For sale

Unit 2 Upper Mills Industrial Estate, Stonehouse, GL10 2BJ.

Investment Stroud Valleys For sale 55.86 m² (601ft²)

Unit 2 was constructed around 20 years ago and has brick elevations under a pitched tiled roof. The
accommodation comprises an office, kitchen, store and disabled WC on the ground floor with 2 offices at first floor level.

SPECIFICATION

The property has been finished to a good specification to include the following:-

Painted plastered ceilings and walls.
Electric storage heaters.
Carpeted throughout aside from tiles in the entrance hall.
It is lit by a combination of Category 2, strip and spot lighting.
Security and fire alarms have been installed.
UPVC windows with grills on the interior at ground floor level.
Air conditioning in one office on first floor.
2 allocated parking spaces.

TENANCY

The property is let to Moody Direct Ltd for a period of 5 years to expire 1st September 2028 at a rent of £11,400 per annum. The lease is on a full repairing and insuring basis and is excluded from the Security of Tenure provisions of the Landlord and Tenant Act 1954, Part II.

TENANT

Originally part of the Moody Group, which was founded in 1975, Moody Direct was formed in 1996. Based in Retford, Nottinghamshire, they are leading suppliers of process and packaging solutions to the dairy, food, beverage, brewery, ice cream, chemical and pharmaceutical industries with a large customer base in the UK, Ireland and around the world.

The company has a score of 54 with Creditsafe which is deemed low risk.

The Key Financials for the last 3 years are:

	31/03/24	31/03/23	31/03/22
Turnover	£21,649,706	£20,538,442	£17,330,154
Pre-Tax Profit	£1,349,750	£1,406,306	£1,156,671
Net Worth	£2,351,818	£2,163,508	£1,857,010

Energy Performance Certificate - The property has a Rating of B-38.

Address and Location

Address :

Unit 2
Upper Mills Industrial Estate
Stonehouse
Stroud Valleys
GL10 2BJ

The property is located on the Upper Mills Trading Estate, just off the A419 Trunk road leading to Junction 13 of the M5 Motorway (approx. 3 miles). Upper Mills Estate is a popular location for businesses and industry and offers a very pleasant working environment enjoying all the benefits of the amenities of the Stroud Valleys, with the advantage of an excellent Motorway access via the M5.

Downloads

Unit 2 Upper Mills Industrial Estate pdf, 0.86 Mb

Rates

The Rateable Value listed on the Valuation Office Agency website is £3,350.

Accommodation

The total net internal area extends to approximately 55.86 m2 (601 ft2).

Planning

Offices and Storage.

Terms

We are instructed to invite offers in the region of £160,000 for the freehold interest, subject to the occupational tenancy in place. A purchase at this level reflects a gross yield of 7.1% and net yield of 7% after purchaser’s costs.

VAT

VAT will be applicable on the sale price.

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:

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;
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;
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;
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
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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Investment Stroud Valleys For sale 55.86 m² (601ft²)

Key contacts

Simon McKeag BSc (Hons) MRICS simon@ashproperty.co.uk 07737 691453

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