Investment Sale - Bath - Colston and Colston
Investment Sale Acorn House, Isleport Business Park, Highbridge, TA9 4JT
Established business location
Easy access to M5 less than 1 mile
Modern open plan office accommodation with air cooling, suspended ceiling and raised flooring
Unit 1 offered with VP to suit either an owner occupier or presenting asset management
opportunities
Unit 2 Passing rent of £97,500pa with Calderbank offer served by Landlord for an uplift to £131,000pa
High quality covenant to Manpower on c.60% of
occupancy
Offers in excess of 1,250,000 ex VAT
Low Capital Value of £44.83 psf
Location, Situation & Description Highbridge lies 20 miles south west of Bristol, 15 Miles north east of Taunton and
The sale comprises 2 units originally developed under planning permission 11/04/00079 and
40 miles from Exeter; both Bristol and Exeter having international airports. The
converted to offices in under permission 11/06/00065. It is assumed these consents have been
busy seaside town of Burnham On Sea is within a few minutes’ drive to the north
complied with.
west.
Unit 1 (North) comprises ground and first floor offices with large reception, ancillary meetings
Isleport Business Park lies 1 mile from Junction 22 of the M5 and consists of a
rooms and board room, WC and kitchen facilities.
range of industrial, office, storage and distribution occupiers. The estate is based
Unit 2 (South) comprises predominantly office accommodation with ancillary workshop space
over c. 60 acres (24 ha) although the neighboring Walrow Industrial Estate is a
undertaking computer repairs, with associated storage and welfare facilities.
similar size. Principal occupiers include Yeo Valley, Bakkavor Foods Ltd, Chiltern
Both units benefit from raised flooring, air conditioning cat II lighting and fitted carpets to office
Cold Storage Group Ltd and Tata Communications.
areas.
Accommodation & Tenancy Tenancy information
Accommodation
Unit 1 is sold with vacant possession.
In accordance with the RICS Code of Measuring Practice (6th Edition), the property has the following approximate Gross Internal Area:
Unit 2 is let to Manpower UK Ltd for term of 15 years from 19 February 2010. The passing rent is 92,439 pa although we are seeking to agree a the rent review prior to sale and a Calderbank letter has been served at £131,500pa. There is a tenant break clause on 23 June 2018 and 19 February 2022 subject to 6 month prior written notice, under a deed of variation dated 1 July 2015. Tenant Information Manpower UK Ltd is part of the Manpower Group and has a £833.3M turnover, with £68.5m Net Worth, as such the tenant is considered very secure and provides a robust covenant. Proposal Offers invited in excess of £1,250,000. Tenure The property is sold freehold, title number ST199667 with the site extending to approximately 1.2 acres
Description
Sq M
Sq Ft
Unit 1 North
961.58 Sq M
10,350 Sq Ft
Unit 2 South
1,629.04 Sq M
17,535 Sq Ft
Total
2,590.62 Sq M
27,885 Sq Ft
Viewing Arrangements For further information or to arrange an inspection please contact the joint agents. Allan Lloyd Colston & Colston LLP, 1 Queen Square, Bath, BA1 2HA T: 01225 904704 M: 07527 388036 [email protected] Oliver Paine / Ross Wigley JLL, 31 Great George Street, Bristol BS1 5QD T: 0117 930 5718 / 5792 M: 07767 240854 / 07834 782465 [email protected] / [email protected] Subject to contract
Important Notice. These particulars do not constitute an offer or contract and although they are believed to be correct, their accuracy cannot be guaranteed and purchasers must satisfy themselves as to their accuracy. No person representing Colston & Colston has any authority to make any representation or warranty whatever in respect of the property. All measurements are approximate. Under the Finance Acts 1989 & 1997, VAT may be levied on the rent or sale price.
Established business location
Easy access to M5 less than 1 mile
Modern open plan office accommodation with air cooling, suspended ceiling and raised flooring
Unit 1 offered with VP to suit either an owner occupier or presenting asset management
opportunities
Unit 2 Passing rent of £97,500pa with Calderbank offer served by Landlord for an uplift to £131,000pa
High quality covenant to Manpower on c.60% of
occupancy
Offers in excess of 1,250,000 ex VAT
Low Capital Value of £44.83 psf
Location, Situation & Description Highbridge lies 20 miles south west of Bristol, 15 Miles north east of Taunton and
The sale comprises 2 units originally developed under planning permission 11/04/00079 and
40 miles from Exeter; both Bristol and Exeter having international airports. The
converted to offices in under permission 11/06/00065. It is assumed these consents have been
busy seaside town of Burnham On Sea is within a few minutes’ drive to the north
complied with.
west.
Unit 1 (North) comprises ground and first floor offices with large reception, ancillary meetings
Isleport Business Park lies 1 mile from Junction 22 of the M5 and consists of a
rooms and board room, WC and kitchen facilities.
range of industrial, office, storage and distribution occupiers. The estate is based
Unit 2 (South) comprises predominantly office accommodation with ancillary workshop space
over c. 60 acres (24 ha) although the neighboring Walrow Industrial Estate is a
undertaking computer repairs, with associated storage and welfare facilities.
similar size. Principal occupiers include Yeo Valley, Bakkavor Foods Ltd, Chiltern
Both units benefit from raised flooring, air conditioning cat II lighting and fitted carpets to office
Cold Storage Group Ltd and Tata Communications.
areas.
Accommodation & Tenancy Tenancy information
Accommodation
Unit 1 is sold with vacant possession.
In accordance with the RICS Code of Measuring Practice (6th Edition), the property has the following approximate Gross Internal Area:
Unit 2 is let to Manpower UK Ltd for term of 15 years from 19 February 2010. The passing rent is 92,439 pa although we are seeking to agree a the rent review prior to sale and a Calderbank letter has been served at £131,500pa. There is a tenant break clause on 23 June 2018 and 19 February 2022 subject to 6 month prior written notice, under a deed of variation dated 1 July 2015. Tenant Information Manpower UK Ltd is part of the Manpower Group and has a £833.3M turnover, with £68.5m Net Worth, as such the tenant is considered very secure and provides a robust covenant. Proposal Offers invited in excess of £1,250,000. Tenure The property is sold freehold, title number ST199667 with the site extending to approximately 1.2 acres
Description
Sq M
Sq Ft
Unit 1 North
961.58 Sq M
10,350 Sq Ft
Unit 2 South
1,629.04 Sq M
17,535 Sq Ft
Total
2,590.62 Sq M
27,885 Sq Ft
Viewing Arrangements For further information or to arrange an inspection please contact the joint agents. Allan Lloyd Colston & Colston LLP, 1 Queen Square, Bath, BA1 2HA T: 01225 904704 M: 07527 388036 [email protected] Oliver Paine / Ross Wigley JLL, 31 Great George Street, Bristol BS1 5QD T: 0117 930 5718 / 5792 M: 07767 240854 / 07834 782465 [email protected] / [email protected] Subject to contract
Important Notice. These particulars do not constitute an offer or contract and although they are believed to be correct, their accuracy cannot be guaranteed and purchasers must satisfy themselves as to their accuracy. No person representing Colston & Colston has any authority to make any representation or warranty whatever in respect of the property. All measurements are approximate. Under the Finance Acts 1989 & 1997, VAT may be levied on the rent or sale price.
