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Gloucestershire Business News

Linear Business Park, Valley Road, Cinderford

Unit 1 is a detached building, of portal steel frame construction with profiled metal cladding to the roof and sides, we estimate built in the 1980s. With a max eaves' height of 8.8m. With good natural light (c.10-15%daylights). With three loading doors. With c.11.3% offices. With good size yard area. With Phase II electricity, and air conditioning to the offices (not tested). With WCs, kitchen, and staff room/canteen.

Unit 2 is of part block and brick construction and profiled metal cladding, under a lattice steel roof covered in corrugated asbestos cement roofing, we estimate built in the 1970s. With an eaves height of 5.6m and a max. clear height of c.3.3m. With reasonable natural light (c.8-10% daylights). With a loading door. With a WC block and storeroom.

Unit 3-4 is of brick and block construction, with a lattice steel frame north lit roof, with good natural light, we estimated built in the 1960s. With a clear height of c.3.2m. With a kitchen and WCs.

Unit 5 is of brick and block construction, under a pitched, tiled roof. With good natural light. With a clear height of c.3.3m and a loading door.

Unit 6 is of brick and block construction, under a roof covered in felt and profiled metal sheeting. With good natural light. With a clear height of c.3.3m and a loading door. With WCs.

Unit 7 is of block construction with a mineral felt flat roof with a clear height of c. 2.7m. With a pedestrian only door to the side. With reasonable natural light.

Unit 8 & 9 is of brick and block construction under a mineral felt flat roof, with good natural light. With WCs to each of Unit 8 & 9.

Location:

1.88 acres land & buildings (part Vacant) with redevelopment potential, only a short distance from Cinderford town centre. Of interest to owner occupiers, developers, and investors.

Nestled in a prominent corner position with good visibility from the road, with generous road frontage. Surrounding roads residential in character. Situated beside a pedestrian footpath leading to a footbridge to Linear Park, with Cinderford Brook running along the western boundary.

Tenancies:

Unit 1 occupied by Metafab Solutions Ltd producing £36,000 pa

Unit 2 & 9 occupied by Metafab Coatings Ltd producing £15,600 pa

Total Income: £51,600 pa

Unit 3-4, 5, 6, & 8 VACANT

Note. Unit 1 is held under a lease ending on 30 July 2027 and excluded from the Security of Tenure provisions in Part II Landlord and Tenant 1954 Act.

Unit 2 is held under an agreement dated 14 August 2018 with a rolling mutual break clause.

Accommodation:

Unit 1 Linear Business Park: Approx 1781.2 sq metres (19172.3sq feet)

Units 2-9 Linear Business Park: Approx 1295.0 sq m (13939 sq ft)

All measurements are approximate gross internal measurements

Unit 1:

Ground Floor: 1,363.4 sq m (14,675.5 sq ft)

Mezzanine: 216 sq m (2,325 sq ft)

First Floor: 201.8 sq m (2,171 sq ft)

Total: 1,781 sq m (19,172.3 sq ft)

Unit 2:

Ground Floor: 420 sq m (4,520 sq ft)

Unit 3-4:

Ground Floor 474 sq m (5,102 sq ft)

Unit 5:

Ground Floor 72.0 sq m (775 sq ft)

Unit 6:

Ground Floor: 124.9 sq m (1344 sq ft)

Unit 7:

Ground Floor: 50.3 sq m (541 sq ft)

Unit 8:

Ground Floor 90.8 sq m (977 sq ft)

Unit 9:

Ground Floor 63.0 sq m (678 sq ft)

Total: 1,295 sq m (13,939 sq ft)

TOTAL: 3076 sq m (33,110 sq ft)

Tenure:

Freehold.

Rateable values:

Interested parties should note that the property is currently assessed as a number of business units as follows and should be aware that the Rating List is subject to change.

Unit 1: £48,250 Warehouse, offices and premises

Unit 1a: £12,250 Factory and premises

Workspace 2: £16,500 Factory and premises

Workspace 3-4: £12,750 Store and premises

Workspace 5: £5,700 Store and premises

Workspace 6: £3,300 Store and premises

Workspace 7: £2,600 Store and premises

Workspace 8 & 9: £7,100 Store and premises

Aggregate Rateable Value: £108,450

Note: There is no mains electricity supply except to Unit 1. This is due to fire damaged switch gear.

Planning:

Part of the vacant units are in very poor repair or otherwise in a derelict condition, and the Property is now considered worthy of comprehensive re-development of the buildings in the northern half of the site.

Note: In 2014 Property included in the cumulative call for sites register maintained by FDDC. To be sold for mixed commercial and residential re-development, subject to all necessary consents being obtainable. There is currently no CIL requirement in FDDC.

Interested parties are invited to make their own enquiries with Forest of Dean District Council Tel. 01594 810000.

Unconditional offers invited by informal tender:

All enquiries are welcome. Additional land may be available by separate negotiation.

Contact:

Strictly by appointment with sole agents Price Taylor & Kurt Wyman Surveyors.

Price Taylor

Paolo Mellors Puccinelli MRICS

020 7354 7354

p.puccinelli@pricetaylor.com 

Kurt Wyman Surveyors 

Kurt Wyman MRICS

01452 380 064

kurt@kurtwymansurveyors.com 

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