Freehold Commercial InvestmentChurchill Business CentreChurchill Road, Weston-Super-Mare, BS23 3HD

• Mixed use commercial investment comprising; dance studio, car garage, a commercial printer and gym

• Situated on Churchill Road in a predominantly residential area

• Current rent £39,500 per annum

• Average weighted unexpired lease term 3.12 years

• Freehold

• 0.402 acre site

• Potential Redevelopment Site (subject to planning)

• Offers sought for the freehold interest, in excess of £415,000 exclusive of VAT

• Price reflects an attractive net initial yield of 9.13% - a low capital value of £32.98 per sq ft

FOR SALEChurchill Business Centre, Churchill Road, Weston-Super-Mare, BS23 3HD

Location

Churchill Business Centre is located in Weston-Super-Mare, a popular seaside town based in Somerset with a population of around 75,000 (census 2011). The property is situated to the north of the A370 which provides access to the M5 motorway, approximately 1 mile to the east. The M5 allows easy access to Bristol, approximately 20 miles to the north east. Weston-Super-Mare is currently subject to a number of developments including the Haywood Village scheme comprising 1,650 new homes on the former airfield site, being built by Persimmon and Locking Parklands being developed by St Modwen comprising 1,450 homes, employment, business and innovation opportunities. Dolphin Square, a large retail/leisure development was fully opened in 2018 and provides restaurants, a gym and a cinema.

Direct trains run from Weston Super Mare to London Paddington with journey times of approximately 2 hours and 30 minutes.

Bristol Airport is located 15 miles east and has regular flights to international destinations.

Situation

The property occupies a site just south of Locking Road (B3440) bounded by Churchill Road to the west and south . The area is predominantly residential in nature with a number of commercial occupiers nearby including Pizza Hut, Plumbing Supplies, Kwik Fit, a surgery, Nuffield Health and a number of B’n’B’s and local stores.

FOR SALEChurchill Business Centre, Churchill Road, Weston-Super-Mare, BS23 3HD

Description

Accommodation

The property comprises a business centre, with a variety of different occupiers including a dance studio, car garage, gym and a warehouse. The property is generally of traditional brick construction arranged under a mixture of pitched tile and asbestos roofs. The site includes car parking and vehicular access directly from Churchill Road.

Address Tenant Gross Internal Area

Unit 1 The Dance Company

1,514 sq ft 140.63 m2

Unit 1a The Dance Company

1,848 sq ft 171.73 m2

Unit 2 T.D. Auto’s 2,103 sq ft 195.46 m2

Unit 3 The Paper Studio

3,024 sq ft 280.99 m2

Unit 4/5 Body Tone Gym

4,094 sq ft 380.35 m2

Total 12,583 sq ft 1,169 m2

FOR SALEChurchill Business Centre, Churchill Road, Weston-Super-Mare, BS23 3HD

Tenancy ScheduleAddress Tenant Lease Rent Passing per

annumRent per sq ft Comments

Unit 1 The Dance Company 10/08/201509/08/2020 £6,000 £3.96

Effective FRI

Unit 1a The Dance Company 25/11/201009/08/2020 £6,000 £3.25

Effective FRI

Unit 2 T.D. Auto’s 27/04/201826/04/2023 £6,500 £3.09

Excluded L&T Act ‘54IRI

Unit 3 The Paper Studio 01/11/200531/10/2021 £9,000 £2.98

FRIPersonal Guarantee

Unit 4-5 Body Tone Gym 31/07/201330/07/2023 £12,000 £2.93 FRI

Total £39,500

FOR SALEChurchill Business Centre, Churchill Road, Weston-Super-Mare, BS23 3HD

Tenant Information

The Dance CompanyOperating in two locations, Weston-Super-Mare and Cheddar, The Dance Company provide lessons and performances in dancing. Training can range from professional to amateur lessons.

T.D. Auto’sThis is the company’s sole location, where they have been trading for 6 years. They specialise in trading and fitting worn and used tyres for cars.

The Paper StudioUnit 3 is operating as a commercial printers, specialising in services to Florists, providing cards, envelopes, tags and vouchers. They are the Winners of the British Florist Association Award for UK Florist Service Provider of the Year 2017, as well as finalists in 2018. With over 50 years experience, they are the UK’s leading producer of printed stationery for Florists.

Body Tone GymThis is the only location that the company is trading in. The body tone gym, is a two storey gym providing a number of services, including the sale of supplements and offer services in personal trainers.

SUBJECT TO CONTRACTDate of Production: 08-Nov-2018

Hartnell Taylor Cook LLP is a Limited Liability Partnership registered in England and Wales OC 313211.Hartnell Taylor Cook LLP is regulated by the RICS.

Hartnell Taylor Cook LLP for themselves and for the vendor or lessor of this property, whose agent they are, give notice that:• These particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute part or whole of an offer or contract;• All descriptions, dimensions, photographs, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but intending purchasers or lessees should not rely on them as statements or representations of fact and must satisfy

themselves as to their correctness;• No person in the employment of Hartnell Taylor Cook LLP has any authority to make or give any representation or warranty whatsoever in relation to this property or these particulars nor enter into any contract

on behalf of the vendor or lessor;• Unless otherwise stated, all prices, rents and other charges are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction;• All plant, machinery, equipment, services and fixtures and fittings referred to in these particulars were present at the date of publication. They have not been tested and we give no warranty as to their condition or operation;• No responsibility can be accepted for any expenses incurred by the intending purchasers or lessees in inspecting properties that have been sold or withdrawn;• Unless expressly stated any intended purchasers or lessees must satisfy themselves independently as to the instance or otherwise of any noxious substance

FOR SALEChurchill Business Centre, Churchill Road, Weston-Super-Mare, BS23 3HD

OffersWe are seeking offers in excess of £415,000, representing a net initial yield of 9.13%, and a capital value of £32.98 per sq ft

March 201927 February 2019

Viewings & Further InformationFor further information or to arrange an inspection of the site, please contact either:

VATThe property is registered for VAT and the sale of the property will be treated as a transfer of a going concern.

Will Botsford0117 946 4519

Mobile: 07774 017218

Email: william.botsford@htc.uk.com

James Frost0117 946 4563

Mobile: 07741 664631

Email: james.frost@htc.uk.com

EPCAvailable upon request