* Freehold
**Key Points**
* Situated off Tewkesbury Road, an established industrial, retail warehousing and car showroom location.
* Terrace of 2 industrial units with a total gia area of 5, 454 sq ft.
* Situated on 0. 242 acre site.
* Freehold.
* Multi let to 2 local tenants providing a WAULT of 2 years.
* Total passing rent of £44, 550 per annum, reflecting a low passing rent of £8. 17 per sq ft.
* Offers are sought in excess of £605, 000 (six hundred and five thousand pounds only), subject to contract and exclusive of VAT.
* A purchase at this level represents an attractive net initial yield of 7. 01% and a capital value of £110 per sq ft.
**Description**
The property comprises a terrace of two 1980 s built, semi detached industrial
units of steel portal frame construction that are brick faced with profile
clad elevations arranged under a pitched roof
Both units have suspended lighting, solid concrete floors and have a single
loading door. Unit 6b benefits from office provision, arranged over two
floors.
Externally, each unit benefits from a tarmacked loading area with space for
approximately 6 parking spaces, accessed via a shared entrance.
**Viewings**
Strictly by appointment, only.
**Location**
Cheltenham is a historic, attractive spa town in Gloucestershire, located on
the edge of The Cotswolds. The town population currently stands at 118, 800, a
2. 7% increase on the 2011 level. Cheltenham is famous for its Regency
architecture, racecourse and the Cheltenham festival. Cheltenham has one
university, the University of Gloucestershire, where two campuses are situated
in Cheltenham, made up of approximately 8 500 students.
The Town has a strong local economy made up of small to medium sized
enterprises. Major employers within Cheltenham includes Spirax Sarco Superdry,
Steinhoff, ge Aviation Systems and Masstock Arable.
**Terms**
Freehold
**Situation**
The property is located at the end of Colletts Drive, immediately accessed off
Tewkesbury Road (A4019). Tewkesbury Road lies approximately 2 miles west of
Cheltenham Town Centre and is on the main arterial route to the town centre,
linking with junction 10 of the M5 Motorway.
Tewkesbury Road is a major commercial location, home to food retailers, retail
parks, motor showrooms and industrial accommodation including Kingsditch
Trading Estate
**EPC**
Available upon request.
**VAT**
We understand the building is elected for VAT, and accordingly, it is
anticipated that the sale will be dealt with as a Transfer of a Going Concern
(togc).
**Legal Costs**
Each party to be responsible for their own legal costs incurred in the
transaction.
**Anti Money Laundering**
In accordance with the current Anti Money Laundering (aml) Regulations, the
purchaser will be required to provide and satisfy th e Vendor and their agents
on the source of the funds used to acquire the property in advance of an
exchange.

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