Jonathan Preece
01989 768555

FOR SALE INDUSTRIAL INVESTMENT - Units 1E & 2E, Tufthorn Industrial Est, Coleford GL16 7LR

FOR SALE INVESTMENT - Units 1E & 2E, Tufthorn Industrial Est, Coleford GL16 7LR

Units 1E and 2E Tufthorn Industrial Estate, Stepbridge Road, Coleford, GL16 8PJ

512 sq m
For sale £700,000

LOCATION
The Units are situated on the Tufthorn Industrial Estate which lies on the outskirts of Coleford which is situated approx. 17 miles from Gloucester, 12 miles from Ross on Wye and 7 miles from Monmouth.

The well established industrial estate has occupiers including Jewsons, Travis Perkins, Maddock Plant Hire & Sales and other local and regional businesses.

DESCRIPTION
The investment opportunity comprises two portal frames buildings extending to a total of 11,300 sq ft approx. situated within a secure compound extending to approx. x acres.

The premises have recently been let on two separate leases, each for a term of 15 years on full repairing and insuring terms subject to 5-yearly rent reviews.

The commencing rental for each unit is £25,000 per annum providing a total annual income of £50,000 (Gross initial yield of 7.25%).

The current tenants are Wheelmaster (UK) Ltd and Aspect Commercial Wheels Ltd have operated from the site for approximately x years and there are no current rental arrears.

ACCOMMODATION
Unit 1E - 42x x 12.7m = 512 sq m (5,741 sq ft ) approx.
Kitchenette & WCs

Unit 2E - 42.3m x 13.23 m = 517 sq m (5,570 sq ft) approx.
Kitchenette & WCs

Both units have been sub-divided to create workshop and storage areas, together with mezzanine storage

SERVICES
Mains water, drainage and electricity are connected.
N.B. None of the appliances or services have been tested in the property and interested parties should satisfy themselves as to their suitability and safety.

TERMS
The premises are available on a freehold basis.

OUTGOINGS
Rateable Values:

VAT
The rent is subject to VAT

PLANNING
We understand the premises have consent for Light Industrial Use. Subject to the appropriate consents, should the premises fall vacant there is scope for further development on the site.

OTHER
Services, Fixtures, Equipment, Buildings & Land - none of these have been tested by Jonathan D Preece Ltd. Any interested party will need to satisfy themselves as to the type, condition and suitability for purpose.

MISPRESENTATION ACT
These particulars are prepared with care, but are not guaranteed and do not constitute, or constitute part of, an offer or contract. Intending purchasers must satisfy themselves of these particulars' accuracy by inspection or otherwise, since neither the vendor, nor Jonathan D Preece Ltd shall be responsible for statements or representations made. The Vendor does not make or give, and neither Jonathan D Preece Ltd nor any person in their employment has any authority to make or give any representation or warranty in relation to this property.
We would strongly advise anyone wishing to view this property to contact us first, particularly if travelling any distance, to confirm availability and to discuss any material facts relating to it which are of importance to them and we will endeavour to verify such information.

VIEWING
Strictly by prior appointment with the Sole Selling Agents, Jonathan D Preece, Surveyors & Commercial Agents 01989 768555

  • FOR SALE INDUSTRIAL INVESTMENT - Units 1E & 2E, Tufthorn Industrial Est, Coleford GL16 7LR
  • FOR SALE INDUSTRIAL INVESTMENT - Units 1E & 2E, Tufthorn Industrial Est, Coleford GL16 7LR
Arrange a viewing

Ref: JP003996

MISREPRESENTATION ACT
These particulars are prepared with care, but are not guaranteed and do not constitute, or constitute part of, an offer or contract. Intending purchasers must satisfy themselves of these particulars' accuracy by inspection or otherwise, since neither the vendor, nor Jonathan Preece Surveyors, shall be responsible for statements or representations made. The Vendor does not make or give, and neither Jonathan Preece Surveyors nor any person in their employment, has any authority to make or give any representation or warranty in relation to this property. We would strongly advise anyone wishing to view this property to contact us first, particularly if travelling any distance, to confirm availability and to discuss any material facts relating to it which are of importance to them and we will endeavour to verify such information.

Contact us about Units 1E and 2E Tufthorn Industrial Estate, Stepbridge Road, Coleford, GL16 8PJ

If you have a query or would like to arrange a viewing of this property, please complete the form below and one of our team will be in touch shortly.

Jonathan Preece

Trenchard House, Edde Cross Street
Ross On Wye, HR9 7BZ

01989 768555
enquiries@jdpsurveyors.co.uk

Commercial sales & lettings

RICS - Royal Institution of Chartered Surveyors

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