248 Muller Road Horfield Bristol BS7 9ND

248 Muller Road
Horfield
Bristol
BS7 9ND

Freehold Tyre Depot Investment

  • Entirely let to Kwik-Fit Properties Ltd with a guarantee from Kwik-Fit Holdings Ltd
  • Lease expires February 2029 (no breaks)
  • Nearby occupiers include National Car Rental, Europcar Car Rental and B&Q
  • Prominent location close to M32 motorway
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    23
  • Auction
    12th February 2015
  • Rent
    £38,949 per Annum
  • Status
    Sold
  • Price
    £464,000
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Freehold Tyre Depot Investment

  • Entirely let to Kwik-Fit Properties Ltd with a guarantee from Kwik-Fit Holdings Ltd
  • Lease expires February 2029 (no breaks)
  • Nearby occupiers include National Car Rental, Europcar Car Rental and B&Q
  • Prominent location close to M32 motorway
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 23
  • Auction 12th February 2015
  • Rent
  • Status Sold
  • Price £464,000
  • Sector
    Motor Trade/Petrol Station
  • 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)

Property Documents

  • Catalogue Page
    Updated Date
    21.01.15
    File Size
    878 KB
    View PDF
  • Site Plan
    Updated Date
    21.01.15
    File Size
    48 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Fladgate LLP 16 Great Queen Street
London
WC2B 5DG
Liam McArdle 0203 036 7218lmcardle@fladgate.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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