Existing Industrial Estate With Development Potential (Subject to Planning)
Summary
- Freehold subject to existing leases
- Of interest to occupiers, investors and developers
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m |
| Building - New Workshop | 8,585 | 797.57 |
| Building - Old Workshop | 10,335 | 960.15 |
| Building - Stores | 4,813 | 447.14 |
| Building - FG Stores | 3,041 | 282.52 |
| Building - Paintshop | 2,103 | 195.38 |
| Building - Shot Blast Shop | 920 | 85.47 |
| Building - Engineering Works | 6,001 | 557.51 |
| Building - Office | 1,031 | 95.78 |
| Building - Outbuilding | 76 | 7.06 |
| Total | 36,905 | 3,428.58 |
Location
The Bunce Ashbury Industrial Estate is situated in an elevated position on the edge of the picturesque village of Ashbury on the boundary of the North Wessex Downs. The Ridgeway runs just a few hundred meters to the south.
The village is accessed via the B4507 Idstone Road and is approximately 8 miles from the Commonhead Roundabout at Swindon which provides direct access onto the A419 dual carriageway and Junction 15 of the M4. The A419 also provides easy access to J11(a) of the M5 motorway to the north at Gloucester.
Ashbury retains a strong sense of community and with a primary school, church, pub and shop. The larger village of Shrivenham is 3.7 miles to the South.
Nearby Swindon provides all of the benefits of a major regional town including the renowned McArthur Glen Designer Outlet Village within the regenerated railway works. It’s also home to businesses including Nationwide, Intel and Amazon as well as the National Trust and English Heritage.
Swindon train station provides direct links to London Paddington in under 1 hour and Bristol Templemeads in 40 minutes.
Get directions from Google Maps
Mainline Stations
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Swindon (Wilts)136 mins
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Hungerford216 mins
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Bedwyn244 mins
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Kintbury258 mins
Underground Station
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Reading557 mins
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Twyford640 mins
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Maidenhead748 mins
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Taplow782 mins
Further Information
Description
The site comprises a number of industrial buildings constructed over the past 70 years all of which are currently in use. There is also a detached, two storey office building and dedicated parking areas.
To the rear of the site lies an area of largely undeveloped brownfield land which makes up approximately one third of the total site area.
On the southern and western boundaries the site is predominantly surrounded by open fields. To the north and east the site borders mainly residential properties.
Access is via an existing shared access road from Idstone Road.
Site Area
The site area extends to approximately 1.48 hectares (3.66 acres). The site density of the existing buildings is approximately just 23%.
Planning
The site has been in existing use for over 100 years and it is understood that it has an established consent for industrial use.
The local authority is Vale of the White Horse District Council and the site is just outside of the Ashbury village Conservation Area.
The current owners have taken informal planning advice and although not currently allocated for residential use, we understand that there is potential for redevelopment.
All interested parties should make their own enquiries.
Tenure
The property is being sold on a freehold basis and the registered Title number is ON145344.
The property is subject to two existing leases to Bunce (Ashbury) Limited and R&P Engineering LLP, both of which expire in August 2024 and produce rents of £97,521 and £30,537 per annum exclusive respectively. Neither lease has security of tenure and vacant possession can be obtained on expiry.
Method of sale
It is anticipated that the property will be of interest to occupiers, investors and developers and offers are invited on either an unconditional or subject to planning basis.
If unconditional, an overage provision relating to any future increase in value attributable to change of use will apply.
Further information including planning overview, EPC’s, asbestos management reports, Title, desktop environmental report and copies of the existing leases are available on application to the agents
Business Rates
The property is currently subject to three separate rating assessments for £95,000, £21,000 and £7,000.
Business rates are currently paid by the tenants.
Legal Costs
Each party is to be responsible for their own costs of sale.
EPC's
The existing buildings are covered by four existing energy performance certificates. All are within Band D.
Travel Distance and Times
London - Road 76 miles, Rail 50 minutes
Bristol - Road 49 miles, Rail 40 minutes
Heathrow - Road 62 miles, Rail 1.5 minutes
Reading - Road 33 miles, Rail 25 minutes
Birmingham - Road 97 miles, Rail 2 hours
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