Unit 1 Stroudwater Business Park Brunel Way Stroud Gloucestershire GL10 3SX

Unit 1 Stroudwater Business Park
Brunel Way
Stroud
Gloucestershire
GL10 3SX

Freehold Warehouse Investment

Let to Note Stonehouse Limited (t/a Note UK)
Renewed 5 year lease from October 2023 (subject to mutual option)
Tenant in occupation since 2004
Approximately 8,270 sq ft on a site area of 0.64 acres (0.26 ha)
Low site coverage of 22%
Strategically situated in popular Industrial park where other occupiers include Phinia, Chappell Engineering, Renishaw Plc, BorgWarner Technologies and Stock 'N Lock Self Storage

Lot
15
Auction
13th December 2023
Rent
£74,000 per Annum Exclusive
(3)
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Freehold Warehouse Investment

Let to Note Stonehouse Limited (t/a Note UK)
Renewed 5 year lease from October 2023 (subject to mutual option)
Tenant in occupation since 2004
Approximately 8,270 sq ft on a site area of 0.64 acres (0.26 ha)
Low site coverage of 22%
Strategically situated in popular Industrial park where other occupiers include Phinia, Chappell Engineering, Renishaw Plc, BorgWarner Technologies and Stock 'N Lock Self Storage

Lot 15
Auction 13th December 2023
Rent £74,000 per Annum Exclusive (3)
Status Withdrawn Post
Price
Sector
Industrial, Warehouse
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 9 miles south of Gloucester, 32 miles north-east of Bristol
Roads: A38, A417, A419, M5 (Junction 13)
Rail: Stroud Railway Station
Air: Bristol Airport

Situation

The property boasts excellent communication links being within close proximity to A38, A419 and M5 (Junction 5). The property is strategically situated in Stroudwater Business Park, on the north side of Brunel Way. Other occupiers on the Business Park include Phinia, Chappell Engineering, Renishaw Plc, BorgWarner Technologies and Stock N Lock Self Storage.

Tenure

Freehold.

Location

Miles: 9 miles south of Gloucester, 32 miles north-east of Bristol
Roads: A38, A417, A419, M5 (Junction 13)
Rail: Stroud Railway Station
Air: Bristol Airport

Situation

Tenure

Freehold.

Description

The property comprises a warehouse with ancillary office accommodation arranged on the ground and first floors. The property benefits from approximately 25 car parking spaces.

The property benefits from a site area of 0.26 Hectares (0.64 Acres) with a site coverage of approximately 22%.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band B

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band B

Tenancy & Accommodation

Floor	Use	Gross Internal Floor Areas Approx sq m	Gross Internal Floor Areas (Approx sq ft)	Tenant	Term	Rent p.a.x.
Ground First	Warehouse/Offices Offices	552.12 216.93	(5,943) (2,335)	NOTE STONEHOUSE LIMITED (t/a Note UK) (1)	5 years from 31/10/2023 (2) on a full repairing and insuring lease	£74,000
Total		769.05	(8,270)			£74,000 (3)

(1) Note UK specialise in Electronic Manufacturing Services for high reliability and complex technologies. They have been established for over 40 years and also operate from a site in Windsor. They are a part of Note Group who are one of the leading EMS partners in northern Europe, manufacturing high end electronics on assignment from customers at state-of-the-art plants across Europe and Asia. (www.note-uk.co.uk).
(2) The lease is subject to a mutual option to determine on 31/10/2026.
(3) Under the terms of the lease, the rent currently reserved is £72,000 per annum exclusive. The rent will increase to £73,000 p.a.x on 31/10/2024, and to £74,000 p.a.x. on 31/10/2025. The Seller will pay to the Buyer the difference between the current rent reserved from completion of the sale until 31/10/2025, therefore the property will effectively produce £74,000 p.a.x. from completion of the sale - please see Special Conditions of Sale.

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.