Industrial for sale in Units & 6400, Tewkesbury Business Park, Tewkesbury GL20
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Industrial investment subject to the existing occupational lease
- Let until 2031
- Net Initial Yield 7.5%
Property description
The property comprises two modern industrial/warehouse buildings having profiled clad elevations.
Features include:
Internal offices at ground and first floor levels in Unit C2
Gas fired heating to offices.
Eaves height of 6 m
Forecourt parking
Freezer and cold store units installed
Accommodation
Unit C1 - Warehouse/Factory Unit including Freezer
11.85 x 19 m 225.50 sq m (2,430 sq ft)
Unit C2 - Warehouse, Offices and Chiller Unit
Overall 17.95 x 19 m 341.10 sq m (3,675 sq ft)
First Floor Offices and Ancillary Accommodation
7.35 x 8.35 m 50.95 sq m ( 550 sq ft)
In addition there is an open mezzanine storage platform
6.04 x 9.9 m 60.00 sq m ( 645 sq ft)
Total Areas 617.50 sq m (6,640 sq ft)
The units are currently interconnected.
The premises have forecourt loading and parking facilities at the front of each unit.
The premises are let to Pivotal Foods Limited at a rental of £55,416 per annum on a full repairing and insuring lease which expires on 31st March 2031. There is not further review within the lease term.
The lease excludes Sections 24-28 of the Landlord & Tenant Act 1954 and the tenant has the option to terminate the lease at 31st May 2026. Should the tenant exercise the option to terminate, there is an obligation to pay the sum of £14,586.
Subject to Contract
Offers based on £700,000 are invited to purchase the freehold interest, subject to the lease granted. A purchase at this figure will provide a net initial yield of 7.5% after allowing for purchasers costs and reflects a capital value of £105/sq ft (£1,133.60/sq m)
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
John Ryde Commercial, GL50 on +44 1242 279085 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by John Ryde Commercial, and do not constitute property particulars. Please contact John Ryde Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.