Units 6a & 6b Colletts Drive

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Key Points

Summary

Multi let Industrial Investment in Cheltenham

Description

The property comprises a terrace of two 1980 s built, semi detached industrial units of steel portal frame construction that are brick faced with profile clad elevations arranged under a pitched roof

Both units have suspended lighting, solid concrete floors and have a single loading door. Unit 6b benefits from office provision, arranged over two floors.

Externally, each unit benefits from a tarmacked loading area with space for approximately 6 parking spaces, accessed via a shared entrance.

Viewings

Strictly by appointment, only.

Location

Cheltenham is a historic, attractive spa town in Gloucestershire, located on the edge of The Cotswolds. The town population currently stands at 118,800, a 2.7% increase on the 2011 level. Cheltenham is famous for its Regency architecture, racecourse and the Cheltenham festival. Cheltenham has one university, the University of Gloucestershire, where two campuses are situated in Cheltenham, made up of approximately 8 500 students.

The Town has a strong local economy made up of small to medium sized enterprises. Major employers within Cheltenham includes Spirax Sarco Superdry, Steinhoff, GE Aviation Systems and Masstock Arable.

Terms

Freehold

Situation

The property is located at the end of Colletts Drive, immediately accessed off Tewkesbury Road (A4019). Tewkesbury Road lies approximately 2 miles west of Cheltenham Town Centre and is on the main arterial route to the town centre, linking with junction 10 of the M5 Motorway.

Tewkesbury Road is a major commercial location, home to food retailers, retail parks, motor showrooms and industrial accommodation including Kingsditch Trading Estate

EPC

Available upon request.

VAT

We understand the building is elected for VAT, and accordingly, it is anticipated that the sale will be dealt with as a Transfer of a Going Concern (TOGC).

Legal Costs

Each party to be responsible for their own legal costs incurred in the transaction.

Anti Money Laundering

In accordance with the current Anti Money Laundering (AML) Regulations, the purchaser will be required to provide and satisfy th e Vendor and their agents on the source of the funds used to acquire the property in advance of an exchange.