Offers over
£2,844,000
(£269.34/sq. ft)
Property for saleCharlton Heights, Patchway, Bristol BS34
10,559 sq. ft
Leasehold
About this property
Key Points
Situated close to the former Filton Airfield site, a 354-acre development comprising a planned 2,675 new homes, 62 acres of employment space, parkland, schools, a new train station and 17,000 capacity music, sports and entertainment arena. The property extends to 10,559 sq ft arranged over three ground floor units, and includes 30 car parking spaces. The upper parts have been sold off. 999 year long-leasehold basis from 1st January 2010 at £275 per annum. Multi-let to three tenants: Sainsbury’s Supermarkets Ltd, Gourmer Bristol Ltd and Happy Days Day Nurseries Ltd. The Gourmer Bristol unit has a fixed minimum rental increase to £30,800 pa in 2026 and the Happy Days Nurseries lease includes 5 yearly uncapped cpi linked reviews. 83% of income is secured against Creditsafe ‘Very Low Risk’ rated covenants. Let with an attractive WAULT of 17 years, 11 months to expiry, 12 years, 1 month to earliest break options. Total current passing rent of £169,120 per annum. Offers sought in excess of £2,844,000 representing a net initial yield of 5.58%, after standard purchasers’ costs.
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