TO LET – The Oxstalls, Stow Road, Teddington, Tewkesbury

The Oxstalls offers an excellent opportunity to lease commercial storage buildings & yard, which benefits from direct access from the Stow road, just off the Teddington hands roundabout located between Cheltenham, Evesham & Ashchurch.

Description: The Oxstalls offers a superb commercial secure storage and yard site, situated south of the Stow Road, a stone’s throw from the well-known Teddington Hands Roundabout where the A435 Cheltenham Road, A46 Evesham & Ashchurch Roads all meet. The site has
direct independent access from the Stow Road.

The site offers a compact level site which the landlords wish to let as a whole, and work with a premium commercial tenant, for the site to be developed further as a primary or secondary business operational site.

The buildings comprise of a former Dutch Barn building that that been converted to provide for an open area of secure storage, extending to 93 Sq. m (1,001 Sq. ft) of accommodation, with a centrally positioned roller shutter door. An internal connecting door leads into a separate lean too building providing further secure storage of 44 Sq. m (474 Sq. ft) and served by a separate roller shutter door. A pedestrian door on the gable elevation of the main building provides for pedestrian access.

An extensive level stoned yard extends to the front of the site with parking area to the gable elevations of the building. There is further scope for any additional buildings such as further storage, workshop or office site cabins for business-based working, subject to planning approval.

Services: Mains water is connected to the buildings with an external tap supply available. Mains electricity is not connected with a previous tenant using a generator when on site. The landlord is willing to work with any tenant requiring a mains electricity connection at the site.

Proposed Lease Terms:

The principal lease terms proposed are as follows;

• A fully Repairing & Insuring (FRI) Lease (Landlord will insure and reclaim the premium).
• Lease Term: A fi ve -year lease term is proposed (fl exibility on the lease term).
• Rent: The agreed Rent is payable quarterly in advance on the Rent Days of 1st March; 1st June; 1st September and 1st December each year. VAT is chargeable upon the Rent.
• Deposit: A Deposit of one quarter’s Rent plus the VAT equivalent amount will be held by the Landlord for the duration of the lease term.
• No Service Charge is payable.
• Services: The existing mains water supply will remain payable by the Landlord, with all consumed water and the standing charge rebilled to the tenant upon receipt of the water bill at the same rates charged by Severn Trent Water.
• Business Rates: The Tenant will be responsible for the payment of any business rates that become payable for the leased area. The Oxstalls currently has a Rateable Value of £8,600 with £3,715.20 per annum being the Business Rates charge. Small Business Rate Relief is currently applicable and covers the rates liability, so no Business Rates are currently payable.
• Insurance: The Tenant will be responsible for the buildings insurance premium relating to The Oxstalls payable under the Landlords Estates insurance policy. This will be rebilled annually by the Landlord.
• The Landlord will reserve a right of access along the western boundary for accessing the retained part of the site for management of the paddock and any future development.

Viewings: Strictly by appointment via Powells as the Letting Agent.

Enquiries: For further information please contact Powells FAO David Powell BSc (Hons) MSc MRICS FAAV