From
£450,000
Property for saleMidsomer Enterprise Park, Radstock Road, Midsomer Norton, Radstock BA3
Auction
About this property
Vacant Office/Business Centre
Situated within Popular Industrial Park
Erv Circa £75,000 per annum if fully let
Potential to Convert to Industrial Space - Subject to Planning
Potential Yield of 16% on Guide Price when Let
Strapline
Auction Sale - 10/10/2023
Of Interest to Investors
Vacant Office/Business Centre in Popular Industrial Location
3,763 sq ft (349.54 sq m) - erv of circa £75,000 per annum if fully let
Description
The property comprises a well located office/business centre offered with full vacant possession.
Situated in the popular Midsomer Enterprise Park, the property is arranged across ground and first floors and comprises two adjoining units.
The accommodation has been partitioned to provide 19 suites in accordance with the previous use as a business centre.
With previous lettings achieving between £20-£30 per sq ft, we consider a conservative estimate of the erv to be in the order of £75,000 per annum. The property would suit continuation of its current use as a business centre, with a number of local occupiers requiring surplus office space. Alternatively the property could be converted to provide industrial/workshop space similar to the surrounding use (subject to obtaining requisite consents).
Midsomer Norton is a popular commercial location due to its convenient position less than 15 miles from both Bristol and Bath.
Location
By Order
Bath & North East Somerset Council
Auction Sale - 10/10/2023
Of Interest to Investors
Vacant Office/Business Centre in Popular Industrial Location
3,763 sq ft (349.54 sq m) - erv of circa £75,000 per annum if fully let
Description
The property comprises a well located office/business centre offered with full vacant possession.
Situated in the popular Midsomer Enterprise Park, the property is arranged across ground and first floors and comprises two adjoining units.
The accommodation has been partitioned to provide 19 suites in accordance with the previous use as a business centre.
With previous lettings achieving between £20-£30 per sq ft, we consider a conservative estimate of the erv to be in the order of £75,000 per annum. The property would suit continuation of its current use as a business centre, with a number of local occupiers requiring surplus office space. Alternatively the property could be converted to provide industrial/workshop space similar to the surrounding use (subject to obtaining requisite consents).
Midsomer Norton is a popular commercial location due to its convenient position less than 15 miles from both Bristol and Bath.
Location
- Bath - 9.8 miles
- Bristol - 14.6 miles
By Order
Bath & North East Somerset Council
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