Astrolabe Building, Cheddar Business Park Wedmore Road, Cheddar, BS27 3EB
Hollis MorganHollis Morgan is a leading independent property auctioneer and estate agent based in Bristol. They specialise in residential and commercial sales, land, and development opportunities, holding regular property auctions with a strong track record of success across the South West.
Read more Read more*** SALE AGREED PRIOR TO AUCTION *** ADDRESS | Astrolabe Building, Cheddar Business Park, Wedmore Road, Cheddar, Somerset BS27 3EB Lot Number 53 The Live Online Auction is on Wednesday 17th September 2025 @ 17:30 Registration Deadline is on Monday 15th September 2025 @ 16:00 The Auction will be streamed LIVE ONLINE via the Hollis Morgan website & you can choose to bid by telephone, proxy or via your computer. Registration is a simple online process – please visit the Hollis Morgan auction website and click “REGISTER TO BID” A Freehold detached commercial premises ( 10,749 Sq Ft ) operating as offices and occupying a 0.65 acre site with parking in Cheddar Business Park which is an established trading estate located on the southern edge of the village of Cheddar. Sold subject to existing tenancy. Tenure - Freehold EPC - D COMMERCIAL INVESTMENT | £116,400 PA inclusive of VAT The property is subject to a leasehold interest registered under title number ST309182 of the whole of the property. This headlease is not contracted outside the Landlord and Tenant 1954 Act and the contractual term of the headlease expired on 30 June 2023. The tenant is currently in occupation of part of the property. The managing agents have confirmed that they are collecting £9,700 per month | £116,400 per annum this is inclusive of VAT, under the headlease. Part of the second floor is underlet to Artichoke ( Kitchen Cabinet Makers ) Ltd pursuant to the terms of the underlease dated 15 January 2025. We understand the rent is £42,000 per annum exclusive of VAT (Please note this is included with the total income of £116,400 per annum) This underlease contains a mutual break clause. Two rooms on the ground floor are underlet by Cyient to Archiwest Ltd (rent £350 per month). Please refer to online legal pack for copies of lease and further information. VAT The property is liable for VAT - please refer to legal pack. Gemma Williams VWV 0117 9252020 [email protected] www.vwv.co.uk EXTENDED COMPLETION Completion is set for 8 weeks or earlier subject to mutual consent. We have been informed by our client’s solicitors that the legal pack for this lot is now complete. Should any last minute addendums occur you will be automatically notified by email. If the vendors have indicated they are willing to consider pre-auction offers, now is the time to submit your offer by completing the pre-auction offer form.
