Beehive Industrial Estate, Crews Hole Road, Bristol, BS5 8AY

Property Details: • Type: Land • Tenure: N/A • Floor Area: N/A

Key Features: • Freehold Site • 10 Terraced Industrial Units + Storage Yard • Tenants In Situ - Leases Under Review • Microsite Available • Residential Development Potential Subject to Planning

Location: • Nearest Station: Lawrence Hill Station • Distance to Station: 0.9 miles

Agent Information: • Address: 21 Station Road, Yate, Bristol, BS37 5HT

Full Description: New to the market, Edison Ford presents this freehold site of approximately 0.34 hectares (0.84 acres), including 10 terraced industrial units, together with a secure external storage yard and a couple of buildings.The units are of dated construction (mid 70s) and provide basic workshop or storage accommodation. The buildings, including those within the secure storage yard, have an aggregate Gross Internal Area of 1,139.36 SQM (12,264 sqft.).The individual units and yard areas are let to four tenants under four leases, producing average rents of £5,300.00 pcm, equivalent to circa £65,000.00 p/a.The leases exclude the security of tenure provisions under the Landlord and Tenant Act 1954, and include multiple break options at any time after the initial twelve months in favour of the landlord.Please be advised that rent amounts are due to increase in the near future. Further details are available on application.The land is situated North of the River Avon, about 2.8 kilometers east of the city Centre, and a similar distance from junction 2 of the M32.All interested applicants must register their details via the microsite to access further details: beehive-industrial-estate.edisonford.co.uk Property InformationThe site is split into western and eastern sections.The western section houses 10 industrial units, asmall secure yard and a forecourt parking area. Theeastern section of the site, is the self-containedsecure external storage area.The subject property may have developmentpotential for residential use as well as employmentpurposes with additional accommodation beingadded on the eastern side.We have no knowledge (expressed or implied) of anyrestrictive adverse or other covenants, wayleaves,rights of way or of light or of support, emergencyescape routes, access and facilities for repair,maintenance and replacement or other easements,options, conditions (positive or negative), third partyrights or any prescriptive rights enjoyed by theowner or occupier of the property or over theproperty for the benefit of other property or of anyunusual or onerous rights, restrictions or outgoingswhich in any way affect the value of the propertyTenanciesCurrent Rent Achieved: £63,574.56Rent Potential Following Re-Valuation:£108,015.00The terms of new leases are currently underrevision.Lease 1: Unit 1A: 3 years from 3rd November 2020.Annual rent reviews. Review pendingLease 2: Units 1B, 4, 5, 6, 7, 8, 9 & 10, yard and topyard: 3 years from 5th March 2021. Annual rentreviews. Review terms currently under negotiationSite of contained adjacent to Unit 10: Term of yearsto expire 5th March 2024Lease 3: Units 1C, 2 & 3: 3 years from 10thDecember 2020. Annual rent reviews . ReviewpendingLease 4: Unit 11: 3 years from 9th October 2020.Thee yearly rent review. Review pendingConditionMains electricity, water and drainage are connected to majority of the units. The units are of rendered block construction beneath pitched roofs which are clad in fibre cement sheets and supported on steel trusses. To our knowledge, the property is not adversely affected by any material or significant repairing issues. All units provide a basic standard of accommodation and were generally in wind and watertight condition with no signs of damp. Two asbestos management surveys have been carried out. The first was in respect of Units 1-10 (2016) in which 13 asbestos containing materials were identified, the majority being classified as low or very low priority, with the recommendation to leave in situ. The only ACM's highlighted as having greater priority were an unknown ACM to the rear of Units 1-5 given a high priority and some textile flash guards around electrical switch gear in Units 4 and 5 and given a medium priority. The second was in respect of United 11a anUnit 1AComprised at ground level an open plan workshop/storage area together with a small store and toilet. Steps lead to a first level which oversails the ground floor of the adjacent Unit 1B. The unit is accessible via a roller shutter door. Internal working height is 2.48m (8'2'). Gross Internal Area: 173.84 SQMUnit 1BProvides open plan workshop/storage accommodation with roller shutter door access. There is no electric nor toilet. Internal working height is 2.48m (8'2).Gross Internal Area: 44.07 SQMUnit 1CAccessed via a roller shutter door. It provides a ground floor workshop together with a mezzanine level which provides an office, a kitchen and a toilet. Internal ceiling height is circa 4.3m (14'2').Gross Internal Area: 124.82 SQMUnits 2 & 3 Provide open plan workshop/storage spaces. Unit 3 has a toilet. Both units accessed from the front, unit 2 via a roller shutter door and unit 3 via a sliding door. Internal working height varies between 3.35m (11ft) and 4.55m (15ft).Gross Internal Area (Unit 2): 55.52 SQMGross Internal Area (Unit 3): 55.17 SQMUnits 4 & 5Situated on the western end of the block and interlink through openings in the internal party wall. Both have roller shutter door access.Unit 4 provides on the ground floor an open plan workshop/storage area together with a partitioned office/store room, a rear storeroom and toilet. There is also a mezzanine level which provides an office/store and open storage. Internal working height at the front of the units is 3.93m (12'11').Gross Internal Area (Unit 4): 111.02 SQMGross Internal Area (Unit 5): 102.37 SQMUnits 6 & 7The unit situated at the eastern end of the block has been sub divided to provide units 6 & 7. Unit 6, which lacks its own electricity supply, provides ground floor workshop/storage space. There is a mezzanine storage level with ladder access.Unit 7 has a roller shutter door from its southern elevation, and provides workshop/storage space together with a partitioned office.Gross Internal Area (Unit 6): 41.35 SQMGross Internal Area (Unit 7): 41.28 SQMUnits 8, 9 and 10All provide open plan workshop/storage space together with a toilet. Units 8 & 9 have a rear office room. Units 8 & 9 have roller shutter doors and Unit 10 has a sliding door. The internal height at the front of these units is 3.52m (11'6). Gross Internal Area (Unit 8): 84.96 SQMGross Internal Area (Unit 9): 85.09 SQMGross Internal Area (Unit 10): 80.07Secure Yard - Western SectionGated access and a tarmacked open forecourt area.Eastern Section0.08 hectares (0.2 acres). A tarmacked yard suitable for external storage. There are two principal buildings. The first is situated near to the entrance gates, it is a single storey and of loadbearing wall construction with rendered elevations beneath a cement fibre covered roof. Internally there is a main storeroom, three smaller storerooms, an office, kitchen and toilet. At the western end of the yard is a further building which is open fronted and provides 2x storage areas. Gross Internal Area (Unit 11 Main): 81.98 SQMGross Internal Area (Unit 11 Open Fronted Store): 56.82 SQM