Hawkwell Green Garage, Cinderford
The property is presently used for the repair of cars and commercial vehicles and comprises two semi-detached and one detached industrial unit (Units 1, 2 and 3) all of steel portal frame construction. The semi-detached units have part brick/part clad elevations whilst the detached unit is fully clad. All of the units have clad roofs incorporating translucent panels at regular intervals.
Unit 1 includes a workshop, reception office, waiting room and WC facilities on the ground floor with an office, kitchenette and store room on the first floor. The workshop has 2 vehicular doors, an eaves height of 4.41m, sodium lighting and is heated by an oil fired blow heater. There is a vehicular access linking Units 1 and 2. The offices have suspended ceilings with inset lighting, painted walls, carpet and they are heated by way of an oil fired central heating system.
Unit 2 is a split level workshop, with one bay having inspection pits and the other a rolling road. The unit has 2 vehicular doors, minimum eaves height of 3.62m, is lit by sodium lighting and heated by an oil fired blow heater. A works office is also included.
Unit 3 was previously used as a paint spray booth and an extraction system has been installed. There is a loading bay to the front and a low-level storage area to the rear. The unit has an eaves height of 4.38m, is lit by fluorescent strip lights and wall mounted spotlights.
The property is set within a secure site bounded by a combination of brick wall, chain link and barbed wire fences with a gated entrance. The entrance has an intercom system. There are generous areas for parking and loading/unloading.
The yard surface is a mixture of concrete and tarmac and the total area extends to approximately 0.277 hectares (0.684 acres).
The property has an EPC Rating of E(118).
The property is situated on a private road just off the A4136 to the west of the Forest Vale Industrial Estate and Cinderford town centre.
Cinderford lies 14 miles from Gloucester, 7 miles from Ross on Wye, 5 miles from Coleford and 10 miles from Lydney and is well recognised within the Forest of Dean as an established industrial area.
Approximate gross internal areas
Ground floor: 216.43 sq m (2,330 sq ft)
First floor: 65.01 sq m (700 sq ft)
Total: 281.44 sq m (3,030 sq ft)
Ground floor: 279 sq m (3,011 sq ft)
Ground floor: 180.55 sq m (1,944 sq ft)
TOTAL: 741.76 sq m (7,984 sq ft)
A search on the Valuation Office Agency website has revealed the following entry:
Rateable Value: £23,750
Rate in £ 2021/2022: 0.499
The property has been used as a vehicular workshop which falls within Class B2 Use Classes Order 1987.
It may suit alternative uses such as light industrial or storage (Classes B1 and B8).
The property is offered freehold subject to the occupational tenancy in place to Caldicot Fleet Maintenance Recovery Ltd at a price of £625,000.
A purchase at this level would represent a gross yield of 7.09% or net yield of approximately 6.41% after purchaser's costs.
The property is elected for VAT.
Each party to bear their own legal costs incurred in the transaction.
Simon McKeag: 07737 691453
Harry Pontifex: 01242 255242
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