Dixon Road Business Centre Investment

Dixon Road, Brislington, Bristol BS4 5QW, UK
£7,120,000
  • Status: Sold
  • Size: 78,584 sq. ft.
  • Tenure: Freehold
  • Property Type: Investment
  • Location: Bristol
  • Offer type: For Sale , Sold

Features

  • 3.5 miles from the City Centre
  • 42 Industrial Units
  • Freehold
  • Long Leasehold
  • Multi Let Industrial Estate
  • Rent passing of £511600pa

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Property Description

Industrial investment for sale Bristol

DESCRIPTION

The estate consists of 42 industrial units with an approximate total gross internal floor area of 78,584 sq ft.

The main building was converted in the 1990’s from a single property into a series of smaller units (units 1-23) which have all more recently been re-roofed. Units 24 to 51, totalling 30,903 sq ft, were built between 2008 and 2015 and are a mixture of traditional small industrial buildings and two storey hybrid office/storage units.

The properties are of steel frame construction with pitched roofs and walls of mainly brick / breeze block and some with PVC coated steel cladding. The properties benefit from W.C facilities, three phase electrics, manual roller shutters and suitable parking facilities.

Offers in excess of £7,120,000

 

LOCATION & SITUATION

Bristol is the 5th largest conurbation in the UK and capital of the south west, situated approximately 120 miles west of London, 88 miles south of Birmingham and 78 miles north of Exeter.

Excellent road communications are provided with the M5/M4 motorway interchange situated 4 miles north of the city centre. The M32 motorway provides a fast link from the city centre to Junction 19 of the M4, 5.5 miles to the north east. The M48 and M49 motorways give access to South Wales via both Severn crossings.

Bristol has a diverse range of public and private employers including healthcare, government, engineering, defence, finance, professional services and aerospace operators. The city has the largest employment in the insurance, banking and financial services outside London.

Brislington is situated approximately 3.5 miles to the south east of Bristol’s city centre and 10 miles north west of Bath. Access is via Dixon road which is close to the A4, a main arterial route into Bristol that connects directly with the A4174 Avon ring road, linking the A4 Bath Road with the M32 and M4/M5 national motorway network.

 

TENURE/TENANCIES

18 Dixon Road is held freehold with the remainder held on two 125 year leases granted by Bristol City Council from 6th October 1988 (AV167306) and 14 April 1988 (AV157968), with five yearly rent reviews to 5% of the Open Market Rent.  The current annual ground rents are £10,125 pa and £2,850 pa.

The properties are let to a mixture of national and local companies with a full tenancy schedule available on request.

 

EPC

EPCs are available for the properties and range from a C Rating to an E rating.