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 6.68% 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, Industrial
A new industrial development of warehouse/industrial units 8.4m minimum clear heightFirst floor mezzanines for storage or fitting out as officesFull height electric loading doors37.5kN per sq m floor loading15% warehouse roof lightsAbility to combine units
Furlong Business Park, Cleeve Business Park, Bishops Cleeve, Cheltenham, GL52 8TW
Type: General Industrial, Industrial
Furlong Business Park, Cleeve Business Park, Bishops Cleeve, Cheltenham, GL52 8TWGBTewkesbury, CheltenhamGloucestershireGL52 8TWCleeve Business Park
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
Development/refurbishment opportunity The Property, which is situated on an approximate site area of 0.2 hectares (0.495 acres, comprises a substantial two storey period building which was extended during the 1960's. The Property has until recently has been used as a care home facility and includes passenger lift and kitchen facilities.
(From Caldes Software. Property Ref: N87568. May 1 2018 12:29PM)
Dowty House, St Margarets Road, CHELTENHAM, GL50 4EQ
Type: General Industrial, Residential, Residential, Residential, Retail - High Street, Industrial, Retail
* Retail investment situated opposite the new Ivy Restaurant; other occupiers in the area include Cote Brasserie, ASK, Harry Cooks, All Bar One and Cheltenham Wine Bar. * The tenant, Indian Voojan (www.indianvoojan.co.uk), have been in occupation since 2008 and are part of a larger restaurant group in the area. * There is an upcoming rent review on 24 October 2018.
The property is a Grade II Listed mid terrace building with retail accommodation arranged over the ground and first floors with a commercial kitchen in the basement and living accommodation on the second floor. The ground floor has been extended and the restaurant area provides up to 100 covers with a secondary seating area at first floor level providing an additional 25 covers.
There is living accommodation on the second floor and a commercial kitchen and storage in the basement. There is access at the rear to Royal Parade Mews.
TENANCY The property is let to Abul Rakib, Abdul Rashid, Abdul Mannan and Ansar Afi by way of an assignment of a lease dated 14th December 2007 made between Radco Property & Investment Holding Limited and Mandarin Kite Ltd.
The reversionary lease is for a period of 15 years on a full repairing and insuring basis from 24th October 2013 and includes rent reviews on every 5th anniversary with the next one due on 24th October 2018.
A copy of the Lease is available upon request.
RECENT TRANSACTIONS The following lettings have taken place within the area:
1 Montpellier Avenue was let to Alno for a term of 10 years at a rent devaluing to £70 per sq ft ITZA. 22 Montpellier Walk was let to Blakes for a term of 10 years at a rent devaluing to £80 per sq ft ITZA. The passing rent of 5 Rotunda Terrace (£43,000) devalues to approximately £50 per sq ft ITZA allowing ZA/4 for the first floor and £625 per month for the living accommodation.
CHELTENHAM - 5 ROTUNDA TERRACE, MONTPELLIER STREET
Devon Place is a part three, part two storey building of part rendered brick construction under a flat roof. The majority of the accommodation is arranged in clusters with each having a communal kitchen/dining area providing a range of high and low level units, stainless steel single sink unit, cooker and washing machine. There is a designated warden's office and a communal conservatory to the rear.
The property has been finished to a high standard throughout and includes:
Painted plastered walls and ceilings. Carpet and lino floor coverings thoughout. uPVC double glazed windows. Combination of aluminium and uPVC doors. Each bedroom has an ensuite shower room. CCTV and key pad entry system. The property is set within a secure site with landscaped grounds with allocated parking to the front and a bicycle store to the rear.
Planning consent has been implemented to develop a further 38 rooms on the site.
For Sale - attractive sought after residential location
- Attractive sought after residential location on the edge of Cheltenham within the Cotswolds AONB - The site extends to approximately 14.9 ha (36.86 acres) gross - Development potential (subject to planning) - Offers invited for the freehold interest with vacant possession - Informal tender deadline 12 noon Friday 23 March 2018
For Sale with Development Potential in Gloucestershire
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
The property comprises a two storey building of brick construction under a pitched tiled roof. The accommodation comprises 2 retail areas, commercial kitchen, and WC facilities on the ground floor with additional WCs, an office and storage above. Access is provided from the front and side across a public highway.
PROPOSAL Enquiries have been made on behalf of the current owner in respect of residential development. The plans that have been prepared show four no. residential dwellings on the site, with an accommodation breakdown of one no.1 bedroom flat extending to 46 sq m (495 sq ft) and three no. 2 bedroom flats extending to 64 sq m (689 sq ft). Provisions for cycle storage have been provided for within the communal facilities on the ground floor.
CHELTENHAM - 93 ALBION STREET - POTENTIAL RESIDENTIAL DEVELOPMENT OPPORTUNITY
Unit 12 is an end terrace industrial/warehouse unit of steel portal frame construction with mainly brick elevations incorporating an element of cladding and glazing to the front and rear. The roof is insulated cladding incorporating translucent panels at regular intervals.
The property comprises the main workshop/production area with offices and staff facilities to the front. The eaves height is approximately 4.47m and there is sodium vapour lighting with an oil fired blower heater in the workshop area. The unit also benefits from electric points around the workshop, security alarm and door access system.
The accommodation to the front is subdivided with the main room being used as a staff area and the other space being used as a small meeting room and WC facilities.
Externally there is allocated parking to the front and rear within a communal yard.
The property has an EPC rating of E-123. Certificate Ref No: 0040-2921-0392-6210-7080.
CHELTENHAM - UNIT 12 MALMESBURY ROAD, KINGSDITCH INDUSTRIAL ESTATE
Type: Distribution Warehouse, General Industrial, Industrial Park, Light Industrial, Warehouse, Storage, Trade Counter, Offices, Industrial, Retail
Unit 12, Malmesbury Road, GL51 9PLGBCheltenhamGloucestershireGL51 9PLMalmesbury Road