Let to JLC Distribution Limited, (In occupation for 10 years).
Licence fee paid a year in advance.
Light Industrial Unit with Vehicle Access Loading Door
New Roof installed recently.
Approximately 563.60 sq m (6,067 (sq ft)
Located on Established Industrial Estate
Immediately adjacent to M5 Motorway, Junction 20
Lot 37
Auction 25th September 2024
Rent £45,000 per Annum Exclusive
Status Available
Guide* £500,000 - £550,000
Sector Industrial
Auction Venue Live Streamed Auction
Property Information
Location
Miles
14 miles west of Bristol, 133 miles west of London
Roads
M5 (Junction 20), B3133
Rail
Yatton Rail Station
Air
Bristol International Airport
Situation
The property is located on a well established industrial estate, 600m east of Clevedon Town Centre. The property also benefits from immediate access to Junction 20 of the M5 motorway allowing for excellent transport links.
Tenure
Freehold.
Location
Miles
14 miles west of Bristol, 133 miles west of London
Roads
M5 (Junction 20), B3133
Rail
Yatton Rail Station
Air
Bristol International Airport
Situation
The property is located on a well established industrial estate, 600m east of Clevedon Town Centre. The property also benefits from immediate access to Junction 20 of the M5 motorway allowing for excellent transport links.
Tenure
Freehold.
Description
The property comprises a steel portal framed industrial unit on the ground and first floor benefitting from an eaves height of approximately 5m (16 ft) and a vehicle access loading door. The property also benefits from parking at the forefront for approximately 20 cars.
The Seller has recently installed a new roof on the prperty.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a steel portal framed industrial unit on the ground and first floor benefitting from an eaves height of approximately 5m (16 ft) and a vehicle access loading door. The property also benefits from parking at the forefront for approximately 20 cars.
The Seller has recently installed a new roof on the prperty.
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 sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Licence fee (pax)
Reversion
Ground First
Industrial Office
448.94 114.66
(4,832) (1,234)
JLC DISTRIBUTION LTD (CRN: 07395569) (2)
Let on a licence for a term of 12 months from 31st August 2024
£45,000 (Rent has been paid a year in advance)
30/08/2025
Total Approximate Floor Area
563.60
(6.067)
£45,000
(1) The above floor areas have been taken from the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/9826068000) (2) JLC Distribution are an IT Peripherals distributor servicing the UK, Europe and North America. The business was established in 2010, initially selling our products into the retail, and now exclusively distributing our products to resellers around the world. More information about the tenant can be found at https://www.jlcdistribution.co.uk/ For the year ending 31st August 2023 JLC Distribution Limited (crn07395569) reported Net Assets of £2,087,826. . (Source: Unaudited Finacial Statement, published at Companies House.)
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.
