Units 1 and 6 Upper Mills Trading Estate, Bristol Road, Stonehouse, GL10 2BJ

Description
The properties are two adjoining stone-built buildings beneath pitched tiled roofs, both of which have been comprehensively refurbished. Each building provides modern office accommodation arranged over three floors.

The specification includes:

• Heat source pump
• New uPVC double-glazed windows
• Painted plastered walls and ceilings
• Exposed beams on the top floor of Unit 6
• LED lighting
• Air conditioning in part
• Carpeted floor coverings
• Electric vehicle charging points

Kitchen and WC facilities are provided throughout, ensuring a high standard of amenity for occupiers.

Externally, the properties benefit from allocated parking directly in front of the buildings.

TERMS
We are instructed to seek offers at £700,000 (Seven Hundred Thousand Pounds), which reflects a net initial yield of 8.16% after purchasers' costs at 5%, gross yield of 8.57% and capital value equating to approximately £170 per sq ft.

MONEY LAUNDERING
The purchaser will be required to provide information to satisfy AML requirements.

TENANCY
The property is let to Cotswold Energy Group Ltd on a full repairing and insuring lease (subject to a Schedule of Condition) for a term expiring 10 May 2028, at a rent of £60,000 per annum. The lease is excluded from the Security of Tenure provisions of the Landlord and Tenant Act 1954. A copy of
the lease agreement is available upon request.

Cotswold Energy Group Ltd. is a professional energy solutions provider specialising in sustainable technologies and efficiency improvements across residential and commercial sectors. The business has been trading since 2018 and has over 120 employees. Further details can be viewed at :
https://cotswold.energy/

Please see attached brochure for further information on the tenancy.

Location
Upper Mills Industrial Estate is located on the eastern side of Stonehouse just south of the A419 Bristol Road (via a bridge) positioned between the River Frome and Stroudwater Canal. The estate is also accessed from the west via Downton Road. The estate comprises a traditional former 19th Century Mill complex now divided into separate individual industrial and office units occupied by a mix of local and regional company occupiers.

It is located just off the A419 Stroud to M5 motorway link; Junction 13 is 3 miles to the west and Stroud is 3 miles to the east. The M5 offers excellent access to Bristol and Gloucester and further afield.