Wilverley Trading Estate, Bath Road, Bristol BS4

Prime Reversionary South West Multi Let Industrial Investment Opportunity
  • Urban, reversionary multi-let trade park and industrial estate located in Bristol, the 5th largest conurbation in the UK and the capital of the South West.
  • Prominently situated on Bath Road (A4) in the established retail warehouse, motor trade and industrial area of Brislington, 2.6 miles from Bristol City Centre.
  • Eight industrial units built in the 1980s providing a total gross internal area of 62,307 sq ft (5,788.3 sq m) with a site area of approximately 2.87 acres providing a low site cover of approximately 43%.
  • Multi let to 5 tenants on 6 leases providing a AWULT of 4.98 years to lease expires and 3.28 years to breaks. Four of the leases are excluded from the security of tenure and compensations provisions of sections 24-28 of The Landlord & Tenant Act 1954.
  • Strong covenant profile which includes Cubico (UK) Limited, Screwfix Direct Limited and Mon Motors Limited.
  • Current rent of £433,241 per annum which equates to a low average overall rent £6.95 per sq ft.
  • Estimated rental value of £586,505 per annum which equates to an average overall rent of £9.41 per sq ft.
  • Various asset management opportunities which include creating additional car parking at the front of the site, refurbish and divide Units 3-6 at lease expiry and re-gearing leases with existing tenants.
  • Freehold.
  • The vendor is seeking offers in excess of £8,540,000 (Eight Million, Five Hundred and Forty Thousand Pounds) subject to contract, A purchase at this level would reflect a net initial yield of 4.75% and a reversionary yield of 6.43% and a low capital value of £137 per sq ft after allowing for purchasers costs of 6.8%.

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Contact Details

Ryan Springer

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Office number: 0203 667 5050
Mobile number: 07932 792 531

Alexis Nicolas

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Office number: 0203 667 5050
Mobile number: 07932 708 881