Property Information
Address:
Unit H Quedgeley West Business Park, Gloucester, South West
, GL2 4PA
, South West
, United Kingdom
Price: Property no longer available.
Size: 130412 sq ft12115 sqm
Primary Category: Investment
All Categories:
Investment, Industrial,
Property Ref/Movehut: MH685679
Property Ref/Agent: 115311
*Please use the agent ref when calling the agent directly.
Property description
HIGH BAY WAREHOUSE OPPORTUNITY
The property is situated 0.8 miles from Junction 12 of the M5 via the A430 and approximately 5.5 miles south of Gloucester.
INVESTMENT SUMMARY
Modern high bay warehouse totalling 130,412 sq ft constructed in 2008
12m eaves height
7 dock level loading doors
7 level access doors
The property is held long leasehold for a term of 500 years from March 2008.
Approximately 484 years unexpired at a peppercorn rent.
The property will be let to EVCL Downton on a FRI lease at a passing rent of £914,844 pa (£7.00 psf) for a term of 10 years from completion of the sale.
Site area 6.46 acres (low site cover of 46%)
Offers in excess of £13,195,000 subject to contract and exclusive of VAT.
A purchase at this level reflects a Net Initial Yield of 6.50% and a low capital value of £101 psf assuming purchaser's costs of 6.72%
INVESTMENT SUMMARY
Modern high bay warehouse totalling 130,412 sq ft constructed in 2008
12m eaves height
7 dock level loading doors
7 level access doors
The property is held long leasehold for a term of 500 years from March 2008.
Approximately 484 years unexpired at a peppercorn rent.
The property will be let to EVCL Downton on a FRI lease at a passing rent of £914,844 pa (£7.00 psf) for a term of 10 years from completion of the sale.
Site area 6.46 acres (low site cover of 46%)
Offers in excess of £13,195,000 subject to contract and exclusive of VAT.
A purchase at this level reflects a Net Initial Yield of 6.50% and a low capital value of £101 psf assuming purchaser's costs of 6.72%
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