Midland Road Trade Park, Cirencester
Midland Road, Cirencester, Gloucestershire, GL7 1PZ, UK
HK$54,203,000 | 23,003 平方呎
The property is a detached purpose-built warehouse comprising both office, research & development and production uses totalling 51,925 sq ft. The unit is constructed with a steel frame, concrete flooring, blockwork walls, and profile steel sheeting for the walls and roof.
Internally the property has a full mezzanine spanning across the premise. The ground floor is divided into a reception, staff canteen, a number of production rooms, research and development areas and office uses. Similarly, the first floor is divided into production, storage and office areas.
The property benefits from ample parking surrounding the property and a yard at the rear of the premises.
The premises benefits from a well-appointed specification, including central heating, double glazed windows, a generous floor-to-ceiling height, raised floor, suspended ceiling with LED lighting.
We are instructed to seek offers in excess of £2,935,000 (Two Million Nine Hundred and Thirty Five Thousand Pounds) subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 8.00% (assuming purchaser's costs of 6.44%). Capital value of only £56.52 sq ft.