Light industrial for sale in Petherton Road, Bristol BS14

Investment Consideration:
Gross Initial Yield: 10.00%
Rental Income: £41,500 p.a.
VAT is applicable to this property
Total gia 480 sq m (5,167 sq ft)
Comprises 3 light industrial units t/a bespoke kitchen manufacturer and a vehicle repair and storage workshops
Situated on the busy established Central Park Trading Estate, 2.5 miles south-east of Bristol City Centre

Property Description:
Comprises parade of three adjoining light industrial units. Two of the units (803/804) comprise accommodation on the ground and a mezzanine floor, while units 803/805 benefit from vehicle access loading doors and external yard. In addition, Unit 803 has recently been fully refurbished. The properties provide the following accommodation and dimensions:
Unit 803: 182 sq m (1,960 sq ft)
Two open plan workshops with separate entrances, ancillary at mezzanine and yard to the side
Unit 804: 154 sq m (1,657 sq ft)
Open plan workshop with ancillary at mezzanine
Unit 805: 144 sq m (1,550 sq ft)
Open plan workshop
Total gia: 480 sq m (5,167 sq ft)

Tenancy:
Unit 803 is at present let to Handmade Shaker Kitchens Ltd t/a Olive and Barr* for a term of 5 Years from 28th February 2024 at a current rent of £15,000 per annum and the lease contains full repairing and insuring covenants. Tenant option to determine on 28.02.27. Deposit held of £4,500.
Unit 804 is at present let to an Individual** for a term of 5 Years from 23rd October 2022 at a current rent of £13,500 per annum and the lease contains full repairing and insuring covenants. Deposit held of £2,250.
Unit 805 is at present let to an Individual** for a term of 5 Years from 31st December 2022 at a current rent of £13,000 per annum and the lease contains full repairing and insuring covenants. Deposit held of £2,166.

*Handmake Shaker Kitchens Limited are a bespoke kitchen design company with showrooms in London, Malvern, Elkstone and Bristol ().
** The tenant, currently operating Units 804/805, is also occupying Unit 603 (from different vendor). Units 804/805 is part of their business expansion.

Location:
The City of Bristol has a population of some 410,000 and is a major port and regional centre situated at the head of the Bristol Channel, 106 miles west of Central London. The city benefits from excellent communications being situated adjacent to the intersection of the M4 and M5 motorways, providing swift access to London, South Wales, the South-West and the Midlands. In addition the city has its own international airport. The property is situated on the busy established Central Park Trading Estate, 2.5 miles south-east of Bristol City Centre. Neighbouring occupiers include numerous local trade counter and industrial businesses.