Dean Road Trading Estate, Avonmouth, Bristol, BS11 8AT 020 7588 4433

Freehold Industrial Investment

Multi Let Industrial investment opportunity Dean Road Trading Estate, Avonmouth, Bristol, BS11 8AT

M5 Royal Portbury Dock 8A Jct 1 Proton Cars Avonmouth Keuhne Dock CHEP & Nagel

Nisbets Royal Edward Richard Dock Austin Alloys Budget Greeting Cards ASDA

Investment Considerations

Accolade Wines ■■ Freehold 3 0 ■■ Established industrial estate 4 A ■■ Located in the heart of Avonmouth industrial area ■■ Redevelopment potential ■■ Large site of 6.48 acres with low site cover of 24% The Property ■■ Total accommodation area of 64,021 sq ft (5,947sq m) and 38 HGV parking bays Severnside ■■ Passing rent of £308,691 per annum Trading Estate ■■ We are instructed to seek offers of £3,300,000 (Three Million Three Hundred Thousand Pounds), subject to contract and exclusive of VAT, which reflects an attractive net initial yield of approximately 8.84%, with a reversion to 9.87% after purchaser’s costs of 5.80%. A purchase at Honda this level reflects a low capital value of approximately £50 per sq ft. WORCESTER M1 A49 M5 Evesham M40 Hereford A429 Milton Keynes A46 M50 A424 Bletchley

A455 A44 GLOUCESTER M1 A40 OXFORD A41 Aylesbury A420 A40 A418 A48 Cirencester OXFORD A449 M40 M5 A420 High Wycombe Newport M48 M25 A433 SWINDON M4 AVONMOUTH Maidenhead CARDIFF M4 BRISTOL Chippenham M4 READING A346 Windsor A46 Newbury Barry BRISTOL A38 A37 BATH A33 M3 M25 A338 A34 Aldershot Frome Andover A361 Farnham M5 M3 A31 Glastonbury SALISBURY Winchester

A37 A350

Location a

g Bristol is the largest city and most significant Bristol is an important industrial location and n i Se M49 n ve e r t n t R distribution location in the South West. The city is distribution centre, acting as a gateway to the South i o h a d located approximately 118 miles (190 km) west of West and Wales while providing comprehensive links C

P London, 88 miles (142 km) south of Birmingham to the Midlands and London. Bristol benefits from op e l ar an W e L ay ok W B and 44 miles (71 km) east of Cardiff. excellent road, rail, sea and air transportation links. m 4 S 0 5 d 9 oa R Bristol benefits from excellent road links being Bristol International Airport is located approximately St. Andrew’s k A an Road 3 eb 4 0 r d e H a 0 4 M a o 1 situated close to the intersection of the M4, M5 9 miles (14 km) south of the city, accessed via A l le R 8 K n R n d i M49 n o o a g a i o s d t and M49 motorways. The M5 links the south of the the A38. Bristol has two mainline railway stations, a R W e t s s S w t o P e n M5 city to Exeter and Cornwall and Birmingham to the Bristol Temple Meads and Bristol Parkway, with a r a d L B n a s n 4 A s e 0 . a t 5 north. The M4 links Cardiff to the west and London journey time to London Paddington of approximately ad g

S o 5 R e

o H t R s e

e n to the east. The M49 joins the M5 at Junction 18 90 minutes. o W b Avonmouth u s a g r n y d i R and provides a link to the M4 at Junction 22. K o a 7 d 5 0

B F 4 y 0 a a 5 Syl l v W c 4 a n 2 o 6 H et n i tre 1 d g h S rtway 4 a Po A le M5 4 R

A o

a Shirehampton d

Sea Mills Dean Road Trading Estate, Avonmouth, Bristol, BS11 8AT

1 1 1 El Sub Sta c Sluice

1 1 1 b Situation

D 1 A 1 1 Avonmouth is located approximately 8 miles (13 km) O a

A north west of Bristol City Centre, accessed via Junction

D 3 0

2 18/18A of the M5 motorway. The M4/M5 interchange

1 3

0 is around 6 miles (10 km) to the north east and

1 1 B 3 U R C O T Avonmouth Dock is within 0.5 miles (1 kilometre) and T R O 1 Dean House A 1 D 2 Portbury Dock is within 2 miles (3 km) of the estate.

