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
    28/Oct/2020
  • Rent
    £50,349 per Annum Exclusive
  • Status
    Sold
  • Price*
    £737,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • Units 1-12 Site C<br>Lakeside Business Park, South Cerney<br>Cirencester<br>Gloucestershire<br>GL7 5XL
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* More information on the term "price" can be found here

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.

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

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
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
£22,00020/07/2021
9GroundIndustrial
147.25 sq m
(1,585 sq ft)
VACANT
POSSESSION
   
10GroundIndustrial
147.25 sq m
(1,585 sq ft)
TRUFFLE HUNTER
(2)
Tenancy at will£12,281 
11GroundIndustrial
189.05 sq m
(2,035 sq ft)
TRUFFLE HUNTER
(2)
4 years from
10/05/2019
£15,76809/05/2023
12GroundIndustrial--JON SHIPMAN
CONTRACTING
LIMITED
999 years from
07/03/2005
£15006/03/3004
1-6GroundIndustrial--NEON HOMES
LLP
999 years from
07/03/2005
£15006/03/3004
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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    23.10.20
    File Size
    31 MB
    Login to View
  • 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
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Horsey Lightly Solicitors
Simon Barrett 01635 517149sbarrett@horseylightly.com

Useful Links

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