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
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. Aug 31 2018 5:06PM)
Dowty House, St Margarets Road, CHELTENHAM, GL50 4EQ
Type: General Industrial, Residential, Residential, Residential, Retail - High Street, Industrial, Retail
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