Let to Brookfield Garage Limited until December 2027 (no breaks)
Tenant in occupation since 2007
Annual rent reviews to the higher of 2% p.a or uncapped RPI
Site area approximately 0.05 ha (0.12 acres)
Prominent corner location in popular residential suburb, 2 miles north of Bristol City Centre
Future residential development potential (subject to lease and consents)
Lot 3
Auction 2nd November 2023
Rent £62,944 per Annum Exclusive rising annually (3)
Status Withdrawn Post
Price
Sector Motor Trade, Petrol Station
Auction Venue Live Streamed Auction
Property Information
Location
Miles
11 miles north-west of Bath
Roads
A37, A38, A46, A370, A432, M4, M5, M32
Rail
Montpelier Train Station
Air
Bristol Airport
Situation
The property is situated in Bishopston, in a popular residential area on the east side of Ashley Down Road, at its junction with Ralph Road, two miles north of Bristol City Centre.
Tenure
Freehold.
Location
Miles
11 miles north-west of Bath
Roads
A37, A38, A46, A370, A432, M4, M5, M32
Rail
Montpelier Train Station
Air
Bristol Airport
Situation
The property is situated in Bishopston, in a popular residential area on the east side of Ashley Down Road, at its junction with Ralph Road, two miles north of Bristol City Centre.
Tenure
Freehold.
Description
The property comprises a vehicle repair workshop arranged on the ground floor only. The property comprises approximately 3,528 sq ft on a site area of 0.05 ha (0.12 Acres).
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band E
Description
The property comprises a vehicle repair workshop arranged on the ground floor only. The property comprises approximately 3,528 sq ft on a site area of 0.05 ha (0.12 Acres).
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band E
Tenancy & Accommodation
Floor
Use
Gross Internal Floor Areas Approx sq m
Gross Internal Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground
Motor Trade/Ancillary
327.75
(3,528)
BROOKFIELD GARAGE LIMITED (1)
10 years from 21/12/2017 (2) on a full repairing and insuring lease
£62,944.06
29/09/2024 and annually thereafter (3)
Total
327.75
(3,528)
£62,944.06
(1) Brookfield Garage Limited offer car servicing, MOT's and repairs and are an RAC approved garage. They were incorporated in 1999 and have grown to become the largest independent garage in North Bristol (www.brookfieldgarages.co.uk). (2) The lease is contracted outside of the Security of Tenure Provisions of the Landlord & Tenant Act 1954 (Part II). The tenant has been trading at this site since 2007. (3) Annual rent reviews to the higher of 2% p.a. or uncapped RPI (please see lease).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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