NCP Car Park, Dalby Avenue, Bedminster Bristol BS3 4HH

  • NCP Car Park, Dalby Avenue,<br>Bedminster<br>Bristol<br>BS3 4HH

NCP Car Park, Dalby Avenue,
Bedminster
Bristol
BS3 4HH

Freehold Car Park Investment

  • 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
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
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Freehold Car Park Investment

  • 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.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Kennedy Wilson 1 London Bridge
London
SE1 9BG
Paul Amandini 02078 308 132paul.amandini@hkfsi.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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