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Gloucestershire Business News

16a Northway Lane, Tewkesbury

The building comprises three warehouse areas; one currently used for manufacturing and packing, connected via large internal openings. The original building comprises a workshop area with staff facilities and office space to the front of the building.

The main workshop which is of concrete construction with supporting columns has an eaves height of 3 metres. The two other warehouse areas are of steel portal frame construction offering an open space and eaves height ranging from 5.6 metres to 6.5 metres.

There is a two-storey office to one end providing a reception, kitchen, server room, meeting space and male and female WC's. The upstairs offices are air conditioned and there is a lift between the ground floor and first floor offices designed for disabled access. There is a full height roller shutter door onto the front car park and loading area.

Externally there is a car park for at least 17 vehicles plus a loading area in front of the roller shutter door.

EPC: The unit has an energy performance rating of E (102). A copy of the Energy Performance Certificate can be provided upon request.

Location:

The subject property is located on Northway Lane at the junction with Gannaway Lane in Tewkesbury. Approximately 1 mile from Junction 9 of the M5 motorway.

Tewkesbury provides good access to the Midlands and South West via the M5, and London via the A417/9 dual carriageway and the M4 motorway.

There is also a mainline rail link from Ashchurch Parkway situated about ½ mile east of junction 9 of the M5. Occupiers within the immediate vicinity include Environment Agency, ABI Engineering, Roberts Express Delivery, Theoc Fabrications and Wellocks. Birmingham and Bristol are both within an hour's drive of the subject property (43 and 47 miles respectively).

Accommodation:

The approximate gross internal floor areas (GIA) are as follows:

Warehouse 1: 1,037.49 sq m (11,135 sq ft)

Office / Staff facilities to warehouse 1: 174.11 sq m (1,874 sq ft)

Warehouse 2: 610.37 sq m (6,570 sq ft)

Warehouse 3: 564.42 sq m (6,075 sq ft)

Office / staff facilities to warehouse 3: 95.39 sq m (1,027 sq ft)

Total Warehouse: 2,209.28 sq m (23,781 sq ft)

Total Office: 269.50 sq m (2,901 sq ft)

Total: 2,478.78 sq m (26,682 sq ft)

Terms:

Available on a new (effectively) full repairing and insuring lease for a term of years to be agreed incorporating regular upward only rent reviews.

Rent:

£4.50 per sq ft per annum exclusive.

Rates:

Rateable Value: £91,000 The above information was obtained from the Valuation Office website.

Interested parties should make their own enquiries of the billing authority (Tewkesbury Borough Council) to verify the current rates payable.

VAT:

VAT may be payable on the rent or any other charges or payments detailed.

All figures quoted are exclusive of VAT and intending lessees must satisfy themselves as to the VAT position by taking appropriate professional advice.

Legal costs:

Each party to bear its own legal costs incurred in the transaction.

Code for Leasing Business Premises (2020):

All tenants should be aware of the Code for Leasing Business Premises and are recommended to seek professional advice relating to this, or any, commercial property letting transaction.

Contact:

KBW Chartered Surveyors 

01242 244744

enquiries@kbw.co.uk 

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