Tetbury Industrial Estate Cirencester Road Tetbury Gloucestershire GL8 8EZ

  • Tetbury Industrial Estate<br>Cirencester Road<br>Tetbury<br>Gloucestershire<br>GL8 8EZ

Tetbury Industrial Estate
Cirencester Road
Tetbury
Gloucestershire
GL8 8EZ

Freehold Industrial Estate with Residential Development Potential (subject to consents)

  • Substantial Industrial Estate
  • Potential for Residential or Commercial Redevelopment (subject to consents).
  • All Leases Excluded from the Security of Tenure Provisions of L&T Act 1954
  • Highly Attractive and Affluent Cotswold location
  • 800m South West of Tetbury Town Centre
  • New Residential Developments immediately around the property.
  • Site Area of Approx. 2.29 Ha (5.66 Acres)
  • Lot
    17
  • Auction
    7th November 2024
  • Rent
    £414,692 per Annum Exclusive
  • Status
    Available
  • Guide*
    Contact Us
  • Auction Venue
    Live Streamed Auction
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Freehold Industrial Estate with Residential Development Potential (subject to consents)

  • Substantial Industrial Estate
  • Potential for Residential or Commercial Redevelopment (subject to consents).
  • All Leases Excluded from the Security of Tenure Provisions of L&T Act 1954
  • Highly Attractive and Affluent Cotswold location
  • 800m South West of Tetbury Town Centre
  • New Residential Developments immediately around the property.
  • Site Area of Approx. 2.29 Ha (5.66 Acres)
  • Lot 17
  • Auction 7th November 2024
  • Rent £414,692 per Annum Exclusive
  • Status Available
  • Guide* Contact Us
  • Sector
    Industrial, Warehouse
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
1 mile east of Tetbury Town Centre, 10 miles south-west of Cirencester, 11 miles south of Stroud and 22 miles north-east of Bristol
Roads
A433, A4135, B4014
Rail
Kemble Railway Station
Air
Bristol Airport
Situation

Tetbury is a historic and affluent Market Town that is the second largest Town in the Cotswolds and home to King Charles, who owns the nearby Highgrove House Estate.

Tetbury Industrial Estate is a less than a mile east of Tetbury town centre, just off Cirencester Road, a short distance from its junction with the A433 (Cirencester to Bath Road). The immediate locality is mostly residential with particular note to the current nearby The Limes residential development by Newland Homes comprising 45 new 2, 3 and 4 bedroom houses with parking and garages (https://www.newlandhomes.co.uk/new-homes/new-homes-in-tetbury/).

Tenure

Freehold.

Location
Miles
1 mile east of Tetbury Town Centre, 10 miles south-west of Cirencester, 11 miles south of Stroud and 22 miles north-east of Bristol
Roads
A433, A4135, B4014
Rail
Kemble Railway Station
Air
Bristol Airport
Situation

Tetbury is a historic and affluent Market Town that is the second largest Town in the Cotswolds and home to King Charles, who owns the nearby Highgrove House Estate.

Tetbury Industrial Estate is a less than a mile east of Tetbury town centre, just off Cirencester Road, a short distance from its junction with the A433 (Cirencester to Bath Road). The immediate locality is mostly residential with particular note to the current nearby The Limes residential development by Newland Homes comprising 45 new 2, 3 and 4 bedroom houses with parking and garages (https://www.newlandhomes.co.uk/new-homes/new-homes-in-tetbury/).

Tenure

Freehold.

Description

The property is a substantial industrial estate comprising 4 main buildings, some of which has been separated into smaller units. The property benefits from a total approximate site area of 2.29 Ha (5.66 Acres).The area outlined in blue on the aerial photograph is not included in the sale.

The property may be suitable from residential or commercial redevelopment, subject to consents.

VAT

VAT is not applicable to this lot.
VAT is only applicable to Unit 1. However, the Special Condition of Sale provide for the sale to be treated as a Transfer of a Going Concern (TOGC), if the Buyer qualifies.

Planning

The property is within the Cotswold District Council jurisdiction and does not appear to be situated within a Conservation Area. The property may be suitable for Residential or commercial redevelopment, subject to obtaining the required consents.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property is a substantial industrial estate comprising 4 main buildings, some of which has been separated into smaller units. The property benefits from a total approximate site area of 2.29 Ha (5.66 Acres).The area outlined in blue on the aerial photograph is not included in the sale.

The property may be suitable from residential or commercial redevelopment, subject to consents.