The estate is located on Dean Way which is accessed

a via Burcott Road and links to the A403 (St Andrews

2 3

0 3

b Road) one of the principal arterial roads offering quick access to the to the 1.9 miles (3 km) from Junction 1 of the M5 which provides access to the M4 (Junction 22)

8 and South Wales.

2 0 2 The property is situated between Cabot Park and Access 1 1

2 18 Avonmouth’s newest industrial scheme. Major 5 0

2 occupiers in the immediate vicinity include; Costco

0 2 Wholesale, John Lewis, CO-OP, Nisbets, Constellation

Europe, Honda, Keuhne & Nagel, Superdrug and Robert

3 0

2 Wiseman Dairies.

Dean Road Trading Estate

1 1

6 Description 6 The property occupies a large secure industrial estate with part of the service yard utilised for HGV trailer parking and secure open storage. The industrial

/ warehouse units are configured as 9 individual

0 2 units arranged in 2 terraces providing a total GIA of approximately 60,663 sq ft (5,635 sq m) and an additional two storey office building providing a NIA of

1 approximately 3,358 sq ft (312 sq m).

3 The secure yard area provides a designated HGV 0 2 parking bays for 38 vehicles. Dr ain The industrial units are steel portal frame with part brick construction, part steel clad elevations rising to a pitched roof. Internally the units benefit from concrete floors, roller shutter doors and a minimum internal 0m 25m 50m 75m eaves height of 5.0m.

M e re © Crown Copyright, ES 100004106. For identification purposes only. B Ordnance Survey © Crown Copyright 2014. All rights reserved. Licence number 100022432. Plotted Scale - 1:1760 a n k Development potential In our opinion the site has potential for further development owing to the low site cover. Draft plans have been prepared which incorporates the construction of 6 further units to the site, details are available on request.

Site The estate comprises a site of approximately 6.45 acres (2.61 hectares). This provides a low site cover approximately 24%.

Tenure EPC Freehold EPC’s are available on request.

