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

35017 sq ft Industrial
£1,500,000 Freehold £1,500,000 Guide Price
AVAILABLE
£1,500,000 Freehold £1,500,000 Guide Price
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Contact the Ledbury Office on 01531 634648 Option 3.

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  • 35017 Square Feet

 

  • 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

Description

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 & Description

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.

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.

LOWER GROUND FLOOR - 1365 sq ft (126.81 sq m)

The Lower Ground Floor comprises: Entrance, Offices, WC facilities, Hall, Shower Room, and provides access to the warehouse.

GROUND FLOOR - 904 sq ft (83.98 sq m)

The Ground Floor comprises: Entrance Hall, Reception, Offices, and WC facilities.

FIRST FLOOR - 1199 sq ft (111.39 sq m)

The First Floor comprises: Open Plan Office, Store, meeting room and further office accommodation.

SECOND FLOOR - 441 sq ft (40.97 sq m)

The Second Floor comprises: Meeting Room, and store.

WAREHOUSE AREA 1 - 13203 sq ft (1226.56 sq m)

Warehouse Area 1 includes the areas referred to on the floor plan as Bays 1 and 2, which comprises: factory/production areas and mezzanine.

WAREHOUSE AREA 2 - 17905 sq ft (1663.37 sq m)

Warehouse Area 2 includes the area referred to on the floor plan as Bays 3 and 4, which comprises: production and storage space, office and mezzanine.

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.

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.

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.

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.

Council Tax

Not Applicable

Energy Performance 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

MISREPRESENTATION ACT, 1967 - JOHN GOODWIN - Conditions under which Particulars are issued:
John Goodwin for himself and for the Vendors or lessors of this property whose agent he gives notice that:

  1. The particulars are set out as a general outline only for the guidance of intending purchasers or leasees and do not constitute, nor constitute part of, an offer or contract.
  2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them.
  3. No person in the employment of John Goodwin has any authority to make or give any representation or warranty whatever in relation to this property.

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.

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