248 Muller Road Horfield Bristol BS7 9ND

248 Muller Road
Horfield
Bristol
BS7 9ND

Freehold Tyre Depot Investment

Entirely let to Kwik-Fit Properties Ltd with a guarantee from Kwik-Fit Holdings Ltd
Lease expires February 2029 (no breaks)
Nearby occupiers include National Car Rental, Europcar Car Rental and B&Q
Prominent location close to M32 motorway
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
23
Auction
12th February 2015
Rent
£38,949 per Annum
Status
Sold
Price
£464,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Tyre Depot Investment

Entirely let to Kwik-Fit Properties Ltd with a guarantee from Kwik-Fit Holdings Ltd
Lease expires February 2029 (no breaks)
Nearby occupiers include National Car Rental, Europcar Car Rental and B&Q
Prominent location close to M32 motorway
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 23
Auction 12th February 2015
Rent £38,949 per Annum
Status Sold
Price £464,000
Sector
Motor Trade, Petrol Station
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 3 miles north-east of Bristol City Centre 13 miles north-west of Bath
Roads: A432, M32 (Junction 2), M4 (Junction 19)
Rail: Bristol Parkway Railway Station
Air: Bristol Airport

Situation

The property is situated in a prominent position on the south side of the busy Muller Road, opposite its junction with Shaldon Road. Muller Road runs directly off the M32 (Junction 2). Europcar Car Rental is located adjacent to the property.

Tenure

Freehold.

Location

Miles: 3 miles north-east of Bristol City Centre 13 miles north-west of Bath
Roads: A432, M32 (Junction 2), M4 (Junction 19)
Rail: Bristol Parkway Railway Station
Air: Bristol Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor tyre and exhaust depot with ancillary accommodation on the first floor. The property benefits from a forecourt with car parking spaces for approximately 10 cars.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground First	Workshop/ Motor Trade Ancillary	286.93 sq m 61.31 sq m	(3,088 sq ft) (660 sq ft)	KWIK-FIT PROPERTIES LIMITED (1) with a guarantee from Kwik-Fit Holdings Limited (2)	30 years from 24/02/1999 until 23/02/2029 on a full repairing and insuring lease	£38,949.17	24/02/2019 and five yearly
Totals		348.24 sq m	(3,748 sq ft)			£38,949.17

(1) For the year ending 31st March 2014, Kwik-Fit Properties Limited reported a total net worth of £2,020,000 (Source: www.riskdisk.com 15/01/2015). Please note the property has been sublet at the rent passing, to a tenant trading as Ablefit Tyre and Exhaust (who trade from two other branches in Bristol).
(2)For the year ending 31st March 2014, Kwik-Fit Holdings Limited reported pre-tax profits of £95,410,000 and a total net worth of £28,518,000. (Source: www.riskdisk.com 15/01/2015)