Industrial unit for sale
Property description & features
LOCATION
Situated at Coombend, Radstock within the Conservation Area. Radstock and neighbouring Midsomer Norton offer all the usual everyday amenities. Bath is approximately 9 miles north.
What3Words Location: ///cherry.dove.footpath
DESCRIPTION
Investment or owner occupier opportunity, Commercial redevelopment site, Site Area 0.89 acres. Significant income potential. It is an elevated plot situated at Coombend, Radstock just off the A367. The site is currently held as an investment and let to multiple occupiers. Vacant possession will be available from June 2024, but several of the occupiers have confirmed that they would be interested in extending their occupation subject to lease terms.
Middle Pit Yard comprises a terrace of lock up storage/workshop units, a prefabricated office building, separate workshop structure/covered store, and incidental yards. Communal WC. Approximately 700sqm / 7,500sqft of total internal floor space.
Middle Pit was opened in 1779, the pit once held the record for having the deepest shaft on the Somerset Coalfield. There were a range of buildings on the Property associated to the shaft and winding house and some remnants remain.
The ‘Pit’ closed in mid-1900’s and was subsequently used as a builder’s yard and then more latterly has been occupied by multiple commercial tenants.
ACCOMMODATION
Occupational uses include office, industrial, car repair and storage uses. The Coal Authority retain a right of access over the site and there is a former mining shaft.
The buildings would benefit from modernisation and would lend well to wider redevelopment or even replacement. Potential to develop a range of lettable units, increased units, or storage containers, as well as suiting owner occupiers seeking a versatile yard and multiple buildings.
SERVICES
We understand that mains water, electricity are connected to the site. There is a single WC on site connected to mains. Prospective purchasers must satisfy themselves in respect of the capacity and suitability of any services.
OUTGOINGS
Local Council
B&NES Council
Schedule below taken from the VOA website. This is the rateable value and not rates payable. Individual occupiers within some of the units may qualify from rates relief. This may also give an indication of potential estimated rental value income, following improvement works.
OTHER
Tenure
Freehold, vacant possession will be offered upon completion. But several of the current occupiers have indicated that they would be interested in remaining in occupation (currently occupying on a licence).
Coal Mining
Formerly part of a coal mining workings. Situated within a coal mining reporting area.
Method of Sale
The Property is being offered for sale by Private Treaty. Offers are being invited as a whole.
Rights of Way and Easements
We understand that the Coal Authority have a retained right of access over the site to the former coal shaft.
The site is sold subject to and with the benefit of rights including rights of way whether public or private, light, support, drainage, water and electricity supplies, easements, covenants etc. whether referred to in these particulars of Sale or not. Purchasers are advised to make their own enquiries as to the presence of any Rights of Way and Easements.
Agents Note
The agents have been notified that recent works have been undertaken to the southern boundary retaining wall.
Asbestos roofing sheets present. Asbestos management certificate is held on file. To be available upon request.
Energy Performance Certificates
Office Structure – C/75. Copy available upon request.
No EPCs exist for the remaining buildings.
Overage Clause
None.
VIEWING
Strictly by appointment only with the selling agents Cooper and Tanner via their commercial department.
Tel.[use Contact Agent Button] Opt.2
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 101148033736. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Cooper & Tanner - Commercial.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.