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£2,844,000

Property for sale

Property photos

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Leasehold

Offers over

£2,844,000

(£269.34/sq. ft)

Property for sale

Charlton Heights, Patchway, Bristol BS34

10,559 sq. ft

Local area information

Property location

Nearby amenities

  • Callicroft Primary School 0.3 miles
  • Holy Family Catholic Primary School 0.6 miles
  • Patchway 0.7 miles
  • Filton Abbey Wood 1.9 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Leasehold
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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    Hartnell Taylor Cook LLP

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    1. Zoopla
    2. Commercial for sale
    3. Bristol
    4. Patchway
    5. Charlton Hayes
    6. Charlton Boulevard

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