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Gloucestershire Business News

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).

Location:

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.

Accommodation:

Approximate gross internal areas

Unit 1

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)

Unit 2

Ground floor: 279 sq m (3,011 sq ft)

Unit 3

Ground floor: 180.55 sq m (1,944 sq ft)

TOTAL: 741.76 sq m (7,984 sq ft)

Rates:

A search on the Valuation Office Agency website has revealed the following entry:

Rateable Value: £23,750

Rate in £ 2021/2022: 0.499

Planning:

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).

Price:

£550,000

Terms:

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.

VAT:

The property is elected for VAT.

Legal costs:

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

Contact:

Ash & Co 

Simon McKeag: 07737 691453

Harry Pontifex: 01242 255242

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