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Detached Twin Bay Warehouse / Industrial Unit, Unit D Groundwell Industrial Estate, Stephenson Road, Groundwell, Swindon, SN25 5AX

36,722 Sq Ft / Industrial / Warehouse / Distribution

For Sale

To Let

Withdrawn - Last updated: 22 July 2020

Detached twin bay warehouse / industrial unit with two-storey offices.

Formerly operated as a Data Centre.

Significantly refurbished in 2008 with replacement roof.

Secure gated and well-managed plot, with tarmacadam / concrete yard and car parking enclosed within 3m high perimeter fence.

Steel portal frame with 6.06m eaves height and 5m clear height.

Brick elevations up to 2m, steel profile sheet cladding above.

Location

Within a highly secure gated and well-managed plot on Stephenson Road.

Situated on a popular well-established industrial estate, in north Swindon.

Adjacent to A419 with access to it via Arkwright Road and A4311.

A419 / A417 connects Junction 15 of the M4 motorway in East Swindon, with Junction 11a of the M5 motorway in Gloucester.

Accommodation

Bay 1 – Warehouse - 1,193.27 sq m (12,844 sq ft)
Ground Floor Offices / Ancillary - 91.96 sq m (990 sq ft)
First Floor Offices / Ancillary - 91.96 sq m (990 sq ft)
Bay 2 – Warehouse - 1,541.01 sq m (16,587 sq ft)
Ground Floor Offices / Ancillary - 197.67 sq m (2,127 sq ft)
First Floor Offices / Ancillary - 168.19 sq m (1,810 sq ft)
Bay 2 – Warehouse Office / WC’s - 63.79 sq m (687 sq ft)
Bay 2 – Mezzanine Stores - 63.79 sq m (687 sq ft)
Total GIA - 3,411.64 sq m (36,722 sq ft)
Site Area - 0.72 ha (1.79 acres)

Terms

SERVICES
We understand that mains services are provided to the property including water, drainage, gas, and 3 phase electricity. The property is currently connected to a power supply of 800 KVA, with reserved power of 7.5 MVA available.

PLANNING
The property has previously been used as a Data Centre falling within Class B8 Storage & Distribution use. We anticipate it would also be suitable for Class B1(c) Light Industrial and Class B2 General Industrial subject to any necessary planning consent. Interested parties are advised to make their own enquiries with the local planning authority in respect of their proposed use. The lease permits Class B1(c) Light Industrial and Class B8 Storage & Distribution.

ENERGY PERFORMANCE
A full Energy Performance Certificate (EPC) is available upon request.

The property has been given an EPC rating of C (66).

RATEABLE VALUE
The property is listed in the Valuation List 2017 as Warehouse and Premises, with a Rateable Value of £152,000.

TENURE
The existing long leasehold interest in the property is available to purchase, by way of an assignment of the existing lease for a term of 125 years from 18th May 1987, in exchange for a premium.

Alternatively, consideration will be given to a new Full Repairing and Insuring (FRI) lease for a term of years to be agreed, subject to status.

PRICE / RENT
Assignment premium or rent on a new lease are upon application. The current passing rent is £36,565 per annum, subject to 5 yearly rent reviews (geared to 20% of open market rent), with the next review date being 18th May 2022.

VAT
All figures are quoted exclusive of VAT which will be charged at the appropriate rate.

LEGAL COSTS
Each party is to bear their own legal, surveyors or other costs incurred in any transaction.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Price on Application For Sale Leasehold NA NA
Price on Application To Let NA NA

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