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
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.
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
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.
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)