Midland Road Trade Park, Cirencester_Pand te koop
Midland Road Trade Park, Cirencester_Pand te koop
Midland Road, Cirencester, Gloucestershire, GL7 1PZ, UK

Midland Road Trade Park, Cirencester

Activa beschrijving

  • The property has recently been refurbished to accommodate 6 trade units with an additional 2 new retail units. Units 2 - 6 are of a steel portal frame construction with concrete blockwork elevations and profile metal sheet cladding.
  • The main units are well maintained and have undergone a recent refurbishment including a new roof, loading doors and windows and a full internal redecoration.
  • Each unit benefits from its own forecourt for loading and deliveries with a roller shutter door together with allocated car parking.
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Attributen

Vraagprijs
€ 6.457.000
Bruto gebouwoppervlakte
2.137 vierkante meter
Bezetting
100%
Bouwjaar
1990
Cap rate
5,01%
NOI
€ 345.000

Media

Investeringshoogtepunten

  • A well located multi-let trade park situated in close proximity to Cirencester’s ring road.
  • 6 refurbished trade counter units with 2 additional new build retail pods.
  • The property extends to 23,003 sq ft (2,137 sq m) GIA.
  • The site totals 1.39 acres (0.564 ha) reflecting a site coverage of 37%.
  • Freehold.
  • Attractive WAULT of 9.1 expiry and 5.7 years to break.
  • Multi-let to 6 tenants providing a spread of expiries and covenant strengths.
  • Asset management potential through letting of vacant unit (subject to rent guarantee).
  • Current passing rent of £293,785 per annum.
  • Rents equate to an average of £10.74 per sq ft on the Trade Counter element and £28.75 per sq ft on the retail element.
  • We are instructed to seek offers in excess of £5,500,000 (Five Million Five Hundred Thousand pounds) subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 5.01% (assuming purchaser’s costs of 6.61%).
Midland Road Trade Park, Cirencester 4_Pand te koop
Midland Road Trade Park, Cirencester 4_Pand te koop

Contact makelaars

Midland Road Trade Park, Cirencester (0 Eigendommen)
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Laatst bijgewerkt
May 16, 2024