Freehold Modern Office Investment on Established Business Park
Comprises 2 self-contained office buildings
Approximately 476.00 sq m (5,124 sq ft) with excellent parking
Nearby occupiers include Orange, RAC and NHS Direct
Benefits from an excellent location approximately 1 mile from M5 Motorway (Junction 16)
Six Week Completion
Lot 57
Auction 17th October 2013
Rent £23,265 per Annum Exclusive
Status Sold
Price £235,000
Sector Office
Auction Venue The Millennium Hotel 44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Miles
6 miles north of Bristol city centre
20 miles north-west of Bath
40 miles west of Cardiff
Roads
A38, M5 (Junction 16), M4/M5 Interchange
Rail
Bristol Parkway Railway Station (direct to London Paddington)
Air
Bristol Airport
Situation
The property is situated in Apex Court which benefits from being clearly visible from the adjacent M4 Motorway. Apex Court is part of the established Almondsbury Business Park which lies adjacent to Aztec West, home to a number of major employers. Other occupiers on the park include Orange, RAC and NHS Direct.
Tenure
Freehold.
Location
Miles
6 miles north of Bristol city centre
20 miles north-west of Bath
40 miles west of Cardiff
Roads
A38, M5 (Junction 16), M4/M5 Interchange
Rail
Bristol Parkway Railway Station (direct to London Paddington)
Air
Bristol Airport
Situation
The property is situated in Apex Court which benefits from being clearly visible from the adjacent M4 Motorway. Apex Court is part of the established Almondsbury Business Park which lies adjacent to Aztec West, home to a number of major employers. Other occupiers on the park include Orange, RAC and NHS Direct.
Tenure
Freehold.
Description
The property comprises 2 self-contained office buildings arranged over three floors and offering modern, flexible office space. The offices benefit from raised floors, suspended ceilings, double glazing, low glare lighting and on-site parking for a total of 18 cars.
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 2 self-contained office buildings arranged over three floors and offering modern, flexible office space. The offices benefit from raised floors, suspended ceilings, double glazing, low glare lighting and on-site parking for a total of 18 cars.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
18
Ground First Second
Office Office Office
73.29 sq m 70.14 sq m 86.95 sq m
(789 sq ft) (755 sq ft) (936 sq ft)
SOGECLAIR AEROSPACE LTD (1)
6 years from 23/01/2011 on a full repairing and insuring lease
£23,265 (2)
22/01/2017
Sub-Total
230.38 sq m
(2,480 sq ft)
17
Ground First Second
Office Office Office
82.21 sq m 76.09 sq m 87.32 sq m
(885 sq ft) (819 sq ft) (940 sq ft)
FULL VACANT POSSESSION
Sub-Total
245.62 sq m
(2,644 sq ft)
Totals
476.00 sq m
(5,124 sq ft)
£23,265
(1) For the year ending 31st December 2012, Sogeclair Aerospace Ltd reported a turnover of £2,317,538, pre-tax profits of £4,276 and a total net worth of £690,528. (Source: www.riskdisk.com 16/09/2013) Sogeclair Aerospace, as part of SOGECLAIR S.A., is a major partner in engineering and a prime contractor for the aerospace industry. With a total team of nearly 750 highly qualified people, SOGECLAIR Aerospace is present in France, Spain, the United Kingdom, Germany and Tunisia, as well as in the dollar zone and off-shore (India and Turkey). For further information please refer to www.sogeclairaerospace.com (2)The tenant has not activated its 22nd January 2014 option to determine and will therefore benefit from half rent for a year expiring 22nd January 2015. The seller has agreed to adjust the completion monies so that the property will effectively produce £23,265 p.a.x from completion of the sale.
