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Gloucestershire Business News

Unit 1, Alpha Close, Tewkesbury Industrial Estate, Tewksbury

Description:

A detached warehouse/production facility of concrete frame construction with a mixture of insulated profiled sheet cladding and facing brickwork to the elevations under a pitched and insulated roof. Vehicular access to the warehouse/production area is via 5nr 'concertina' loading doors.

The warehouse/production areas benefit from works toilets and restroom/welfare facilities. There is a change in floor level at approximately ⅓ of the way along the building. The warehouse element has a height to eaves of 6.25m and 6 m.

Two storey offices are located to the front of the property and comprise a mixture of cellular and open plan accommodation. Externally there is a fenced, gated and surfaced car parking and yard area to the front of the property

Location details:

Located towards the northern boundary of Gloucestershire, Tewkesbury is one of the larger market towns within the area. Situated adjacent to Junction 9 of the M5 Motorway the Town benefits from excellent road links to both the Midlands/North and the South West.

Junction 20 of The M4 motorway is circa 30 miles to the South via the M5 providing a direct motorway link to the Thames Valley and London to the East and South Wales to the west.

Due to its excellent strategic location between the Midlands and the South West Tewkesbury has traditionally been popular with commercial occupiers and is a strong industrial/distribution location.

The property is situated in Alpha Close on Tewkesbury Industrial Estate, approximately half a mile to the west of Junction 9 of the M5 Motorway.

Accommodation:

The property has the following approximate floor areas measured on a gross internal floor area basis in accordance with the RICS code of Measuring Practice (6th Edition):

2673.76 sq m (28,780 sq ft)

Services:

Mains water, drainage , gas and three phase electricity supply are connected to the site .

NOTE : None of the services have been tested by Kurt Wyman Surveyors.

Rating:

The property is jointly assessed for Business Rates purposes along with other units currently occupied by Marleton Cross Limited.

Accordingly interested parties are advised to make their own enquiries in this regard.

Tenure:

The property is let to Marleton Cross Limited by way of a 10 year Full Repairing and insuring Lease which commenced on 1st June 2017 at a commencing rental of £136,000 per annum exclusive.

A photographic schedule of condition will be attached to the lease.

There is provision for an upwards only rent review on the 5th anniversary of the term.

Quoting Terms:

The remainder of the 999 Year Leasehold interest which commenced in May 1991 is available subject to the occupational lease to Marleton Cross Limited.

Offers:

Offers are invited for the long leasehold interest based on £1,650,000 reflecting a net initial yield of 7.76% allowing for purchasing costs of 6.1%.

VAT:

All figures are quoted exclusive of VAT.

Legal Costs:

Each party will be responsible for their own legal costs involved in the transaction.

Contact:

Kurt Wyman Surveyors

Kurt Wyman

kurt@kurtwymansurveyors.co.uk 

Sam Williams

sam@kurtwymansurveyors.co.uk 

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