Investment for Sale

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Investment for Sale TO LET SECOND & THIRD FLOORS, 166 GLOUCESTER ROAD NORTH, PATCHWAY, BRISTOL, BS34 5BG PROMINENT OFFICE BUILDING FRONTING ONTO THE A38 (GLOUCESTER ROAD NORTH) ECONOMICAL SPACE AVAILABLE ON FLEXIBLE TERMS 1,031 SQ FT (95.7 SQ M) ON SITE PARKING LOCATION 166 Gloucester Road North is situated in a very prominent position fronting onto the A38, which is only 6 miles from Bristol city centre. Nearby occupiers include British Aerospace, Rolls Royce, Royal Mail Sorting Office and Filton College. Aztec West Business Park and junction 16 of the M4/M5 interchange is within 1 mile. Bristol Parkway Station and The Mall shopping centre are both within 3 miles. There is also access to the M32 motorway via the motorway network or via the ring road (A4174). DESCRIPTION The property comprises an original three storey detached building to the front, with an extension to the rear of the property. The available space is located on the 2nd and 3rd floors and benefits from a shared reception area, WC facilities, Cat II lighting, carpet flooring and gas central heating. ACCOMMODATION The property has been measured in accordance with the RICS International Property Measurements Standards (May 2015) and we confirm that the approximate usable floor area is as follows:- First Floor: 759 sq ft (70.5 sq m) Second Floor: 236 sq ft (21.9 sq m) Total: 1,031 sq ft (95.7 sq m) CAR PARKING There are 4 allocated car parking spaces. TENURE The property is available by way of a sub-lease up until the 23rd February 2019. The quoting rent is £12,000 per annum, exclusive which equates to approximately £11.65 per sq ft. A small service charge will also be payable – further details available on application. BUSINESS RATES There is currently are assessment for the whole building, so this will need to be reassessed when a new sub tenant takes occupation of the 1st & 2nd floors, however, for information purposes, we have estimated the business rates to be approximately £5.55 per sq ft. Interested parties are advised to make their own enquiries with the Valuation Office Agency website (www.voa.gov.uk). ENERGY PERFORMANCE CERTIFICATE Rating = C (62). VAT We are advised that the building is elected for VAT and therefore VAT will be payable on all prices. LEGAL COSTS Each party to bear their own legal costs incurred in this transaction. VIEWING AND FURTHER INFORMATION Strictly by appointment with the sole agents:- Burston Cook FAO: Finola Ingham MRICS Tel: 0117 934 9977 Email: [email protected] SUBJECT TO CONTRACT NOVEMBER 2016 Control of Asbestos at Work Regulations 2002 Under the Control of Asbestos at Work Regulations 2002 (CAW Regulations), the owner or tenant of the property, and any one else who has control over it and/or responsibility for maintaining or repairing it, may be under statutory obligation to detect and manage any asbestos or asbestos related compounds contained within the property. Failure to comply with the CAW Regulations is an offence and could adversely affect the value of the property. The detection of asbestos and asbestos related compounds is beyond the scope of Burston Cook expertise and accordingly: - (1) Burston Cook makes no representation as to the presence or otherwise of any asbestos or asbestos related compounds in the property. (2) Burston Cook strongly recommends that prospective purchasers obtain advice from specialist environmental constants if they have any concerns about asbestos and asbestos related issues. .
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