Unit 16 offers a large open plan storage facility which is situated on a secure site with a 24/7 on site security presence and is ideally situated very close to Junction 16 of the M4. The unit has three electrically operated roller shutter doors (3m by 3m) and additional pedestrian access. It offers a minimum internal eaves height of 3.7m rising to 7.5m at the midpoint. There is lighting throughout and a 3 phase electrical supply. Whilst the unit currently does not have independent wc facilities these can be incorporated by the Landlord.
Location
Clearwater Business Park forms part of Blagrove Industrial Estate and is situated approximately ½ mile from Junction 16 of the M4. The Park is home to a large number of occupiers including CHEP, Grant, Catalent, Water Research Council and Anchor Storage.
There are a number of car and vehicle showrooms including Ferrari, Maserati, Porsche, VW and MAN Trucks. A Holiday Inn Express hotel is approximately ¼ mile away and there is a Premier Inn and Double Tree hotels with retail facilities including a Londis supermarket, Greggs, Subway and a Costa drive-thru at Lydiard Fields ½ mile distant. Swindon Town Centre is approximately 4 miles to the east via the Great Western Way dual carriageway.
Accommodation
25,267 sq ft (2,347 sq m)
Terms
Planning We understand the property may be suitable for E (Commercial, Business and Service), B2 (General Industrial) and B8 (Storage and Warehousing) uses. Interested parties are recommended to make their own specific enquiries with the Local Planning Authority, Swindon Borough Council Tel: 01793 445500 or www.swindon.gov.uk
Business Rates The Valuation Office Agency website describes the property as “Warehouse and Premises” with a rateable value of £101,000 effective from 1 April 2023. The Uniform Business Rate for the year 2023/24 is £0.512p. Interested parties should make their own enquiries to Swindon 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 The EPC Rating is Band C (52) and the full certificate can be provided on request.
Code for Leasing For the latest RICS advice on commercial property leasing, please consult the RICS Real Estate Code for Leasing 2020
Lease/Terms The unit is available by way of a new full repairing and insuring lease direct from the landlord for a term of years to be agreed at a rent of £89,000 per annum exclusive. This equates to approximately £3.50 per sq ft per annum exclusive.
Legal Costs The ingoing tenant is to make a contribution of £750 plus VAT towards the landlord’s legal costs.
References/Rental Deposits Financial and accountancy references may be sought from any prospective tenant prior to agreement.
Prospective tenants will be required to provide a rental deposit equivalent to 3 months rent subject to the landlord’s discretion.
VAT Under the Finance Acts 1989 and 1997, VAT will be levied on the rent. We recommend that the prospective tenants establish the VAT implications before entering into any agreement.
Anti-Money Laundering Regulations A successful tenant will be required to provide relevant information to satisfy the AML requirements when Heads of Terms are agreed.
Specification
- Onsite Parking
- 3 loading doors
- Hanging lighting
- 3 phase supply