Unit 2B Commerce Park, Frome
Commerce Park, Frome, Somerset, BA11 2FB, UK
CHF 4,865,000 | 4,018 m²
Asset Description
The property, accessed directly from Barnett Way, comprises a detached terrace forming two modern industrial units of a steel portal frame construction arranged under a profile metal sheet roof.
Each unit is accessed via high bay roller shutter metal doors, and benefits from a well configured yard area with demised external car parking spaces.
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Attributes
Building area net
3,621 m²
Occupancy
100%
WAULT
2.7 years
Asking price
CHF 4,026,000
Media
Investment Highlights
- Prominently situated within Barnwood Industrial Estate which is an established mixed use commercial estate
- The property is located to the east of Gloucester city centre, only 2 miles from junction 11A of the M5
- A detached modern industrial property divided into two self-contained units totalling 38,976 sq ft GIA, with a maximum eaves height of circa 7m
- Site area of 1.75 acres equates to a site coverage of 46%
- WAULT of 2.69 years to expiry
- Opportunity to capture reversion from an outstanding rent review and short WAULT
- Current passing rent of £287,253 per annum, equating to a base rent of £7.37 per sq ft on the unit
- Freehold
We are instructed to seek offers in the region of £3,500,000 (Three Million, Five Hundred Thousand Pounds) subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 7.71% (assuming purchaser’s costs of 6.50%), equating to a low capital value of £89.80 per sq ft
Contact brokers
1-2 Barnwood Industrial Estate, Gloucester (0 Properties)
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Last updated
21 Nov 2024
