1-2 Barnwood Industrial Estate, Gloucester

• 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