Bell Lane Yard, Poulton, Cirencester, Gloucestershire GL7 5JF

  • Guide Price £290,000
Bell Lane Yard, Poulton, Cirencester, Gloucestershire GL7 5JF
Under Offer
Bell Lane Yard, Poulton, Cirencester, Gloucestershire GL7 5JF
  • Guide Price £290,000

Description

Freehold for sale by private treaty (Businesses unaffected).  Located in the vibrant Cotswold village of Poulton, the property comprises eight industrial units with ample dedicated parking within the estate.  Currently producing an annual rent of £19,992.00 but capable of reaching £24,492.00pa when fully tenanted.  3-Phase electrics and mains water are connected to the site, with wastewater being dealt with via a septic tank.

 

Location
With excellent transport links to the A419 and national motorway network Poulton is located on the A417 Lechlade road approximately 8 miles north of Swindon and 5 miles east of Cirencester. Travelling from Cirencester proceed through the village and take the left-hand turn on the bend signposted Bibury / Quenington B4425, Bell Lane Yard will be found approximately 200 yards on the left after the black barns.

Poulton is a vibrant village set in the heart of The Cotswolds, an Area of Outstanding Natural Beauty. Renowned for its beautiful 19th Century Church it is home to the popular gastro pub The Falcon, Priory Court office park & Gilbertine Kitchen.

Description
The property comprises a total of 8 industrial units. Units 3, 4, 5 & 6 are let to Trevor Carr mechanics and Unit 9 to Dudman Electrical Services. Units 1 & 2 and Unit 8 are vacant. Ample dedicated parking is provided for all units within The Estate.

Currently producing an annual rent of £19,992.00 but with potential to increase this to £24,492.00 p/a when fully tenanted.

Accommodation
Units 1 & 2
Office: 15’4” x 14’3” (with WC)
Storeroom: 17’2” x 9′

Unit 3
Storeroom: 19’9” x 9′

Units 4 & 5
Workshop 1: 29’3” x 19’8”
Workshop 2: 28’3” x 19’1”
Office & WC

Unit 6
Workshop / MOT Bay: 46’6” x 19′
1st Floor Storeroom: 15’10” x 8’4”

Unit 8
Lock-up Store: 24’8” x 11’4”

Unit 9
Office: 21’5” x 8’9” (with kitchenette)
Workshop: 18’3” x 18′
Storeroom: 20′ x 8′
WC:

Total G.I.F.A. approx. 3,702 sq.ft. (343.9 sq.m.)

Existing Lease Terms
Units 1 & 2 – Vacant

Unit 3
Tenant: Trevor Carr
Term: n/a
Rent: £92.00 p.a.x.
Deposit: None

Units 4, 5 & 6
Tenant: Trevor Raymond Carr
Term: 21 years from 1st January 2008.
Rent: Units 4 & 5 – £7,400.00 p.a.x.
Unit 6 – £6,800.00 p.a.x.
Deposit: None
Repairs: Internal repairing.
Rent Reviews: Every 3 years.

Unit 8- Currently occupied by Vendor.

Unit 9
Tenant: Dudman Electrical Services Ltd
Term: 15 years, outside LTA 1954.
Rent: £5,700.00 p.a.x.
Deposit: 3 months rent.
Repairs: Internal repairing.
Rent Reviews: Every 3 years.
Break Option: LL & T at 7 years.

Services
3 phase electrics and mains water are connected to the site. Waste water is dealt with via a private septic tank located at the rear of the site.

Business Rates
Rateable Values as follows:
Units 1 & 2 – £2,225.00
Unit 3 – £710.00
Units 4-6 – £12,250.00
Unit 8 – £1,425.00
Unit 9 – £4,800.00

Energy Performance Certificates
Units 1 & 2 – C, Units 4 & 5 – D,
Units 3, 6 & 8 – Exempt,
Unit 9 – F (with MEES Exemption).

VAT
VAT is not payable.

Local Authority
Cotswold District Council, Trinity Road, Cirencester. Tel: 01285 623000.

Property Documents

Property Brochure
Property EPC
Property EPC 2

Floor Plans

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