Midland Road Trade Park, Cirencester
Midland Road, Cirencester, Gloucestershire, GL7 1PZ, UK
HK$54,203,000 | 23,003 sf
Asset Description
The property is a purpose-built warehouse consisting of two interconnected units, covering a total area of 43,351 sq ft. The unit is constructed with a steel frame, concrete flooring, blockwork walls, and profile steel sheeting to both walls and roof.
It offers both warehouse and office space, along with ample parking and a sizeable yard at the front and side of the premises.
The warehouse features a generous eaves height of approximately 7.60m (with a haunch height of around 6.00m) and is easily accessible via four level access loading doors at the front of the unit.
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Attributes
Building area gross
43,251 sf
Occupancy
100%
Asking price
HK$42,870,000
Media
Investment Highlights
- Modern industrial unit located on Commerce Park, Frome
- Located 12 miles south of Bath and 24 miles south west of Bristol
- The warehouse extending to 43,351 sq ft, comprises two interconnecting units to form a single demise
- Let to EPD Insulation Group from 31 May 2024 for a term of 10 years at a rent of £325,000 per annum equating to £7.50 per sq ft
- Large site area of 2.23 acres site reflecting a site coverage of 41%
- Freehold
We are instructed to seek offers in excess of £4,350,000 (Four Million, Three Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 7% (assuming purchaser's costs of 6.56%). Capital value of £100 per sq ft
Contact brokers
Unit 2B Commerce Park, Frome (0 Properties)
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Last updated
24 Oct 2024
