Unit G3 Northway Tarding Estate Northway Tewkesbury Gloucestershire GL20 8JH

Unit G3 Northway Tarding Estate
Northway
Tewkesbury
Gloucestershire
GL20 8JH

Freehold Light Industrial Investment

  • Entirely let to Lockwell Electrical Distributors Ltd
  • Situated within the established Northway 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
    41
  • Auction
    11th July 2013
  • Rent
    £8,100 per Annum Exclusive
  • Status
    Sold
  • Price
    £107,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
Important Update
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* More information on the term "guide" can be found here

Freehold Light Industrial Investment

  • Entirely let to Lockwell Electrical Distributors Ltd
  • Situated within the established Northway 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 41
  • Auction 11th July 2013
  • Rent
  • Status Sold
  • Price £107,000
  • 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 of Gloucester
Roads
M5 (Junction 9), A46, A438
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 of Gloucester
Roads
M5 (Junction 9), A46, A438
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.

Description

The property comprises a ground floor light industrial unit of approximately 134.34 sq m (1,446 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 134.34 sq m (1,446 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
134.34 sq m
(1,446 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
£8,100
24/06/2016
Totals  
134.34 sq m
(1,446 sq ft)
    £8,100

(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)

Property Documents

  • Site Plan
    Updated Date
    19.06.13
    File Size
    52 KB
    View PDF
  • Catalogue Page
    Updated Date
    19.06.13
    File Size
    641 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
Reed Smith LLP The Broadgate Tower, 20 Primrose Street
London
EC2A 2RS
020 3116 3999
Danielle Smith 0203 116 3459dlmartin@reedsmith.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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