Unit H Quedgeley West Business Park, Gloucester, GL2 4PA

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%

Key Features

- 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 sal

- 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 ca


( Agency Pilot Software ref: 115311 )