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Hanley Court

Hanley Court

Brockeridge Park, Twyning, Tewkesbury
Property Detail Area

ABOUT THIS PROPERTY

Brockeridge Park is a highly successful business park located just outside the village of Twyning near Tewksbury. Junction 1 of the M50 is immediately adjacent to the park providing direct access to the M5 via Junction 8 one mile away and west towards Wales via the M50.Brockeridge Park offers a rare combination of high quality office space, first rate surroundings and a location which is at the heart of the motorway network. The starting point for the development was a Grade II listed barn now the centre piece for 16 individually styled units designed around 4 distinct courtyards. Build quality and attention to detail were the priority when the site was delivered by the prestige house builder who delivered the development. Hanley Court comprises 4 units within a horseshoe arrangement over ground and first floor. The building is of traditional brick and block construction with fully insulated wall cavities and roof spaces. Roofs are in natural clay tiles. Each unit benefits from a dedicated lobby, kitchen and WC facilities. We are instructed to seek offers in excess of £715,000 for the long leasehold (999 years) interest in Hanley Court (as shown edged red on the plan below) exclusive of VAT and subject to contract. An acquisition at this level reflects a net initial yield of 7.03% assuming standard purchaser’s costs of 5.8% and an attractive capital value of £183 per sq ft. The Landlord will continue to maintain the buildings and common areas with maintenance being dealt with by way of the Service Charge.(each unit over ground and first floor) Hanley 1 - 666 sq ft (62sq m) Hanley 2 - 1,146 sq ft (106sq m) Hanley 3 - 938 sq ft (87sq m) Hanley 4 - 1,257sq ft (117sq m) TOTAL - 4,007sq ft (372sq m)Guide price £715,000

Price on Application (POA)

An abbreviation for "Price on Application" which indicates that price is not quoted publicly and will be revealed to qualified occupiers.
POA i