfy themselves as to their correctness; No person in the employment of Hartnell Taylor Cook LLP or Williams Gunter Hardwick Ltd has any authority to make or give any representation or warranty whatsoever in relation to this property or these particulars nor enter into any contract on behalf of the vendor or lessor; Unless otherwise stated, all prices, rents and other charges are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction; All plant, machinery, equipment, services and fixtures and fittings referred to in these particulars were present at the date of publication. They have not been tested and we give no warranty as to their condition or operation; No responsibility can be accepted for any expenses incurred by intending purchasers or lessees in inspecting properties that have been sold or withdrawn.