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      • Gloucester - Belgrave House, Whittle Way, Brockworth

Available

For sale

Gloucester - Belgrave House, Whittle Way, Brockworth

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  • Location: Gloucester
  • Size: 1097.00 m2 (11808.11 ft2)
  • Property Type: Investment
  • Sale Type: For sale
  • Price:£2250000.00
  • Status: Available
  • Simon McKeag

    07737 691453

  • Harry Pontifex

    01242 237274

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Description Location Accommodation Rates Planning Terms Costs

Description

  • Excellent location close to a range of amenities including a Tesco supermarket, a David Lloyd health and fitness centre, Premier Inn and Brewers Fayre family pub/restaurant.
  • The portfolio being offered includes 16 flats within the Block of 25.
  • The apartments are fully let on Assured Shorthold Tenancies generating an annual rent of £142,296 per annum.
  • A purchase at the quoting price of £2.25m reflects a gross initial yield of 6.32% and capital value equating to approximately £190 per sq ft.

Belgrave House is a modern development with commercial units on the ground floor and residential above.

The property is over 4 storeys and is of steel frame construction with a combination of brick, timber clad and rendered elevations under flat roofs.

The apartments have been finished to a high standard throughout and the accommodation includes open plan kitchen/dining/living areas, fully fitted kitchens with a range of appliances, modern bathrooms, balcony and the 2-bedroom flats benefit from en-suite shower rooms.

Each flat has an allocated parking space, and a number of visitor's spaces are provided.


Joint Agent

Richard Tuck
01452 726443
rtuck@michaeltuck.co.uk

  • Location: Gloucester
  • Size: 1097.00 m2 (11808.11 ft2)
  • Property: Investment
  • Type: For sale
  • Price: £2250000.00
  • Status: Available

Address and Location

Address :
Belgrave House
Whittle Way
Brockworth
GL3 4BJ


Location details:

Gloucester is the commercial and administrative centre of the county and supports a resident population of approximately 121,700 (Census 2011). Gloucester has a strong and established industrial base together with, in recent years, a significant expansion of the office centre through the developments on the business parks close to the motorway junctions. Gloucester is approximately 9 miles (14.5 km) west of Cheltenham, 35 miles (56.3 km) north of Bristol, 55 miles (88.5 km) south of Birmingham and 100 miles (161 km) west of London. Access to the motorway network is available at Junction 11, 11a and 12 of the M5 motorway and Junction 15 of the M4 at Swindon. The M4 is accessed via the A417/A419 trunk road. Gloucester Business Park extends to approximately 276 acres offering a mix of high-quality office accommodation, retail and leisure facilities including a Tesco supermarket, a David Lloyd health and fitness centre, Premier Inn and Brewers Fayre family pub/restaurant.

Accommodation

A summary of the accommodation is set out in the Tenancy Schedule.

Rates

The one-bedroom flats are listed within Band A for Council Tax purposes and the two-bedroom flats, Band B.

Planning

Consent was granted for the development in 2008 (Planning Ref. No: 08/01461/FUL).

Terms

We have been instructed to invite offersfor the property which is held by way of a 150-year lease from 19th August 2011, at a price of £2,250,000, subject to the occupational tenancies in place. A purchase at this level equates to a gross initial yield of 6.32% and capital value of approximately £190 per sq ft.

VAT

The property is not elected for VAT.

Service Charges

A service charge is levied to cover the costs associated with the upkeep and maintenance of the communal areas of the Business Park. Further details are available from the agents upon request.

Legal Costs

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

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Downloads
  • Belgrave House - Tenancy Schedule.pdf Download Document
  • Belgrave House.pdf Download Document

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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.”

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.


Created: 27/01/2021 10:26:56
Modified: 22/02/2021 16:20:55
Label: Gloucester - Belgrave House, Whittle Way, Brockworth ShowOnSite: True TenureDetails: Summary: Fully let residential portfolio in an excellent location with nearby amenities including a Tesco supermarket, a David Lloyd health and fitness centre, Premier Inn and Brewers Fayre family pub/restaurant. NavigateUrl: ~/Properties/Gloucester_-_Belgrave_House,_Whittle_Way,_Brockworth.aspx

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ASH Chartered Surveyors is the trading name of ASH & Co. CS LLP,
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