Unit J, Bourton Industrial Estate, Bourton on The Water, Gloucestershire, GL54 2HQ

Freehold modern warehouse/showroom investment in a sought after location.

Property details

Type Industrial, Investment
Tenure Freehold, subject to the exisitng tenancy.
Price Offers over £1,600,000
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Features
  • Modern warehouse building - GIA 14,715 sq ft (1,367.02 sq m)
  • Site area approximately 1.24 acres
  • Let to Parlane Living Ltd on a renewed 10 year lease
  • Passing rent - £93,417 pax with a fixed uplift to £103,417 pax
  • Tenant in occupation for over 20 years
  • Freehold
Location
The premises is situated within Bourton Industrial Park occupying a highly viible corner plot withtin 0.25 miles of the A429 Fosseway trunk road and approximately 0.75 of a mile from the centre of Bourton on the Water.
Description

A quality modern detached building providing showroom, office and warehouse accommodation of steel frame construction with re-constituted Cotswold stone external elevations incorporating feature glazing to the front, parts of the side and rear elevations. The accommodation is arranged to provide an open plan showroom to the front with inset glazed entrance. The showroom is fitted with a tiled floor, timber panel finishes to the elevations and a mixture of spot and pendant lighting. An open tread staircase provides access to a galleried first floor office area. This office area is predominantly open plan, although a number of partitioned rooms have been provided. An amenity area is located to the rear of the showroom providing a sores area, boiler room, four sets of W/C's, two of which incorporate shower units.

Accommodation
Industrial/warehouse area - 9,912 sq ft
Amenity area including W/C's, stores and boiler room - 1,047 sq ft
Ground floor showroom - 2.229 sq ft
First floor offices - 1,527 sq ft
Total 14,715 sq ft
Price
Offers in excess of £1,600,000 are sought for the freehold interest. A purchase at this level reflects a net initial yield of 5.5%, reverting to 6.09% in 2026.
Tenancy
The property is let in its entirety to Parlane Living Ltd on a renewed 10 year lease from 27/10/2021 at a passing rent of £93,417 pax. There is a fixed uplift to £103,417 from 11/11/2026 and an option to determine on 11/112026.

Tenant profile - Parlane Living Ltd (company number 12639655) have been established for over 50 years specialising in homeware and gifts to the trade, and are a part of The Light and Living Group.
VAT
VAT may or may not be applicable, purchasers should satisfy themselves in this regard.
EPC
Available upon request.
Legal Costs
Each party are to responsible for their own legal costs that may be incurred in this transaction.
Anti Money Laundering
In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.