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Agent's details

Property agent
Richard Knightley

The Runnings, Kingsditch Trading Estate, Cheltenham, GL51 9NJ

For sale: £4,415,000.00|46,439.98 Sq Ft|General Industrial, Office, Industrial, Offices

Property details

FOR SALE£4,415,000.00
SIZE46,439.98 Sq Ft
ADDRESSThe Runnings, Kingsditch Trading Estate, Cheltenham, GL51 9NJ
TYPEGeneral Industrial, Office, Industrial, Offices
TENUREFor Sale Freehold
POSTED ON1st March 2024

Description

FREEHOLD INDUSTRIAL INVESTMENT - 8 units in an established commercial location close to the town's major retail and trade parks - a proposed sale and leaseback of 6 units occupied by Superdry for its HQ operations - 2 units to be sold with vacant possession, with scope for future refurbishment/ redevelopment - Total site area of approx. 1.96 acres (0.79 hectares) - Total floor area of 46,440 sq ft (4,314 sq m) GIA approx. - Passing rent of GBP 248,443 per annum exclusive reflecting an average rent of GBP 7.50 per sq ft - Good occupational demand in this location We are seeking offers of GBP 4,415,000 for our client's interest, subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 6.9% when fully let, and a capital value of GBP 95 per sq ft, allowing for purchaser's costs at 6.56% at this level.



(From Caldes Software. Property Ref: N49419. Mar 7 2024 12:30PM)

Location

marker
Location: The Runnings, Kingsditch Trading Estate, Cheltenham, GL51 9NJ

Cheltenham Spa (1.4 miles)

Ashchurch for Tewkesbury (6.1 miles)

Gloucester (7.1 miles)

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