Property description

Accessed from Cheltenham Road Arches and situated on the very popular Montpelier Central trading estate near the centre of Bristol this unit is a little gem.The industrial unit has been converted to provide good quality office space of two floors in a central location with the added advantage of parking for some 6 cars as well as a free parking on the estate itself.The current tenant's lease expires in November 2014 although the current tenants have expressed an interest in renewing the lease on new terms for a further 5 to 10 years having being in the unit for the past 5 years.Current rental is circa £17kpa although it is expected a new lease would achieve a higher rent.Also of interest to owner occupiers who could take possession on (or before) November 2014.The industrial estate itself has a strong management company with a mix of owner occupiers, pension fund investors and long lease holds.Total gross internal area of the unit is 2,453 Sq Ft or 236m2.The first floor has working air conditioning and the whole building is heated with modern controllable electric storage heating.There are also male and female/disabled WC's and a large fitted kitchen area3 phase electricity is available and the whole building benefits from Cat 5 cabling.The entrance to Montpelier train station is situated on the estate as well as being close to all major bus routes on the A38 Gloucester Road.Very rarely does a freehold on this estate come to market.

Note: Alexander May declares an interest in this property as thevendor is connected to Alexander May.

Property Features :

• Located on Montpelier Central Trading Estate
• Close proximity to Bristol City Centre
• Good Quality Office Space on Two Floors
• Parking for Six Cars
• Current Tenants Lease Expires on (or before) November 2014