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Gloucestershire Business News

2 Rutherford Way, Cheltenham

The property comprises a detached warehouse building with two storey offices in the front (west) side elevation.

The building is of steel frame propped portal construction providing a haunch height of approximately 5.5m with clad and block elevations. The roof covering is profile fibre sheeting internally lined incorporating translucent panels.

Loading is provided to the east elevation by way of sectional overhead loading doors accessed from the yard area.

The two storey offices provide a range of accommodation and include male and female WCs with pedestrian access from a glazed entrance feature. The offices sit partly within and partly outside of the main frame of the building.

Energy Performance Certificate: The energy performance certificate rating is E (119). The full certificate and recommendations can be provided on request.

Location details:

The property is excellently located approximately 0.25 miles from the A4019 Tewkesbury Road being the primary access between Cheltenham and Junction 10 of the M5 Motorway.

The locality is the prime out of town location for Cheltenham town with a mix of retail, food retail, motor trade and other commercial uses surrounding the subject property. The property sits directly behind a new Lidl food retail unit recently constructed.

Cheltenham town centre is approximately 3 miles east and Junction 10 of the M5 approximately 2 miles west. Junction 10 provides north bound access onto the M5 and a south bound exit. Junction 11 of the M5 is approximately 6 miles south west providing north and south bound access and exit.

Accommodation:

All measurements are approximate Gross Internal Areas.

Warehouse including ground floor warehouse, offices, and WCs: 3,291.10 sq m (35,425 sq ft)

First floor warehouse, offices, mezzanine and WCs: 184.30 sq m (1,984 sq ft)

Ground floor offices: 288.81 sq m (3,109 sq ft)

First floor Offices: 284.41 sq m (3,061 sq ft)

TOTAL: 4,048.49 sq m (43,579 sq ft)

Terms:

The premises are available by way of a new 10-year full repairing and insuring lease with a rent review after the fifth year of the term. The rent is to be based on £6.75 per sq ft per annum exclusive.

Alternatively, consideration will be given to a sale.

Services:

We are advised that all main services are connected to the premises and confirm that we have not tested any of the service installations and any occupier must satisfy themselves independently as to the state and condition of such items.

Business Rates:

The Valuation Office website states that the property has a rateable value of £192,000.

Interested parties should make their own enquiries to the local billing authority to ascertain the exact rates payable as a change in occupation may trigger an adjustment of the ratings assessment.

VAT:

Under the Finance Acts 1989 and 1997, VAT may be levied on the rent/sale price. We recommend that the prospective tenants/purchasers establish the implications before entering into any agreement.

Legal Costs:

Each party is to be responsible for their own legal costs incurred in the transaction.

Contact:

Alder King Property Consultants

Adrian Rowley

01452 627133

arowley@alderking.com 

Vicki Grimshaw

01452 627131

vgrimshaw@alderking.com 

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