VAT

VAT is not applicable to this lot.
VAT is only applicable to Unit 1. However, the Special Condition of Sale provide for the sale to be treated as a Transfer of a Going Concern (TOGC), if the Buyer qualifies.

Planning

The property is within the Cotswold District Council jurisdiction and does not appear to be situated within a Conservation Area. The property may be suitable for Residential or commercial redevelopment, subject to obtaining the required consents.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Address Floor Use Floor Areas
Approx sq m		 Floor Areas
Approx sq ft		 Tenant Term Rent p.a.x. Rent Review
(Reversion)
Unit 1 Ground Industrial
1,652.61
(17,789)
 MHM FABRICATIONS LIMITED 10 years from 01/08/2013 (holding over)
£60,692
  
Unit 2 Ground Industrial
240.91
(2,593)
 AN INDIVIDUAL 1 year from 25/06/2024
£14,400
(24/06/2025)
Unit 4A (Back Part) Ground Industrial
-
(-)
 VACANT POSSESSION -
-
-
Unit 4A (Front Part) Ground Industrial
-
(-)
 VACANT POSSESSION -
-
-
Unit 4A (Old Office) Ground Industrial
-
(-)
 VACANT POSSESSION -
-
-
Unit 4B Ground Industrial
-
(-)
 AN INDIVIDUAL (Lee Cross) (t/a Ashness Residential) 1 years from 01/06/2024
£58,800
(31/05/2026)
Unit 4C Ground Industrial
-
(-)
 VACANT POSSESSION -
-
-
Unit 4D Ground Industrial
-
(-)
 AN INDIVIDUAL (t/a Tetbury Furniture) 1 years from 08/12/2022 (holding over)
£12,000
-
Unit 4D Ground Industrial
-
(-)
 AN INDIVIDUAL 1 year from 08/12/2022 (holding over)
£6,000
-
Unit 4E Ground Industrial
-
(-)
 Lueella Fashion Limited (crn 08612349)(t/a Luella Fashion) 1 year from 08/12/2022 (holding over)
£24,000
-
Unit 4E Ground Industrial
-
(-)
 R & J PEARCE LTD (CRN: 04167652) 1 year from 08/12/2022 (holding over)
£16,800
-
Unit 4E Ground Industrial
-
(-)
 SASSY & BOO LIMITED (CRN: 08372490) 1 year from 08/12/2022 (holding over)
£6,000
-
Unit 4E Ground Industrial
-
(-)
 CC WOOD LTD (CRN: 04357329) 1 year from 13/09/2024
£93,600
(12/09/2025)
Unit 4 Total Approximate Floor Area Ground Industrial
3,770.41
(40,584)
        
Unit 7 Ground Industrial
235.48
(2,535)
 VACANT POSSESSION -
-
-
Unit 8 Ground Industrial
229.78
(2,473)
 AN INDIDIVUAL (t/a Garden of Stone) 1 years from 08/12/2022 (holding over)
£9,600
-
Unit 9 Ground Industrial
105.11
(1,131)
 AN INDIVIDUAL (t/a Boxers Services) 1 year from 08/12/2022 (holding over)
£6,000
-
Unit 9A Ground Industrial
53.10
(572)
 AN INDIDIVUAL (t/a Garden of Stone) 1 year from 08/12/2022 (holding over)
£7,200
-
Vortex Building Ground Industrial
1,301.10
(14,005)
 AN INDIVIDUAL 1 year from 09/01/2024
£60,000
(08/01/2025)
RR Store (Back) Ground Storage
-
(-)
 AN INDIVIDUAL 1 years from 08/12/2022 (holding over)
£4,800
-
Rolls Royce Shed (Front) Ground Storage
-
(-)
 VACANT POSSESION    
-
Spray Shed Ground Storage
-
(-)
 AN INDIVIDUAL 1 month from 21/04/2023 (holding over)
£3,600
-
14 x Let Containers Ground Containers x 14
-
(-)
 MULTIPLE INDIVIDUALS See Legal Pack
£16,800
-
17 x Vacant Containers Ground Containers x 17
-
(-)
 VACANT POSSESSION -
-
-
Total Approximate Industrial Floor Area    
7,388.50
(81,682)
    
£414,692
  

(1) All leased are excluded from the Security of Tenure provisions of the Landlord and Tenant Act 1954.
(2) The rents stated above have been annualised, save for Unit 1.

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.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
Fahri LLP Unit 3, Mountview Court Friern Barnet Lane London
N20 0LD
Roumiana Dimitrova 01992 350 172roumiana@fahrillp.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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