Unit G1 Northway Trading Estate Northway Tewkesbury Gloucestershire GL20 8JH

Unit G1 Northway Trading Estate
Northway
Tewkesbury
Gloucestershire
GL20 8JH

Freehold Light Industrial Investment

Entirely let to Lockwell Electrical Distributors Ltd
Situated within the establishedNorthway Trading Estate
Tenant in occupation for at least 15 years
Just off the A45 and within 1 kilometre of the M5 (Junction 9)
Eight Week Completion

Lot
45
Auction
11th July 2013
Rent
£13,500 per Annum Exclusive
Status
Sold
Price
£160,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Light Industrial Investment

Entirely let to Lockwell Electrical Distributors Ltd
Situated within the establishedNorthway Trading Estate
Tenant in occupation for at least 15 years
Just off the A45 and within 1 kilometre of the M5 (Junction 9)
Eight Week Completion

Lot 45
Auction 11th July 2013
Rent £13,500 per Annum Exclusive
Status Sold
Price £160,000
Sector
Industrial, Warehouse
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 2.4 miles east of Tewkesbury Town Centre,10 miles north of Cheltenham, 13.6 miles north from Gloucester
Roads: A46, A438, M5 (Junction 9)
Rail: Ashchurch for Tewkesbury Rail
Air: Birmingham Airport

Situation

The property is situated on the eastern side of Northway Lane within the established Northway Trading Estate. Located just off the A45 and approximately 1 kilometre from the M5 Motorway (Junction 9). Northway Trading Estate houses a range of business sectors including engineering, manufacturing, garage services and gym facilities.

Tenure

Freehold.

Location

Miles: 2.4 miles east of Tewkesbury Town Centre,10 miles north of Cheltenham, 13.6 miles north from Gloucester
Roads: A46, A438, M5 (Junction 9)
Rail: Ashchurch for Tewkesbury Rail
Air: Birmingham Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor light industrial unit of approximately 201.60 sq m (2,170 sq ft).

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a ground floor light industrial unit of approximately 201.60 sq m (2,170 sq ft).

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground	Trade Counter	201.60 sq m	(2,170 sq ft)	LOCKWELL ELECTRICAL DISTRIBUTORS LTD (1)	6 years 3 months from 24/06/2013 until 23/09/2019 on a full repairing and insuring lease	£13,500	24/06/2016
Totals		201.60 sq m	(2,170 sq ft)			£13,500

1) For the year ending 31st January 2012, Lockwell Electrical Distributors Ltd reported a turnover of £21,202,061, pre-tax profits of £434,166 and a total net worth of £2,985,238. (Source: www.riskdisk.com 10/06/2013)