302 & 303, Central Park Trading Estate, Petherton Road, Hengrove, Bristol, BS14 9BZ

Description

A substantial double-fronted industrial unit extending to approximately 5,330 ft², comprising a warehouse/workshop, office accommodation, kitchen and WC facilities, three allocated parking spaces, two roller shutter doors, a rear yard and 3-phase power supply. Offered for sale with vacant possession.

Accommodation

Ground Floor Warehouse/Offices: approx. 3,903 ft² (362.6m²); Mezzanines: approx. 634 ft² (58.9m²); First Floor Offices: approx. 793 ft² (73.7m²); Total Gross Internal Floor Area: approx. 5,330 ft² (495.2m²).

Location

Situated within Central Park Trading Estate on Petherton Road, Hengrove, South Bristol. The estate is an established commercial location with industrial, warehouse and trade occupiers, nearby local amenities and retail facilities, and access to the A4174 ring road, A38 and wider motorway network.

Tenure / Property Information

Investment Analysis

The £300,000 guide equates to approximately £56.29 per ft² on the stated 5,330 ft² area. The supplied completed sales range from £225,000 to £800,000, but the evidence covers different property types, sizes and tenures and does not establish a sufficiently specific comparable market value for this unit. The £35,000–£40,000 annual rent is an auctioneer estimate, not achieved rent, and no sufficiently specific external rental comparable is available. A reliable GDV or maximum bid cannot therefore be established from the supplied evidence.

Investment Snapshot

Strategy Recommendation

Treat as a potential commercial income investment only after confirming tenure, condition, EPC implications, achievable rent, business-rate exposure and all auction/legal costs. Do not rely on the headline yield or bid without this due diligence.

Works Required

No specific defects or refurbishment scope are evidenced, so no works allowance is quantified. Due diligence should confirm the condition of the warehouse, offices, mezzanines, roof, services, roller shutters, WC/kitchen facilities and 3-phase power, together with the requirements arising from the EPC G rating.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because no supported GDV, refurbishment budget or commercial refinance terms are supplied. The auctioneer rent estimate indicates potential income, but vacant possession, EPC G, unknown tenure and unquantified capital expenditure materially affect the refinance case.

Buy-to-Let Analysis

At the £300,000 guide, the auctioneer's £35,000–£40,000 annual rent estimate implies an indicative gross yield of approximately 11.67%–13.33%, with a midpoint illustration of 15.00% only if £37,500 annual rent is achieved. This is commercial letting rather than residential BTL. No external rental comparable, operating costs, void allowance, finance costs or refurbishment budget is supplied, so net yield and sustainable value cannot be established. The unit is offered with vacant possession.

Flip Analysis

A flip appraisal cannot be quantified because the evidence does not provide a sufficiently comparable GDV, refurbishment allowance, selling costs or a supported resale value. The supplied sales are too varied to establish an exit valuation for this 5,330 ft² industrial unit.

Investor Risks & Due Diligence

• Vacant possession means rent is not currently passing and letting may take time.

• The £35,000–£40,000 rent is an auctioneer estimate rather than achieved rent, with no sufficiently specific external rental comparable.

• EPC rating G may require investigation of compliance and improvement implications before letting or refinancing.

• The legal pack must confirm tenure and any title, occupational, access, service-charge or estate restrictions.

• No refurbishment or capital expenditure budget is supplied, and the condition of the building and services is not evidenced.

• The stated rateable value is £32,250 from 2026; actual business-rate liability, reliefs and occupier responsibility are not supplied.

• The buyer premium of £2,280 including VAT is payable on exchange, with completion stated as eight weeks from exchange; other transaction and finance costs are not supplied.

Recommendation

Treat as a potential commercial income investment only after confirming tenure, condition, EPC implications, achievable rent, business-rate exposure and all auction/legal costs. Do not rely on the headline yield or bid without this due diligence.

Strategy Rating

Analysis Confidence

The property description, floor areas, guide price, vacant status and auctioneer rent range are supplied, but there are no sufficiently specific rental comparables, no supported commercial valuation, no condition survey, no works budget, no confirmed tenure and no full cost schedule.