Multi-Let Industrial Investment Sale Southfield Road Trading Estate, Nailsea, Bristol, BS48 1JE Units 34, 35, 37, 38 & 39

Investment Summary

• Opportunity to buy a freehold industrial investment in popular area of North Somerset

• 5 units extending to 5,245 sq ft GIA in total

• AWULT of 3.3 year to expiry, 2.06 years to break

• Total passing rent of £36,500 per annum

• Offers sought in excess of £500,000, exclusive of VAT

• Attractive net initial yield of 6.97% and a low capital value of £95 per sq ft

Contact:

Somerset House Will Botsford James Frost 18 Canynge Road Direct Dial: Direct Dial: SUBJECT TO CONTRACT Clifton 0117 946 4519 0117 946 4563 Mobile: Mobile: Bristol BS8 3JX 07774 017218 07741 664631 T. 0117 923 9234 Email: Email: [email protected] [email protected] www.htc.uk.com Multi-let Industrial Investment Sale Units 34, 35, 37, 38 & 39 Southfield Road Trading Estate, Nailsea, Bristol, BS48 1JE

Location

Nailsea is a popular town located in North Somerset, approximately 10 miles south west of Bristol. Nailsea has a population of 15,498 and is served by a Tesco's Superstore, Waitrose and the busy Crown Glass Shopping Centre. The principal road serving Nailsea is the B3130 leading West to Clevedon and junction 20 of the M5, the A370 (for Bristol) and the A38 (for Bristol Airport) to the east .

Nailsea benefits from two industrial locations, West End Trading Estate to the west of the town and Southfield Road Trading Estate where the subject property is located, a short walk from Nailsea town centre.

Motorway • 5 miles to J20 of the M5, providing access to the M4 via Junction 16 • 10.5 miles to the M32

Rail • 1.8 miles to Nailsea & Backwell train station • 9.5 miles to Temple Meads train station • Both providing access to London and other major UK cities

Airport • 5.5 Miles to Bristol Airport

Situation

The estate is located on the Southfield Road industrial area of Nailsea, accessed by Southfield Road via Nailsea High Street and Clevedon Road. The whole estate extends to 7.33 acres and the units are situated to the rear of the estate with access directly off the main estate road.

Occupiers on the estate include Travis Perkins, Nylaplas Engineering, Cornelsen Ltd and Marcol. Other nearby occupiers include Kwik-Fit and ABC Enamelling. GE Oil and Gas occupy office buildings nearby. Multi-let Industrial Investment Sale Units 34, 35, 37, 38 & 39 Southfield Road Trading Estate, Nailsea, Bristol, BS48 1JE

Description

The property comprises 5 light industrial/warehouse units arranged in two separate terraces. They are of steel portal frame construction with cavity brick and blockwork elevations beneath a pitched roof incorporating single and double skin roof lights.

The units have concrete floors, fluorescent strip lighting, WC facilities and a minimum internal eaves height of approximately 3 metres. Vehicular access is via a roller shutter loading door to the front elevation of each unit.

Externally the units benefit from a shared forecourt for parking and loading.

Accommodation

Unit Area (GIA) Unit 34 97.30 sq m 1,047 sq ft Unit 35 97.21 sq m 1,046 sq ft Units 37 & 38 194.03 sq m 2,089 sq ft Unit 39 98.72 sq m 1,063 sq ft Total Area 487.26 sq m 5,245 sq ft Multi-let Industrial Investment Sale Units 34, 35, 37, 38 & 39 Southfield Road Trading Estate, Nailsea, Bristol, BS48 1JE

Tenancy Schedule

Unit Tenant Area Rent Lease Lease Break Comments Beaver Bespoke Ltd (Sq Ft) (p.a) Start Expiry Clause Beaver Bespoke specialise in domestic and commercial 34 Beaver Bespoke 1,047 £7,500 25/05/2018 24/05/2023 24/05/2021 FRI subject to cleaning, and provide services to schools, offices, Ltd Schedule of warehouses and council. Condition. Outside the act. www.beaverbespoke.co.uk

35 Jan Marek 1,046 £7,500 07/03/2018 06/03/2023 06/03/2021 FRI subject to Glogowski Schedule of Stripped Wood t/a Stripped Condition. Wood Outside the act. The company uses the premises as a workshop and storage for a wood joinery and carpentry business. 37 & David Brian Lye 2,089 £14,000 05/07/2019 04/07/2024 04/07/2022 FRI 38 t/a DBL Landrovers D B L Landrovers

39 Sprinting Hare 1,063 £7,500 23/03/2018 22/03/2021 - FRI subject to DBL Landrovers is an independent specialist in Land JDM Limited Schedule of Rover repair and servicing, with over 30 years service. Condition. Outside the act. Total 5,245 £36,500 Sprinting Hare JDM Limited

Sprinting Hare JDM specialise in the sale of performance and rare automotive parts for Subaru, which are supplied directly from Japan.

The premises is primarily used for storage and distribution of parts and cars.

www.sprintingharejdm.co.uk Multi-let Industrial Investment Sale Units 34, 35, 37, 38 & 39 Southfield Road Trading Estate, Nailsea, Bristol, BS48 1JE

Unit 34 Unit 35 Units 37 & 38 Multi-let Industrial Investment Sale Units 34, 35, 37, 38 & 39 Southfield Road Trading Estate, Nailsea, Bristol, BS48 1JE

Unit 39 O/S Extract Multi-let Industrial Investment Sale Units 34, 35, 37, 38 & 39 Southfield Road Trading Estate, Nailsea, Bristol, BS48 1JE

Proposal We are seeking offers in excess of £500,000 (five hundred thousand pounds only) subject to contract and exclusive of VAT, reflecting a net initial yield of 6.97% assuming the usual purchasers costs. EPC

Available upon request.

EPC

The property is registered for VAT and therefore VAT will be payable on the purchase price.

For further information or to arrange an inspection, please contact:

Will Botsford James Frost Direct Dial: Direct Dial: 0117 946 4519 0117 946 4563 Mobile: Mobile: 07774 017218 07741 664631 Email: Email: [email protected] [email protected]

February 2020

SUBJECT TO CONTRACT Date of Production: 08-Nov-2018

Hartnell Taylor Cook LLP is a Limited Liability Partnership registered in England and Wales OC 313211. Hartnell Taylor Cook LLP is regulated by the RICS.

Hartnell Taylor Cook LLP 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 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 the intending purchasers or lessees in inspecting properties that have been sold or withdrawn; • Unless expressly stated any intended purchasers or lessees must satisfy themselves independently as to the instance or otherwise of any noxious substance