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Agent's details

Units 6a & 6b Colletts Drive

For sale: £605,000.00|5,454 Sq Ft|General Industrial, Other, Industrial, Other Property Types & Opportunities

Property details

FOR SALE£605,000.00
SIZE5,454 Sq Ft
ADDRESSUnits 6a & 6b Colletts Drive, Cheltenham, GL51 8JQ
TYPEGeneral Industrial, Other, Industrial, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON29th March 2023


Key Points

  • Situated off Tewkesbury Road, an established industrial, retail warehousing and car showroom location.
  • Terrace of 2 industrial units with a total GIA area of 5,454 sq ft.
  • Situated on 0.242 acre site.
  • Freehold.
  • Multi let to 2 local tenants providing a WAULT of 2 years.
  • Total passing rent of £44,550 per annum, reflecting a low passing rent of £8.17 per sq ft.
  • Offers are sought in excess of £605,000 (six hundred and five thousand pounds only), subject to contract and exclusive of VAT.
  • A purchase at this level represents an attractive net initial yield of 7.01% and a capital value of £110 per sq ft.
  • Summary

    Multi let Industrial Investment in Cheltenham


    The property comprises a terrace of two 1980 s built, semi detached industrial units of steel portal frame construction that are brick faced with profile clad elevations arranged under a pitched roof

    Both units have suspended lighting, solid concrete floors and have a single loading door. Unit 6b benefits from office provision, arranged over two floors.

    Externally, each unit benefits from a tarmacked loading area with space for approximately 6 parking spaces, accessed via a shared entrance.


    Strictly by appointment, only.


    Cheltenham is a historic, attractive spa town in Gloucestershire, located on the edge of The Cotswolds. The town population currently stands at 118,800, a 2.7% increase on the 2011 level. Cheltenham is famous for its Regency architecture, racecourse and the Cheltenham festival. Cheltenham has one university, the University of Gloucestershire, where two campuses are situated in Cheltenham, made up of approximately 8 500 students.

    The Town has a strong local economy made up of small to medium sized enterprises. Major employers within Cheltenham includes Spirax Sarco Superdry, Steinhoff, GE Aviation Systems and Masstock Arable.




    The property is located at the end of Colletts Drive, immediately accessed off Tewkesbury Road (A4019). Tewkesbury Road lies approximately 2 miles west of Cheltenham Town Centre and is on the main arterial route to the town centre, linking with junction 10 of the M5 Motorway.

    Tewkesbury Road is a major commercial location, home to food retailers, retail parks, motor showrooms and industrial accommodation including Kingsditch Trading Estate


    Available upon request.


    We understand the building is elected for VAT, and accordingly, it is anticipated that the sale will be dealt with as a Transfer of a Going Concern (TOGC).

    Legal Costs

    Each party to be responsible for their own legal costs incurred in the transaction.

    Anti Money Laundering

    In accordance with the current Anti Money Laundering (AML) Regulations, the purchaser will be required to provide and satisfy th e Vendor and their agents on the source of the funds used to acquire the property in advance of an exchange.


    Location: Units 6a & 6b Colletts Drive, Cheltenham, GL51 8JQ

    Cheltenham Spa (0.7 miles)

    Ashchurch for Tewkesbury (6.9 miles)

    Gloucester (6.9 miles)

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