Coombend, Radstock, Somerset, BA3

Sold

Light Industrial Sold

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.
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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. 01761 411 010 Opt.2

Tenure: Please confirm with Cooper and Tanner Commercial whether this property is freehold or leasehold

Coombend, Radstock, Somerset, BA3
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Office Details

Commercial Office
41 High Street
Glastonbury
BA6 9DS

0345 0347758
commercial@cooperandtanner.co.uk

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