Industrial Development for sale

Phase 4 Unit 1, Newent Business Park, Newent, Gloucestershire, GL18

Guide Price £1,500,000
0 sq. ft.

Property Description

Key features

  • INVESTMENT OPPORTUNITY AVAILABLE
  • EPC RATING: C (62)
  • EXTENDING TO APPROXIMATELY 35,017 SQ FT
  • RENTAL INCOME - 124,254 PER ANNUM
  • PROPERTY LET ON 10 YEAR LEASE FROM 12 MARCH 2015
  • GUIDE PRICE: 1,500,000 + VAT

Full description

Front Cover

INVESTMENT OPPORTUNITY AVAILABLE
EPC RATING: C (62)
EXTENDING TO APPROXIMATELY 35,017 SQ FT
RENTAL INCOME - £124,254 PER ANNUM
PROPERTY LET ON 10 YEAR LEASE FROM 12 MARCH 2015
GUIDE PRICE: £1,500,000 + VAT

Location


The property benefits from a prominent position situated at the entrance of Newent Business Park. Newent Business Park is located to the east of the town of Newent, which is an attractive town. The city of Gloucester is located approximately 10 miles distant, Ledbury approximately 9 miles distant, and Hereford approximately 20 miles distant. The property is located approximately 4 miles east of Junction 3 of the M50 motorway, which conveniently links with the M5 providing access to the wider motorway network. Newent Business Park has benefited from Cargill PLC taking additional space, and MKM Building Supplies have taken a large modern purpose built unit situated to the front of Newent Business Park.

Description


The property is situated on a site extending to approximately 0.864 hectares (2.135 acres), and is a detached industrial building currently occupied by a door manufacturer, and extends to approximately 35,017 SQ FT (3,253.08 SQ M) (GIA). The property comprises office, warehouse and production areas, and externally benefits from car parking areas. The building is of steel portal frame construction, with brick and blockwork elevations in part, and clad with double skin insulated steel profile sheeting to the main building.

Services


We have been advised that mains services are connected to the property. This information has not been checked with the respective service providers and interested parties may wish to make their own enquiries with the relevant local authority. No statement relating to services or appliances should be taken to infer that such items are in satisfactory working order and intending occupiers are advised to satisfy themselves where necessary.

Directions


Approaching the traffic light on the Bridge Street Road (B4215), turn left at the traffic lights onto the B4215, and continue for approximately 1 mile and turn right on to Gloucester Street, continuing for approximately 0.3 miles. The entrance to Newent Business Park can be found on the left hand side, with the property located immediately on your left hand side indicated by our for sale sign.

Council Tax


Not Applicable

Energy Perfomance Certificate


The EPC rating for this property is C (62).

Viewing


By appointment to be made through the Commercial Department at the Agent's Ledbury Office, Tel 01531 634648 Option 3

General


Intending purchasers will be required to produce identification documentation and proof of funding in order to comply with The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. More information can be made available upon request.

John Goodwin FRICS has made every effort to ensure that measurements and particulars are accurate however prospective purchases/tenants must satisfy themselves by inspection or otherwise as to the accuracy of the information provided. No information with regard to planning use, structural integrity, tenure, availability/operation, business rates, services or appliances has been formerly verified and therefore prospective purchasers/tenants are requested to seek validation of all such matters prior to submitting a formal or informal intention to purchase/lease the property or enter into any contract.

Agents Notes


PLANNING - No enquiries have been made of the local planning authority in order to verify the use classification and interested parties are advised to check with the local planning department.

ENERGY PERFORMANCE CERTIFICATE - The EPC rating for this property is C (62). A copy of the EPC is available upon request.

ASBESTOS SURVEY- A copy of an Asbestos Survey dated 9th June 2005 is available upon request.

Tenure


TENURE- The Property is for sale, subject to legal verification, on a freehold basis, subject to the existing lease.

GUIDE PRICE- £1,500,000 + VAT.

LEASE INFORMATION- A 10 year lease from 12 March 2015 at a rent of £124,254 per annum, with a rent review at 12 March 2020. The tenant has the right to determine the lease on 11 March 2020 subject to providing notice of not less than 6 months. A copy of the lease is available upon request.


More information from this agent

Energy Performance Certificates (EPCs)

Nearest station

  • Gloucester (8.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Goodwin FRICS, Ledbury

3 - 5, New Street, Ledbury, HR8 2DX

01531 588004 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

John Goodwin FRICS, Ledbury

3 - 5, New Street, Ledbury, HR8 2DX

01531 588004 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Gloucester (8.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Goodwin FRICS, Ledbury

3 - 5, New Street, Ledbury, HR8 2DX

01531 588004 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 1299. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by John Goodwin FRICS, Ledbury. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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