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Netham Rd 3,164 SF Industrial Condo Unit Offered at $455,700 in Bristol BS5 9PJ
Investment Highlights
- Excellent location in on Netham Industrial Estate in Central Bristol
- Potential to owner occupy from the lease expiry in September 2025
- Fully let to a single tenant producing rental income of £24,000 pax
- 999 year long leasehold at a peppercorn rent
Executive Summary
The unit is the end of terrace unit in a block of twelve terraced warehouse units, the building is constructed of steel frame with concrete block walls and external facing brick. The unit has recently benefitted from a new overclad roof, incorporating roof lights. The unit is currently fitted our as a boxing gym and has the benefit of a roller shutter door at ground floor level and the ground floor provides gyn space, reception, office, changing room and WCs. The first floor is currently fitted out to provide further gym accommodation. This space could be adapted to suit a variety of uses. The property is situated on the Netham Industrial Park, which is situated approximately two miles East of Bristol City Centre and within the established industrial location of St Philips. The park has excellent road links, providing easy access to the city centre, the M32 motorway and Bath to the South.
Property Facts
| Total Building Size | 19,067 SF | Floors | 2 |
| Property Type | Industrial (Condo) | Typical Floor Size | 15,893 SF |
| Property Subtype | Warehouse | Year Built | 1997 |
| Building Class | B | Parking Ratio | 0.42/1,000 SF |
| Total Building Size | 19,067 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 15,893 SF |
| Year Built | 1997 |
| Parking Ratio | 0.42/1,000 SF |
Amenities
- Fenced Lot
- Air Conditioning
1 Unit Available
Unit 1
| Unit Size | 3,164 SF | Condo Use | Industrial |
| Price | $455,700 | Sale Type | Investment or Owner User |
| Price Per SF | $144.03 | Tenure | Long Leasehold |
| Unit Size | 3,164 SF |
| Price | $455,700 |
| Price Per SF | $144.03 |
| Condo Use | Industrial |
| Sale Type | Investment or Owner User |
| Tenure | Long Leasehold |
Description
The unit is the end of terrace unit in a block of twelve terraced warehouse units,
the building is constructed of steel frame with concrete block walls and external
facing brick
Sale Notes
The long leasehold of this investment opportunity is available for the guide price of £330,000.
Terms for a new lease may be agreed between the existing occupier and a purchaser and we believe there is scope for rental growth at renewal.
Alternatively, the lease is contracted outside the Landlord and Tenant Act 1954
meaning a purchaser could take back possession of the property for their own
occupation at the end of the existing lease in September 2025.
Presented by
Netham Rd
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