COVID-19 – Important Auction Information
For Sale By Auction | 12:00, 15 September 2020 | Lot 60

Turtle House, Kemble Airfield, Kemble, Cirencester, Gloucestershire, GL7 6BA

Sold £195,000

  • Office
  • Tenure: Freehold

Call the team on 020 7625 9007 for more information

Auction Date

Tue 15/09/2020

Auction Time

12:00

Auction Venue

Live Stream Only

A Substantial Office Investment Producing £20,000 per annum.

The property is situated on an airfield and comprises a substantial detached, semi-cylindrical single storey (plus mezzanine) measuring 239.5 sq m (2,579 sq ft). Formerly a commercial storage building, the property has been reconfigured to provide office premises.

Tenure

Freehold

Location

Kemble Airfield is a well established, mixed-use business park and active commercial airfield. Junctions 15, 16 and 17 of the M4 are approximately 15 miles to the south and Junction 11A of the M5 via the A4176/A419 being approximately 22 miles to the north. Kemble Railway Station which provides direct access to London Paddington, Bristol and Cheltenham is located approximately 2 miles away.

Accommodation

Ground Floor - 174.7 sq m (1,881 sq ft) Open Plan Office Space Further Partitioned Office Space Storage Kitchen/Staff Area WC's Mezzanine Level - 64.8 sq m (698 sq ft) Two Partitioned Offices

Exterior

The property benefits from ample parking to the front and an enclosed rear garden.

Tenancy

The property is let to The Turtle Mat Company Ltd on an FRI lease that has just been extended for a new term of 3 years commencing 1st August 2020 at a rent of £20,000 per annum. The tenants have been in occupation since 2005 and have stated their desire to stay long term.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,200 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.