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Unit F & H
TENURE
For Sale
SIZE
44,582 sq ft
GUIDE £
Offers in excess of £3,495,000
- Located in Cheltenham with excellent access to M5 / A40 Golden Valley Junction.
- Situated on Staverton Technology Park, an established mixed-use commercial park adjacent to Gloucester Airport.
- Two detached modern warehouses totalling 44,582 sq ft (4,141.85 sq m) GIA.
- Freehold.
- Site area of 1.7 acres (0.688 ha).
- Both units are let to Future Advanced Manufacturing Limited by way of two FRI leases expiring on 11 November 2031, providing approximately 6.25 years to expiry, without break.
- Total passing rent of £297,000 pax, reflecting a low overall rate of £6.66 psf and providing the opportunity for growth.
- Seeking offers in excess of £3,495,000 (subject to contract and exclusive of VAT).
- A purchase at this level reflects an attractive net initial yield of 8.00% and a low overall capital value of £78.40 psf.
Unit F & H, Herrick Way, Cheltenham, GL51 6TQ
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