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For sale

Cinderford - Hawkwell Green Garage, Hawkwell Green

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Location: Forest of Dean

Size: 741.76 m2 (7984.30 ft2)

Property Type: Industrial/Warehouse

Sale Type: For sale

Price:£500000.00

Status: Available

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Description Location Accommodation Rates Planning Terms Costs

Description

The property is presently used for the repair of cars and commercial vehicles and comprises two semi-detached and one detached industrial unit (Units 1, 2 and 3) all of steel portal frame construction. The semi-detached units have part brick/part clad elevations whilst the detached unit is fully clad. All of the units have clad roofs incorporating translucent panels at regular intervals.

Unit 1 includes a workshop, reception office, waiting room and WC facilities on the ground floor with an office, kitchenette and store room on the first floor. The workshop has 2 vehicular doors, an eaves height of 4.41m, sodium lighting and is heated by an oil fired blow heater. There is a vehicular access linking Units 1 and 2. The offices have suspended ceilings with inset lighting, painted walls, carpet and they are heated by way of an oil fired central heating system.

Unit 2 is a split level workshop, with one bay having inspection pits and the other a rolling road. The unit has 2 vehicular doors, minimum eaves height of 3.62m, is lit by sodium lighting and heated by an oil fired blow heater. A works office is also included.

Unit 3 was previously used as a paint spray booth and an extraction system has been installed. There is a loading bay to the front and a low-level storage area to the rear. The unit has an eaves height of 4.38m, is lit by fluorescent strip lights and wall mounted spotlights.

The property is set within a secure site bounded by a combination of brick wall, chain link and barbed wire fences with a gated entrance. The entrance has an intercom system. There are generous areas for parking and loading/unloading.

The yard surface is a mixture of concrete and tarmac and the total area extends to approximately 0.277 hectares (0.684 acres).

The property has an EPC Rating of E(118).

Location: Forest of Dean
Size: 741.76 m2 (7984.30 ft2)
Property: Industrial/Warehouse
Type: For sale
Price: Â£500000.00
Status: Available

Address and Location

Address :
Hawkwell Green Garage
Hawkwell Green
Cinderford
GL14 3JJ

Location details:

The property is situated on a private road just off the A4136 to the west of the Forest Vale Industrial Estate and Cinderford town centre. Cinderford lies 14 miles from Gloucester, 7 miles from Ross on Wye, 5 miles from Coleford and 10 miles from Lydney and is well recognised within the Forest of Dean as an established industrial area.

Accommodation

Approximate gross internal areas

Unit 1
Ground floor	216.43 sq m	2,330 sq ft
First floor	65.01 sq m	700 sq ft
Total	281.44 sq m	3,030 sq ft
Unit 2
Ground floor	279 sq m	3,011 sq ft
Unit 3
Ground floor	180.55 sq m	1,944 sq ft
TOTAL	741.76 SQ M	7,984 SQ FT

Rates

A search on the Valuation Office Agency website has revealed the following entry:

Rateable Value:	£23,750
Rate in £ 2022/2023:	0.499

Planning

The property has been used as a vehicular workshop which falls within Class B2 Use Classes Order 1987. It may suit alternative uses such as light industrial or storage (Classes B1 and B8).

Terms

The property is offered freehold subject to the occupational tenancy in place to Caldicot Fleet Maintenance Recovery Ltd at a price of £500,000. A purchase at this level would represent a gross yield of 7.80% or net yield of approximately 7.37% after purchaser's costs.

VAT

The property is elected for VAT.

Legal Costs

Each party to bear their own legal costs incurred in the transaction.

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ASH Chartered Surveyors for themselves and for the vendors or lessors of this property for whom they act, give notice that:

1 these particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract;

2 ASH Chartered Surveyors cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy;

3 no employee of ASH Chartered Surveyors has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property;

4 rents quoted in these particulars may be subject to VAT in addition; (v) ASH Chartered Surveyors will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars; and

5 the reference to any plant, machinery, equipment, services, fixtures or fittings at the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function. Prospective purchasers/tenants should satisfy themselves as to the fitness of such items for their requirements.â€

Code of Practice for Commercial Leases in England and Wales

You should be aware that the Code of practice on commercial leases in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licenced conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions and trade associations.