Documents
Attributes
| Property Reference Number | 100121238067 |
| Year Built | 1990 |
| Building Area Gross |
|
| Occupancy | 100.0 % |
Asset Description
- 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.
Investment Highlights
- 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%).
Similar Properties
View more
Industrial & Logistics
EMEA - IRL - Units 1, 2 & 3 Airways Industrial Estate, Dublin 17
IE - Santry
Industrial & Logistics
MIUS Ltd, Electron and Proton
UK - Gloucester
Industrial & Logistics
Mead Lane, Lydney
UK - Lydney
Industrial & Logistics
Heartbeat, Redditch
UK - Redditch
Industrial & Logistics
Water Eaton Industrial Estate, Milton Keynes
UK - Milton Keynes
Industrial & Logistics
Carrington Gateway, Carrington, Manchester
UK - Greater Manchester
Industrial & Logistics
116-130 Gilmore Rd, Berrinba, QLD (Stage 3)
AU - Berrinba
Industrial & Logistics
1-21 McPhee Dr, Berrinba, QLD (Stage 1 & 2)
AU - Berrinba
Industrial & Logistics
26 Harcourt Road, Altona VIC
AU - Altona
Industrial & Logistics
47 Westgate Drive, Altona VIC
AU - Altona North
Industrial & Logistics
Majority Portion (72.53%) of Chuan Kei Factory Building
HK - Kwai Chung
Industrial & Logistics
Emser Tile
US - Houston, TX
Industrial & Logistics
Republic Business Center
US - Houston, TX
Industrial & Logistics
Freedom Business Center – Raleigh, NC
US - Raleigh, NC
Industrial & Logistics
Produktionsimmobilie mit weitläufiger Grundstücksreserve an der A7 (WÜ-Fulda)
DE - Elfershausen
Industrial & Logistics
Reebonz
SG - Singapore
Industrial & Logistics
Ella West Crossing
US - Houston, TX
Industrial & Logistics
KW International
US - Columbus, TX
Industrial & Logistics
Seaco Court
US - Deer Park, TX
Industrial & Logistics
World Houston 23
US - Houston, TX
Industrial & Logistics
9 Boron Street, Narangba, QLD
AU - Narangba
Industrial & Logistics
6 Kung Chong Road
SG - Singapore
Industrial & Logistics
1251 Clay Court
US - Deer Park, TX
Industrial & Logistics
Light Industrial Property in Langenegg (Austria)
Austria - Langenegg
Industrial & Logistics
Marunda Modern Logistics Warehouse - 15,000 sqm
ID - Bekasi
Industrial & Logistics
22 Chin Bee Drive
SG - Singapore
Industrial & Logistics
5 & 7 Gul Street 1
SG - Singapore
Industrial & Logistics
346 Maujer Street
US - Brooklyn, NY
Industrial & Logistics
9 Tuas View Crescent
SG - Singapore
JLL financing
JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.