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

  • Units 1-12 Site C<br>Lakeside Business Park, South Cerney<br>Cirencester<br>Gloucestershire<br>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
  • Sector
    Industrial/Warehouse
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

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

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.

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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Site Plan
    Updated Date
    07.10.20
    File Size
    451 KB
    View PDF
  • Catalogue Page
    Updated Date
    09.10.20
    File Size
    460 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Horsey Lightly Solicitors
Simon Barrett 01635 517149sbarrett@horseylightly.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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