Industrial for sale in Units & 6400, Tewkesbury Business Park, Tewkesbury GL20

The premises are located in a courtyard industrial development off Severn Drive, Tewkesbury Business Park adjacent to junction 9 of the M5 motorway. Local services at Northway and Tewkesbury town centre.

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)