A detached purposes built trade warehouse of steel former frame construction with an internal haunch height of approximately 6 metres. The elevations are of profiled plastic-coated steel cladding, including a glazed section, brick and block. Access is by two level access loading doors. A partition divides the former showroom area from the warehouse. The building sits on a large yard with gated access from Kennet Close.
Location
The property is located approximately 1.5 of a miles north west of Junction 9 of the M5 Motorway and 2 miles east of Tewkesbury town centre within a major industrial area. The building is situated in a prominent location adjacent to the junction of Shannon Way, Northway Lane and Seven Drive. Access is via Kennet Close to the rear
Accommodation
15,055 sq ft (1,398.65 sq m)
Terms
Business Rates The latest VOA assessment gives a rateable value of £101,000 and is classified as warehouse and premises. Interest parties should contact Tewkesbury Borough Council to ascertain the exact rates payable as a change in occupation may trigger an adjustment of the ratings assessment. www.voa.gov.uk .
Energy Performance Certificate An EPC is to be commissioned.
Code for Leasing For the latest RICS advice on commercial property leasing, please consult the RICS Real Estate Code for Leasing 2020
Services We are advised that all main services are connected to the premises. We confirm that we have not tested any of the service installations and any occupier must satisfy themselves independently as to the state and condition of such items
Lease Terms The property is available on leasehold terms.
Legal Costs Each party is to be responsible for their own legal costs.
References/Rental Deposits Financial and accountancy references may be sought from any prospective tenant prior to agreement. Prospective tenants may be required to provide a rental deposit subject to the landlord’s discretion.
VAT Under the Finance Acts 1989 and 1997, VAT may be levied on the rent. We recommend that the prospective tenants establish the VAT implications before entering into any agreement.
AML A successful tenant/purchaser will be required to provide relevant information to satisfy the AML requirements when Heads of Terms are agreed.
Specification
- Prominent trade warehouse
- Low density site with large yard
- Available on leasehold terms.