Cotswold Business Village, London Road, Moreton-in-Marsh, Gloucestershire, GL56
- PROPERTY TYPE
Commercial Property
- SIZE
9,539 sq ft
886 sq m
Description
Detached freehold industrial building, split into three units
PROPERTY DESCRIPTION
THE PROPERTY
Split into three units, this detached freehold industrial building is available as a going concern or vacant possession can be sought as the three leases expire in 2025 and are outside the Landlord and Tenant Act
The 2021 rent reviews were not enacted
Total current rent £42,000 per annum and market rent estimated at £75,000 per annum a 6% gross yield
Potential to extend the building subject to consent
Built in 2007 of a steel portal frame and concrete block fair faced blockwork division walls
Insulated external cladding and roofing with roof lights
Power floated concrete floors
Electric roller shutter doors with 5.5m headroom and adjoining personnel door
Fire alarms fitted to each unit
UNIT 12
Vacant since 31st January 2025
Market Rent in region of £25,000 per annum
Rateable Value - £19,750 and EPC Band C
5 parking spaces
UNIT 13
One year lease to January 2026, with a mutual two month break clause
Current passing Rent (per annum) £20,000
Full Repairing and Insuring Lease
The lease is excluded from the renewal provisions (sections 24 to 28) of the Landlord and Tenant Act
Rateable Value - £21,250 and EPC Band C
5 parking spaces
UNIT 14
Lease expiring on 1st June 2025
Current passing Rent (per annum) £22,000
Full Repairing and Insuring Lease
The lease is excluded from the renewal provisions (sections 24 to 28) of the Landlord and Tenant Act
Rateable Value - £24,000 and EPC Band D
5 parking spaces
SERVICES
Mains water, electricity (three phase), gas and drainage are connected to each unit
COTSWOLD BUSINESS VILLAGE
Cotswold Business Village is viewed as the premier commercial development in the North Cotswolds
Situated to the east of Moreton-in-Marsh on the A44 Oxford Road about half a mile from the town centre
Comprises a mix of office and light industrial businesses, including Travis Perkins, Kinghams Auctioneers, Cotswolds Casements, Porche Club UK, Cotswold Seeds, Calarel Joinery, amongst others
There is a main line station to London Paddington in Moreton-in-Marsh
What3words: employers.lift.technical
TENURE & POSSESSION
Freehold investment opportunity or potential for vacant possession in 2025
SITUATION
Moreton-in-Marsh is a well-known bustling north Cotswold market town, situated at the junction of the Fosse way (A429) and the Oxford-Worcester trunk road (A44)
The town attracts many tourists throughout the year and has a wide range of shops and amenities for everyday needs
Cheltenham 22 miles, Oxford 27 miles, and Stratford-upon-Avon 17 miles
Good train services to London, the fastest reaching Paddington from 92 minutes
Brochures
Web DetailsCotswold Business Village, London Road, Moreton-in-Marsh, Gloucestershire, GL56
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Moreton-in-Marsh Station0.6 miles
About Hayman-Joyce Estate Agents, Moreton-In-Marsh
High Street, Moreton-In-Marsh, GL56 0AX
Notes
Disclaimer - Property reference MIM240723. 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 Hayman-Joyce Estate Agents, Moreton-In-Marsh. 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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