Units 1-12 Site C Lakeside Business Park, South Cerney Cirencester Gloucestershire GL7 5XL

Units 1-12 Site C
Lakeside Business Park, South Cerney
Cirencester
Gloucestershire
GL7 5XL

Multi-let Industrial Investment

12 modern industrial units
7 sold off on long leases
Roller shutter doors and parking
Producing £50,349 p.a. together with a vacant unit
Asset Management opportunity

Lot
16
Auction
28th October 2020
Rent
£50,349 per Annum Exclusive
Status
Sold
Price
£737,000
Auction Venue
Live Streamed Auction

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Multi-let Industrial Investment

12 modern industrial units
7 sold off on long leases
Roller shutter doors and parking
Producing £50,349 p.a. together with a vacant unit
Asset Management opportunity

Lot 16
Auction 28th October 2020
Rent £50,349 per Annum Exclusive
Status Sold
Price £737,000
Sector
Industrial, Warehouse
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 4 miles south of Cirencester; 10 miles north-west of Swindon; 36 miles north-east of Bristol
Roads: A419, A429, M4, M5
Air: Bristol Airport

Situation

South Cerney is situated 4 miles south of the historic and attractive town of Cirencester. Cirencester is the largest town in the Cotswolds district, attracting many tourists. The property is prominently situated in a well established industrial and commercial area in South Cerney.

Tenure

Virtual Freehold. - 999 year lease.

Location

Miles: 4 miles south of Cirencester; 10 miles north-west of Swindon; 36 miles north-east of Bristol
Roads: A419, A429, M4, M5
Air: Bristol Airport

Situation

Tenure

Virtual Freehold. - 999 year lease.

Description

The property comprises 12 modern industrial units 7 of which have been sold off on long leases and one of which is currently vacant. The property benefits from roller shutter doors and parking.

VAT

VAT is applicable to this lot.

Completion Period

Four week completion

EPC

See legal pack.

Description

The property comprises 12 modern industrial units 7 of which have been sold off on long leases and one of which is currently vacant. The property benefits from roller shutter doors and parking.

VAT

VAT is applicable to this lot.

Completion Period

Four week completion

EPC

See legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
7 8	Ground Ground	Industrial Industrial	156.53 sq m 147.25 sq m	(1,685 sq ft) (1,585 sq ft)	EVOLUTION FITNESS PT LIMITED (1)	5 years from 21/07/2016	£22,000	20/07/2021
9	Ground	Industrial	147.25 sq m	(1,585 sq ft)	VACANT POSSESSION
10	Ground	Industrial	147.25 sq m	(1,585 sq ft)	TRUFFLE HUNTER (2)	Tenancy at will	£12,281
11	Ground	Industrial	189.05 sq m	(2,035 sq ft)	TRUFFLE HUNTER (2)	4 years from 10/05/2019	£15,768	09/05/2023
12	Ground	Industrial	-	-	JON SHIPMAN CONTRACTING LIMITED	999 years from 07/03/2005	£150	06/03/3004
1-6	Ground	Industrial	-	-	NEON HOMES LLP	999 years from 07/03/2005	£150	06/03/3004
Total			787.33 sq m	(8,475 sq ft)			£50,349

(1) www.evolution-fit.co.uk
(2) www.trufflehunter.co.uk

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.