Westdale Nurseries, Holt Road, Bradford on Avon, Wiltshire, BA15 1TS

Property Details: • Type: Ask agent • Tenure: N/A • Floor Area: N/A

Key Features: • Potential development site • 1.58 acres • 4 Bedroom house included • Strong rental income • Scope for redevelopment / change of use • EPC Instructed. • Christie & Co Ref: 4210983

Location: • Nearest Station: Bradford-on-Avon Station • Distance to Station: 0.8 miles

Agent Information: • Address: Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

Full Description: DescriptionChristie & Co are delighted to bring to the market this 1.68 acre freehold site in the historic market town of Bradford-on-Avon. The site currently comprises of a detached house, a detached two storey commercial building, a café, various timber buildings and a range of glasshouses and poly tunnels that form the plant nursery. The owners currently operate the plant nursery and the majority of the other buildings are let to a range of tenants.The site now offers considerable scope for redevelopment.LocationThe site is around 1 mile from the centre of Bradford on Avon, a historic market town on the southern edge of the Cotswolds and close to the World Heritage City of Bath. The site is well served by a regular bus service and safeaccess to the centre may also be gained on foot.Bradford on Avon offers a wealth of amenities to its population of around 10,000 inhabitants and the many visitors that come to enjoy the fine period architecture, wide range of coffee shops, restaurants, pubs independent shops and leisure venues. The town is also home a range of historic churches, excellent schools, healthcare facilities and lovely walks along the River Avon and the Kennet and Avon Canal.The town also benefits from an excellent train service which offers easy access to the City of Bath with its fantastic range entertainment including the Theatre Royal, extensive range of shops and excellent hospitality venues, including Bath Rugby Club.Demographic InformationAccording to the latest census data there is a population of 707,274 living within a 25 kilometre radius of the site.At a more local level, within a 2.5km radius of the site the census data shows home ownership to be considerably above the national average at 73% with close to 45% owning outright.An analysis of house prices in the area shows the value of houses to be considerably higher than the national average, indeed the average value of a semi-detached house is close to double the national average.Over 45% of the local population also fall into SEC1 or 2 social class sectors, again indicating the relative affluence of the area.The OpportunityThe site is largely level and roughly rectangular in shape, it is approached via a private road which serves two other residential properties. The site has operated as a plant nursery and retail premises for decades and is no a mixture of the plant nursery and online plant retail business which is operated by the owners of the site and a wide range of other businesses including a number of retail businesses, a fitness centre and a café.TenancyThe owners currently run their plant nursery from the site and rent the other units to a range of other businesses, most are short leases of 3 years or less or licence agreements. Most are let at below a fair market rent so there isconsiderable opportunity to build the income generated by the site. If all the existing buildings including the house were to be let a market rents it is anticipated that the rental income could be in the region of £130,000 - £140,000.The house is currently occupied by the owners.Business RatesEach of the units is individually assessed for rates, this means that all the tenants on site currently qualify for small business rates relief.Energy Performance CertificatesEPC 1