VAT We understand the property has been elected for VAT and therefore VAT will be chargeable on the purchase price. We anticipate that the transaction will be treated as a transfer of a going concern (TOGC). Tenancies & Accommodation Parking Passing Unit Tenant Lease Start Lease End Area Sq ft Area Sq M Spaces Rent £ psf ERV £ psf Comments Industrial 1 Clipper Logistics Group Ltd 17/02/2011 16/02/2016 9,980 927.70 12 £36,940 £3.70 £39,902 £4.00 Service charge cap of £2,500 p.a. 2 Sharps Brewery Ltd 01/10/2014 30/09/2019 6,738 625.90 £26,952 £4.00 £26,952 £4.00 TOB 01/06/15, Schedule of condition TOB on 01/11/2017 at any time 6 months notice, 3 Riverford Organic Vegetables Ltd 01/11/2014 31/10/2019 5,091 472.90 £20,000 £3.93 £20,364 £4.00 Schedule of condition. 4 U/o to Norbert Dentressangle 29/09/2014 28/09/2017 4,800 445.90 £20,000 £4.17 £20,000 £4.14 TOB 30/06/2016, Schedule of condition 5 Avonmouth Brake Centres Ltd 26/03/2013 25/03/2016 4,736 440.00 £37,000 £7.81 £37,000 £7.87 6 Lloyd Fraser Ltd 15/03/2010 14/03/2016 18,610 1,728.90 £50,300 £2.70 £69,787 £3.75 Schedule of condition 8A Harrow Green Ltd 01/01/2014 30/06/2014 4,240 393.90 £13,000 £3.07 £16,960 £4.00 Schedule of condition 8B F.P. & S. Parts & Service Ltd 26/04/2014 25/04/2019 2,949 273.90 £14,000 £4.75 £14,000 £4.75 8C P.J. Murphy 01/03/2011 28/02/2016 3,519 326.90 £9,969 £2.83 £14,076 £4.00 Sub total 60,663 5,635.50 £228,161 £259,041 offices 1 J.D. Morgan Transport Ltd 01/03/2012 28/02/2015 529 49.10 £1,000 £1.89 £1,000 £1.89 2 Aquatonics UK Ltd 01/11/2014 31/10/2017 1,104 102.50 £6,630 £6.00 £6,630 £6.00 Inclusive of service charge 3 Harrow Green Ltd 01/05/2014 30/04/2015 200 15.60 £1,200 £6.00 £1,200 £6.00 4 Vacant 153 14.20 £1,000 £6.00 5 Security 2000 Ltd 01/01/2012 31/12/2017 1,190 110.50 £3,500 £2.94 £3,570 £3.00 6 Landlord's Store 82 7.61 7 Vacant 100 8.70 £1,000 £10.00 Sub total 3,358 310.60 £12,330 £14,400 yard 1A Norbert Dentressangle Logistics Ltd 29/09/2014 28/09/2017 0 £25,000 £25,000 0.57 acres, £22,500 until 31/12/14. TOB 30/06/2016 Compound Clarks Bros Scaffolding 01/06/2014 31/05/2026 0 £12,000 £12,000 0.25 acres, £10,000 until 31/05/15 GF Portacabin Landlord's Store 1.00 0 £1,500 1st Portacabin Management/Security Office 1.00 0 1 £1,500 Sub total £37,000 £40,000 hgv spaces 1-3 County Tyres 01/01/2014 31/12/2014 3 £3,600 £3,600 4 B D Shore 01/10/2014 30/09/2015 1 £1,200 £1,200 5 Scrivin Logistics 01/01/2014 31/12/2014 1 £1,200 £1,200 6 Norbert Dentressangle Tankers Ltd 01/07/2013 30/06/2014 1 £1,200 £1,200 Renewing 7-8 Harrow Green Ltd 01/05/2014 30/04/2015 2 £2,400 £2,400 9-12 Carlyne Transport 01/10/2013 30/09/2014 4 £4,800 £4,800 Renewing 13 Fire Assembly Point 0 14-15 Morgan Transport 01/10/2013 30/09/2014 2 £2,400 £2,400 Renewng 16-17 Hemmens Transport 01/12/2013 30/11/2014 2 £2,400 £2,400 18 Byrnes Transport 01/12/2012 30/11/2014 1 £1,200 £1,200 19-30 Clipper Logistics Group Ltd 12 Included in Unit 1 lease. 31-35 Norbert Dentressangle Transport 01/12/2013 30/11/2014 5 £6,000 £6,000 36 B McDanagh 01/04/2014 31/03/2015 2 £2,400 £2,400 37 Jason Scrivin 01/01/2014 31/12/2014 £1,200 £1,200 38 West Haulage Ltd 01/06/2014 31/05/2015 1 £1,200 £1,200 Sub total £31,200 £31,200 TOTAL £308,691 £344,641

Dean Road Trading Estate, Avonmouth, Bristol, BS11 8AT

Proposal We are instructed to seek offers of £3,300,000 (Three Million Three Hundred Thousand Pounds), subject to contract and exclusive of VAT, which reflects an attractive net initial yield of approximately 8.84%, with a reversion to 9.87% after purchaser’s costs of 5.80%. A purchase at this level reflects a low capital value of approximately £50 per sq ft.

020 7588 4433 For further information or to make arrangements for viewing please contact: Iain Biddlestone Alex Butler Mark Dansky 01392 251 171 020 7543 6722 020 7543 6813 [email protected] www.haarergoss.com [email protected] [email protected] www.allsop.co.uk

Misrepresentation Act: 1. Allsop LLP and Haarer Goss on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop and Haarer Goss is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop or Haarer Goss nor any of their members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. Haarer Goss is the trading name of Haarer Goss LLP. Design: CommandD www.commandHQ.co.uk 11.14