Property photos
£1,950,000
(£62.06/sq. ft)
Industrial for sale
Netherton Road, Ross On Wye HR931,420 sq. ft
Local area information
Property location
Nearby amenities
- John Kyrle High School and Sixth Form Centre Academy 0.2 miles
- Brampton Abbotts CofE Primary School 0.4 miles
- Sharpness Old Docks 14.6 miles
- Lydney Harbour 15.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Ross-On-Wye to find out more about the local area.
Features and description
Two industrial units that broadly comprise:
Main Production Facility and Offices
Purpose built detached industrial/production unit with attached two storey offices. The main production unit is of steel frame construction with a mixture of facing brickwork and profiled and insulated sheet cladding to the elevations under a pitched, profiled and insulated roof.
Features include:
• Eaves heights of 5m & 6.5m
• 2Nr insulated up and over loading doors.
• Attached two storey offices incorporating a mix of open plan and cellular work spaces.
• Staff welfare and WC facilities
• Car parking and vehicular circulation areas
• The property has a floor area of approx. 24,165 sq ft (2,244.97 sq m) measured on a Gross Internal Area basis (gia)
Unit 3
A modern detached industrial/storage unit of portal steel frame construction with a mixture of facing brickwork and profiled insulated cladding to the elevations under a pitched, profiled and insulated roof.
Features include :
• Eaves height of approximately 6.3 m
• Vehicular access is via a roller shutter loading door.
• 2 storey office incorporating WC facilities.
• Car parking and vehicular circulation areas. • The property has a floor area of approx. 7,255 sq ft (673.95 sq m) measured on a Gross Internal Area (gia) basis.
Netherton Road leads directly off Overross roundabout at the junction of the A449 and A40 and close to the M50, approximately 1 mile to the North of Ross On Wye Town Centre.
Location:
The area is a well-established commercial location with a range of both local and national occupiers. The area benefits from excellent road links to both the Midlands via the M50 and M5 motorways and South Wales via the A40 and M4.
Main Production Facility
• A Full Repairing and Insuring lease (subject to a schedule of condition) for a term of 10 years commencing on 1st September 2022 and ending on 31st August 2032.
• A tenants option to break on the 31st August 2027
• A rent review on 1st September 2027
• Passing rental of £128,500 per annum exclusive.
Unit 3
• A Full Repairing and Insuring lease (subject to a schedule of condition) for a term of 10 years commencing on 1st September 2022 and ending on 31st August 2032.
• A tenants option to break on the 31st August 2027
• A rent review on 1st September 2027
• Passing rental of £36,000 per annum exclusive.
The Tenant
Edmo Limited were incorporated in 1978 and are specialists in metal fabrication and aluminium extrusions across a range of industries. Their year-end 2022 accounts demonstrate a turnover of £17,267,000 with a pre-tax profit of £804,000.
Tenure:
The vendors own the Freehold interest in the main production facility and a leasehold interest in Unit 3. The leasehold interest commenced on 27th April 2007 and is for a term of 60 years and ending on 26th April 2067. The ground rent is currently £10,000 per annum exclusive. The properties are let by way of occupational leases to Edmo Limited on the following main terms.
Services
We understand all mains services are connected to the site.
Quoting price
£1,950,000 for the Freehold interest in the main production facility and the remainder of the leasehold interest in unit 3, subject to the occupational leases to Edmo
Rates
The properties currently form part of a rating assessment with other properties.
Legal costs
Each party to be responsible for their own legal fees incurred in the transaction.
Main Production Facility and Offices
Purpose built detached industrial/production unit with attached two storey offices. The main production unit is of steel frame construction with a mixture of facing brickwork and profiled and insulated sheet cladding to the elevations under a pitched, profiled and insulated roof.
Features include:
• Eaves heights of 5m & 6.5m
• 2Nr insulated up and over loading doors.
• Attached two storey offices incorporating a mix of open plan and cellular work spaces.
• Staff welfare and WC facilities
• Car parking and vehicular circulation areas
• The property has a floor area of approx. 24,165 sq ft (2,244.97 sq m) measured on a Gross Internal Area basis (gia)
Unit 3
A modern detached industrial/storage unit of portal steel frame construction with a mixture of facing brickwork and profiled insulated cladding to the elevations under a pitched, profiled and insulated roof.
Features include :
• Eaves height of approximately 6.3 m
• Vehicular access is via a roller shutter loading door.
• 2 storey office incorporating WC facilities.
• Car parking and vehicular circulation areas. • The property has a floor area of approx. 7,255 sq ft (673.95 sq m) measured on a Gross Internal Area (gia) basis.
Netherton Road leads directly off Overross roundabout at the junction of the A449 and A40 and close to the M50, approximately 1 mile to the North of Ross On Wye Town Centre.
Location:
The area is a well-established commercial location with a range of both local and national occupiers. The area benefits from excellent road links to both the Midlands via the M50 and M5 motorways and South Wales via the A40 and M4.
Main Production Facility
• A Full Repairing and Insuring lease (subject to a schedule of condition) for a term of 10 years commencing on 1st September 2022 and ending on 31st August 2032.
• A tenants option to break on the 31st August 2027
• A rent review on 1st September 2027
• Passing rental of £128,500 per annum exclusive.
Unit 3
• A Full Repairing and Insuring lease (subject to a schedule of condition) for a term of 10 years commencing on 1st September 2022 and ending on 31st August 2032.
• A tenants option to break on the 31st August 2027
• A rent review on 1st September 2027
• Passing rental of £36,000 per annum exclusive.
The Tenant
Edmo Limited were incorporated in 1978 and are specialists in metal fabrication and aluminium extrusions across a range of industries. Their year-end 2022 accounts demonstrate a turnover of £17,267,000 with a pre-tax profit of £804,000.
Tenure:
The vendors own the Freehold interest in the main production facility and a leasehold interest in Unit 3. The leasehold interest commenced on 27th April 2007 and is for a term of 60 years and ending on 26th April 2067. The ground rent is currently £10,000 per annum exclusive. The properties are let by way of occupational leases to Edmo Limited on the following main terms.
Services
We understand all mains services are connected to the site.
Quoting price
£1,950,000 for the Freehold interest in the main production facility and the remainder of the leasehold interest in unit 3, subject to the occupational leases to Edmo
Rates
The properties currently form part of a rating assessment with other properties.
Legal costs
Each party to be responsible for their own legal fees incurred in the transaction.
More information
Listed by
Kurt Wyman Surveyors & Property Agents
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