Unit 30 - Cheltenham Trade Park
By Matt Hall
The unit comprises an end terrace modern industrial/warehouse unit of steel portal frame construction with part block work walls and profile steel cladding under a pitched insulated roof. The front elevation incorporates double glazed UPVC framed windows at ground and first floor levels and loading access is via an electric sectional overhead door. The warehouse benefits from a 3-phase power supply, concrete floor, gas supply, suspended lighting and an approximate eaves height of 6.80 metres. At ground floor, there is an office/ reception area adjacent to a kitchenette and male and female WC's.
There is an office at first floor level which benefits from gas fired radiators, carpeting throughout and suspended ceiling. Externally, there is parking for approximately 4 vehicles plus loading. The unit is currently interconnected with Unit 29, however our client proposes to subdivide the units with the insertion of a new dividing wall (plans included within these particulars).
Cheltenham Trade Park is an established estate on the west side of Cheltenham with access off Arle Road which provides good access to Junctions 10 and 11 of the M5 motorway via the A4019 Tewkesbury Road and A40 Gloucester Road respectively. The trade park was built in the 1980's and other occupiers include The Electric Center, Plumbstop, Service Point, Denmans and City Plumbing Supplies.
The unit has the following approximate gross internal floor areas.
Ground floor: 291.75 sq m (3,140 sq ft)
First floor: 31.39 sq m (338 sq ft)
Total GIA: 323.14 sq m (3,478 sq ft)
Available by way of a new sublease expiring no later than 18th February 2030 subject to a Head Tenants break option on 18th February 2025 upon 6 months prior written notice and 5 yearly upward only rent reviews from 19th February 2020 onwards.
To be confirmed following the subdivision works. For information, the current combined rateable value for units 28-30 is £49,750.
The above information was obtained from the Valuation Office website. Interested parties should make their own enquiries of the billing authority (Cheltenham Borough Council) to verify the current rates payable.
An estate charge is payable towards the upkeep and maintenance of the common parts of the estate. Further details available upon request.
Each party to bear its own legal costs incurred in the transaction and split the cost of obtaining head landlord's consent 50/50.
VAT is payable on the rent and or any other charges. All figures quoted are exclusive of VAT and intending lessees must satisfy themselves as to the VAT position by taking appropriate professional advice.
The unit has an energy performance rating of D (93). A copy of the Energy Performance Certificate can be provided upon request.
By prior appointment with the sole agent KBW.
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