Units 1 and 6 Upper Mills Trading Estate, Stonehouse, GL10 2BJ.

Upper Mills Industrial Estate is located on the eastern side of Stonehouse just south of the A419 Bristol Road (via a bridge) positioned between the River Frome and Stroudwater Canal. The estate is also accessed from the west via Downton Road. The estate comprises a traditional former 19th Century Mill complex now divided into separate individual industrial and office units occupied by a mix of local and regional company occupiers. It is located just off the A419 Stroud to M5 motorway link; Junction 13 is 3 miles to the west and Stroud is 3 miles to the east. The M5 offers excellent access to Bristol and Gloucester and further afield. 

• 1 & 6 Upper Mills Estate pdf, 0.82 Mb

The Rateable Values listed on the Valuation Office Agency website are:

(Approximate gross internal areas)

Offices.

Terms

We are instructed to seek offers at £700,000 (Seven Hundred Thousand Pounds), which reflects a net initial yield of 8.16% after purchasers' costs at 5%, gross yield of 8.57% and capital value equating to approximately £170 per sq ft.

VAT

The property is elected for VAT purposes; however, it is proposed the sale is treated as a Transfer of a Going Concern.

Service Charges

The tenant contributes to the Estate Service Charge.

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.