Office for sale in Wotton Road, Charfield, Wotton-Under-Edge, Gloucestershire GL12

An opportunity to purchase a fully occupied, established business park providing high quality accommodation within the expanding rural village of Charfield. Comprising six individually let units, the site extends to 0.40 acres and provides in excess of 2,600ft2 of commercial workspace with plentiful on site parking.

Description

The site provides an attractive and popular business park set within the expanding and accessible village of Charfield. Comprising a range of stone and steel portal framed barn conversions, the site provides high quality commercial accommodation enjoying good occupancy rates with minimal vacant periods over many years.

Each unit has been converted and maintained to an excellent standard with Tenants benefitting from allocated parking and use of communal gardens within this peaceful village location on the edge of open countryside.

All units are currently let providing an annual rental income in excess of £31,500 with service charge in addition. Full details of lease terms are available from the agents.

Accommodation

Barn 1 - a detached, self contained stone barn conversion providing 655ft2 of accommodation as a chiropractic clinic over two floors with kitchen and toilet facilities. The large glazed front elevation provides an abundance of natural light to both floors.
Barns 4 & 5 - ground floor stone barn conversion split into two units of 222ft2 as a hair and beauty salon and 282ft2 as office space respectively, each benefitting from private kitchen and toilet facilities.
Barns 6,7 & 8 – office space all set within a steel portal framed barn conversion and benefitting from private kitchenettes to each and shared toilet facilities.
6 – ground floor 631ft2
7 – ground floor 375ft2
8 – first floor 480ft2

Situation

Charfield Business Park is set within the expanding rural village of Charfield, just 2 miles from the market town of Wotton-under-Edge providing a range of national and local retailers. The site benefits from excellent transport links being just 2.6 miles from Junction 14 of the M5 providing links to the larger centres of Gloucester, Bristol and South Wales.

Outside

The site extends to approximately 0.40 acres providing allocated parking to each unit along with garden areas for communal use.

Rights Of Way & Easements

The property is sold with any rights, easements or incidents of tenure which affect it.

Planning

Planning was granted in 2005 for the conversion of agricultural buildings to offices on site. Subsequent applications granted on site include for current Tenants as chiropractic clinic and hair & beauty salon.

Tenure

Freehold subject to existing lease agreements

Local Authority

Stroud District Council

Services

Electric and water is individually connected to units 1,4 & 5. Sub metered electric is connected to units 6,7 & 8 with water to these units payable by way of service charge. Drainage to all units is by way of a private Klargester payable by each unit by way of service charge.
We understand the neighbouring residential property is also connected to the Klargester and pay an annual service charge of £200.00.

All units benefit from their own fibre optic broadband connection.

Business Rates

Current rateable values as follows:
Barn 1 - £6,000
Barn 4 - £2,600
Barn 5 - £3,000
Barn 6 - £7,000
Barn 7 - £4,050
Barn 8 - £5,200

Viewing

Strictly by appointment with the Agents: David James –
Tel

Agents Notes

We understand there is a right of way reserved for neighbouring commercial and residential units.

Service Charge

An annual service charge currently totalling approximately £6,000 is payable by the Tenants to cover fire detection, extinguishers, emergency lighting, drainage, monthly window cleaning, waste collection, upkeep of grounds, and buildings insurance. Further information available from the agents.
A service charge is payable by neighbouring units 2 & 3 for provision of 8 parking spaces and drainage.