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Stroud - Unit 2 (Units 1a, 1b, 1c) Libbys Drive, Slad, GL5 1RN

Industrial/Warehouse Stroud Valleys For sale or To Let 1450.95 m2 (15618ft2)

Rare opportunity to purchase an industrial/warehouse unit with a generous parking allocation. Potential for subdivision and a variety of uses.

The property comprises a detached industrial building of steel frame construction with blockwork walls and cement asbestos sheet, double pitched roof over. The eaves height is approximately 3.9m and loading doors provide access from the front and rear.
 
It has been subdivided to provide industrial/storage space to full height with concrete floors, admin offices and sales areas with suspended ceilings, fluorescent lighting with carpet tiles, canteen and kitchen area, separate shower rooms and WCs facilities.
 
The property is heated by a combination of a gas heater and separate individual heating units in the ceiling serving the localised areas.
 
A mezzanine floor has been erected in part to provide an additional storage area.
 
The site is essentially level and narrower at the front and widening to the rear.  It is bounded on the southern side by Slad Brook, whilst the northern boundary, adjacent to Libby’s Drive, is fenced with metal palisade style fencing.  The remainder of the boundaries are made up of vegetation and part wooden palisade fencing to the residential.
 
There are approximately 18 car spaces to the front of the unit and part of the area must be kept clear for the vehicular right of way to the residential units at the rear of the site.

The property has an EPC Rating of E-106.

Address and Location

Address :

Unit 2 Libbys Drive
Slad
Stroud
Stroud Valleys
GL5 1RN

The property is located at the end of Libby’s Drive, which is accessed from Slad Road, B4070, approximately ½ a mile northeast of the centre of Stroud and close to the junction with the A46. Libby’s Drive is an unadopted road and narrow with sufficient width for one vehicle in most places and slopes down to the subject site. There are several other industrial units located off Libby’s Drive, although the surrounding area is predominantly residential.

 

Rates

The Rateable Values appearing on the Valuation Office Agency website are as follows:

  Current From April 2023
Unit 1A £10,250 £15,250
Unit 1B/1C £43,250 £54,000

Prospective occupiers should check with the Local Authority to establish any transitional relief that may be applicable.

Accommodation

Approximate gross internal floor areas
 
Unit 1A (part), 1B and 1C 1,187.22 sq m 12,779 sq ft
1A   263.73 sq m   2,839 sq ft
Total 1,450.95 sq m 15,618 sq ft

The site area extends to approximately 0.409 hectares (1.01 acres).

Planning

The property has been used for manufacturing, offices and storage which fall within Classes E (previously Class B1) and B8 of the Use Classes Order 1987.

Terms

Terms

The property is offered freehold with vacant possession.

VAT

The properties are not elected for VAT purposes.

Costs

Legal Costs

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

Property Disclaimer

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.

Money Laundering Regulations

As part of our obligations under the UK Money Laundering Regulations 2017, ASH will require any tenant/purchaser to provide proof of identity along with any other required documentation to satisfy anti-money laundering regulations.

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Industrial/Warehouse Stroud Valleys For sale or To Let 1450.95 m2 (15618ft2) Price: £775,000

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