The properties are located off Manor Road, close to the Gallagher Retail Park, about 1½ miles West of Cheltenham town centre with good access from the A4019 Tewkesbury Road. Access to the M5 motorway Junctions 10 and 11 are within approximately 2 miles.
The units built circa mid 1980’s of clear span steel portal frame construction to full eaves height at 18’5” with internal block walls, external facing brickwork and lined profiled claddings above. Each unit is set back from Mackenzie Way behind a significant front parking area.
GROSS INTERNAL FLOOR AREAS
Unit 1 5,964 sq. ft. 554 sq m Unit 2 5,923 sq. ft. 50.26 sq m Including first floor offices built within and to front of each unit.
Consent granted 10/08/1982 for construction of 10 light industrial units (6 built). N.B. Planning permission CB14/02220/FUL granted 25/02/15 permits extension to car park of Unit 1 on land fronting Manor Road.
Unit 1 has an EPC rating of ‘D’ 79 Ref: 0710 3954 0314 4080 2024
Unit 2 has not been assigned an EPC rating.
Both units are let under tenant’s full repairing and insuring terms for 10 years from 18th March 2015 with upward rent review 18/03/2020 to the greater of FRV or present rent increased by RPI capped at 5% p.a.
Tenant: Broughtons of Cheltenham Ltd with guarantor H R Owen plc, offer a first class covenant with Creditsafe ratings of 65-71 respectively (Low Risk).
The units are not elected for VAT purposes.
Offers are invited in excess of £1.1 m reflecting a net initial yield of 6.09% after assuming normal purchaser’s costs of 5.79%.
All mains services are connected to the unit.
Strictly by prior appointment with the sole letting agents SPA Chartered Surveyors, 5 Kew Place, Cheltenham, Gloucestershire GL53 7NQ Tel. No. (01242) 255242
Contact either Harry Pontifex or Simon Pontifex for more information.
Units 1 & 2 Mackenzie Way
Type: Light industrial, Distribution Warehouse, General Industrial, Warehouse, Land, Offices, Retail, Industrial, Commercial Land
The land is approximately 25.91 acres (10.48 hectares) of permanent pasture land, offered as a whole or in two lots. The land is Grade 3 pasture land bounded by mature hedgerows situated on loamy soils. There is a footpath across the land.
Lot 1: a parcel of gently sloping permanent pasture land, extending to approximately 10.30 acres (4.17 hectares) Lot 2: a parcel of gently sloping permanent pasture land, extending to approximately 15.44 acres (2.25 hectares)
( Agency Pilot Software Ref: 3661 )
Land At Greenway Lane, Cheltenham, GL52 6PN
Type: Land, Commercial Land
Land At Greenway Lane, , Charlton Kings, Cheltenham, GL52 6PNGBCheltenham, CheltenhamGloucestershireGL52 6PNGreenway Lane
Southam is a small village located to the north east of Cheltenham. Sites 7034, 7045 and 7066 are all located directly adjacent to Southam's settlement boundary.
Southam is identified as a Medium Fourth Tier Settlement in the Emerging Gloucestershire Joint Core Strategy, where limited development would be considered acceptable .
Sites 7034, 7045 and 7066 are located within the Green Belt (GRB1).
Environment Agency Flood Risk mapping for land-use planning, indicates that all of the sites are located in Flood Risk Zone 1.
It is appreciated that potential future residential planning applications of the sites would need careful consideration of the surrounding policy designations and rely on their proximity to the sustainable settlement boundary of Southam.
I would be grateful if you could please confirm whether you are interested in this site by submitting an offer, for an Option, Promotion Agreement, including the following headings as a minimum (if Promotion/Option Agreement):
- Purchase Price - Percentage of Market Value (If Option Agreement) - Percentage of sale price to the retained by the landowner (If Promotion Agreement) - Deductible costs and any caps - Minimum price per gross acre within a consent - Term of Agreement - Premium
In addition, we note that our client's professional (legal and surveyors) costs incurred will be payable by yourselves but we should expect these costs to be deductible from the eventual sale price (if option/promotion agreement).
( Agency Pilot Software Ref: 3467 )
Land At Southam, Cheltenham, GL52
Type: Land, Commercial Land
Land At Southam, CheltenhamGBCheltenham, CheltenhamGloucestershireGL52 3NQSoutham Road