Offers over
£1,379,000
(£102.25/sq. ft)
Property for sale118 Blackswarth Road, Bristol BS5
13,487 sq. ft
About this property
Detached roadside industrial unit extending to 13,487 sq ft
Freehold
Located within 0.3 miles of Carbase car dealership, highlighting strategic importance of the site
Single let to Brent Cars Ltd (t/a Carbase) expiring 1st September 2035, providing a further 9 years of income
Creditsafe rating of B, ‘Low Risk of business failure’
Current passing rent of £100,000 per annum, equating to a passing rent of £7.41 per sq ft, with additional income of £6,000 from telephone mast
We are instructed to seek offers in excess of £1,379,000 (One Million, Three Hundred and Seventy-Nine Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this level reflects a net initial yield of 7.25% and a capital value of £102 per sq ft, assuming purchasers’ costs of 5.74%.
The property comprises a detached roadside vehicle repair facility extending to approximately 13,487 sq ft, arranged across three interconnecting units in an L-shaped configuration. Constructed in the 1970s, the building is of steel portal frame construction with solid concrete flooring and is arranged beneath a recently installed double-skin pitched roof. The accommodation includes ancillary offices, toilets, storage areas and a mezzanine floor.
The property occupies a site of approximately 0.62 acres. Externally, there are yard areas to both the front and rear.
Location
The property is located in Bristol, one of the UK’s principal regional cities and widely recognised as the commercial hub of the South West. Bristol had an estimated mid-2025 population of approximately 550,000.
Bristol has a strong and diverse economy, with over 24,000 active businesses and Gross Value Added of approximately £22.8 billion, supported by key sectors including technology, creative industries, professional and financial services, and advanced engineering.
Bristol City Centre is an increasingly attractive location for occupiers, investors and developers, benefiting from excellent transport connectivity. The city enjoys direct access to the M4, M5 and wider motorway network, fast rail connections to London (approximately 1 hour 30 minutes), Cardiff and Birmingham, and is served by Bristol Airport, the UK’s eighth busiest airport, offering over 125 direct routes, with Heathrow also readily accessible via the M4.
Situation
The property occupies a prominent roadside position on Blackswarth Road (A432), approximately 2 miles east of Bristol city centre, within the established St George/Brislington area. The property is strategically positioned close to the A432 Feeder Road, recognised as the primary industrial location within the city centre, with easy access to Bristol city centre, the M32 motorway and the wider regional motorway network.
The property is strategically located just 0.3 miles from the Carbase car dealership which services the site, which occupies a prominent position on Netham Road and is one of the South West's largest independent used car retailers.
The surrounding area comprises predominantly residential uses alongside a mix of commercial, trade counter and industrial occupiers, including automotive dealerships, trade counter operators, industrial businesses and roadside retailers. Nearby occupiers include Screwfix, Toolstation, Howdens, Travis Perkins and a number of vehicle sales, servicing and repair businesses
Tenancy
The property is single let to Brent Cars Ltd on a 20-year lease from 2nd September 2015, expiring 1st September 2035, at a current passing rent of £100,000 per annum, reflecting £7.41 per sq ft, with an open market rent review in September 2030. Brent Cars Limited are contracted inside the security provisions of S24-28 of the lta 1954 act.
There is additional income from a telecommunications mast, let on a lease expiring 1st September 2035, incorporating annual tenant break options producing an additional £6,000 per annum.
The total passing rent is therefore £106,000 per annum.
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