Units 1-7 Eriksons Business Centre (Former Shuthonger Service Station), Shuthonger, Tewkesbury, GL20 6EH

Tewkesbury is an historic town at the confluences of the Rivers Severn and Avon with a resident population of 94,900 (2021 Census) approximately 2½ miles west of Junction 9 of the M5 motorway. The M5 links to the M50 at Junction 8 (South Wales) 2½ miles to the north.

The property is located within a rural location fronting the A38 at its junction with Church End Lane approximately 3 mile north from the centre of Tewkesbury and 1 mile south of Junction 1 of the M50.

• Units 1 7 Eriksons Business Centre pdf, 0.94 Mb

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

Prospective occupiers should make their own enquiries of the local authority to establish any transitional relief that may be available.

(Approximate net internal area)

The total area of the property extends to approximately 0.263 hectares (0.649 acres).

The site has been used as a car showroom, workshop and car wash which fall within Classes E (previously B1), B2 and B8 of the Use Classes Order.

Terms

Offers in the region of £675,000 are invited for the freehold interest in the property, subject to the occupational tenancies in place. A purchase at this level would equate to a gross yield equating to 9.48% or net yield of 9.03% (after purchaser’s costs of 4.94%).

VAT

The property is not elected for VAT.

Legal Costs

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

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.