Property Description

THE PROPERTY
Split into three units, this detached freehold industrial building is available as a going concern or vacant possession can be sought as the three leases expire in 2025 and are outside the Landlord and Tenant Act
The 2021 rent reviews were not enacted
Total current rent £42,000 per annum and market rent estimated at £75,000 per annum a 6% gross yield
Potential to extend the building subject to consent
Built in 2007 of a steel portal frame and concrete block fair faced blockwork division walls
Insulated external cladding and roofing with roof lights
Power floated concrete floors
Electric roller shutter doors with 5.5m headroom and adjoining personnel door
Fire alarms fitted to each unit

UNIT 12
Vacant since 31st January 2025
Market Rent in region of £25,000 per annum
Rateable Value - £19,750 and EPC Band C
5 parking spaces

UNIT 13
One year lease to January 2026, with a mutual two month break clause
Current passing Rent (per annum) £20,000
Full Repairing and Insuring Lease
The lease is excluded from the renewal provisions (sections 24 to 28) of the Landlord and Tenant Act
Rateable Value - £21,250 and EPC Band C
5 parking spaces

UNIT 14
Lease expiring on 1st June 2025
Current passing Rent (per annum) £22,000
Full Repairing and Insuring Lease
The lease is excluded from the renewal provisions (sections 24 to 28) of the Landlord and Tenant Act
Rateable Value - £24,000 and EPC Band D
5 parking spaces

SERVICES
Mains water, electricity (three phase), gas and drainage are connected to each unit

COTSWOLD BUSINESS VILLAGE
Cotswold Business Village is viewed as the premier commercial development in the North Cotswolds
Situated to the east of Moreton-in-Marsh on the A44 Oxford Road about half a mile from the town centre
Comprises a mix of office and light industrial businesses, including Travis Perkins, Kinghams Auctioneers, Cotswolds Casements, Porche Club UK, Cotswold Seeds, Calarel Joinery, amongst others
There is a main line station to London Paddington in Moreton-in-Marsh
What3words: employers.lift.technical

TENURE & POSSESSION
Freehold investment opportunity or potential for vacant possession in 2025