Let to National Car Park Limited until 2028 (no breaks)
Comprises approximately 0.49 ha (1.22 acres)
Popular residential suburb approximately 1 mile from Bristol City Centre
Development Potential (subject to consents)
Immediately north of Bedminster Railway Station and adjacent to St Catherine’s Place Shopping Centre
Nearby occupiers include Asda, Iceland, Boots the Chemist and Barclays Bank
Currently Producing £53,779 per annum exclusive Rising to £59,373 p.a.x in 2018 and £65,552 p.a.x. in 2023
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 37
Auction 13th October 2016
Rent £53,779 per Annum Exclusive
Status Sold
Price £1,220,000
Sector Motor Trade/Petrol Station
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
13 miles north-west of Bath, 41 miles east of Cardiff
Roads
A4, A37, A38, M32
Rail
Bedminster Railway Station
Air
Bristol Airport
Situation
The property is situated in the popular Bristol suburb of Bedminster some 1 mile south-west of Bristol City Centre and occupies a prominent position fronting Dalby Avenue, close to its junction with busy East Street and immediately to the north of Bedminster Railway Station. St Catherine's Place Shopping Centre is immediately adjacent and nearby occupiers include Asda, Iceland, Boots the Chemist and Barclays Bank.
Tenure
Freehold.
Location
Miles
13 miles north-west of Bath, 41 miles east of Cardiff
Roads
A4, A37, A38, M32
Rail
Bedminster Railway Station
Air
Bristol Airport
Situation
The property is situated in the popular Bristol suburb of Bedminster some 1 mile south-west of Bristol City Centre and occupies a prominent position fronting Dalby Avenue, close to its junction with busy East Street and immediately to the north of Bedminster Railway Station. St Catherine's Place Shopping Centre is immediately adjacent and nearby occupiers include Asda, Iceland, Boots the Chemist and Barclays Bank.
Tenure
Freehold.
Description
The property comprises a surface level car park for approximately 170 cars benefiting from a site area of approximately 0.49 ha (1.22 acres).
VAT
VAT is applicable to this lot.
Planning
The property may further benefit from longer term development potential (subject to consents).
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a surface level car park for approximately 170 cars benefiting from a site area of approximately 0.49 ha (1.22 acres).
VAT
VAT is applicable to this lot.
Planning
The property may further benefit from longer term development potential (subject to consents).
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Use
Site Areas
Tenant
Term
Rent p.a.x
Reviews
Car Park
0.49 ha (1.22 acres)
NATIONAL CAR PARKS LIMITED (1)
25 years from 23/09/2003 until 2028
£53,779 Rising to £59,373 p.a.x in 2018 and £65,552 p.a.x in 2023 (2)
23/09/2018 23/09/2023
TOTALS
0.49 ha (1.22 acres)
£53,779
1) For the year ending 27th March 2015, National Car Parks Limited reported a turnover of £198,736,000, pre-tax profits of £14,859,000 and a total net worth of £156,973,000. (Source: www.riskdisk.com 13/09/2016). (2) The lease provides for fixed increases in the rent to £59,373 per annum exclusive on 23rd September 2018 and to £65,552 per annum exclusive on 23/09/2023.
