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Gloucestershire Business News

£1.2million office for sale near Junction 9 M5 Tewkesbury Gloucestershire

Western House comprises a two-storey purpose-built office building constructed in approximately 2008 on the open plan principle. Two main access points and staircases. Brick and timber elevations and double-glazed windows under a pitch tiled covered roof in an L shape.

Benefits include:

  • Suspended ceilings and raised floors
  • Inset lighting and air conditioning system
  • Male & female toilet facilities
  • Provision of two kitchens
  • Lift shaft (no lift currently installed)
  • Approximately 38 parking spaces
  • This site has become available due to the relocation of Bloor Homes to purpose-built larger premises.

EPC: The building has an energy efficiency rating of Band B - 42. A copy of the certificate is available on request.

Location:

Furrowfield Park is situated just west of Junction 9 of the M5 motorway and off Shannon Way.

It is situated about 2 miles east of Tewkesbury town centre. The building is located at the end of Furrowfield Park.

The immediate locality is residential, and the office building is located at the end of the cul-de-sac. Properties to the north and west are industrial and warehousing.

Accommodation:

Approximate Floor Areas

Ground Floor: 3,507 sq ft

First Floor: 3,356 sq ft

Total: 6,863 sq ft

Gross Internal Area Approx.: 8,265 sq ft

Planning:

The property has planning permission for conversion to ten apartments under reference 2100742/pdd for a change of use for the entire office building to provide 4 x one bedroom apartments and 6 x two bedroom apartments (five per floor).

There are significant external areas. It may be possible, subject to planning, to consider extension or further development.

Plans of the existing building and it converted are available on application.

Price:

Offers are invited in the region of £1,200,000.

Services:

Mains gas, electricity, water, and drainage.

Business Rates:

The premises are assessed at a Rateable Value of £84,000.

Source: Valuation Office Agency website.

Lease terms:

Available on a new full repairing and insuring lease for terms to be agreed subject to upward only rent reviews at the end of every five years at a commencing rent of £100,000 per annum exclusive of outgoings.

RICS code for leasing business premises:

A copy of the RICS Code for Leasing Business Premises is available on request and can be located here.

It is advised that all parties take independent professional advice during a commercial lease transaction.

VAT:

The property is elected for VAT and VAT is applicable to rent and any other lease outgoings and to a sale price.

Legal costs:

Each party are to be responsible for their own legal costs incurred during this transaction.

Contact:

John Ryde Commercial 

01242 576276

enquiries@johnryde.co.uk 

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