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The Marshes Lord’s Hill, Coleford, GL16BAA
Use Class
E
Size
21,433 sq ft
Price
£3,620,000
Market Sector
High Street Scheme
Key Features
Located in the historic market town of Coleford, the centre of the Forest of Dean in the Wye Valley.
Coleford is positioned twenty miles south west of Gloucester, twelve miles north of Chepstow and thirty miles north of Bristol.
A detached 21,433 sq ft (1,991.2 sq m) foodstore with demised car parking.
Let on an FRI lease to the Midcounties Co-operative Ltd until 22nd April 2040, providing over 14.3 years unexpired term.
The current passing rent is £270,000 pa, which reflects an affordable rent of £14.21 psf. The next rent review is to open market value on 23rd April 2030.
Central site adjacent to the local retail pitch, Market Square, of 1.22 acres (0.49 hectares).
Central site adjacent to the local retail pitch, Market Square, of 1.22 acres (0.49 hectares).
Attractive covenant – Midcounties Co-operative Limited.
The property has an EPC Rating of B.
Freehold
Description
Large foodstore site with substantive car parking and limited surrounding foodstore competition
The property occupies a substantial site of 1.22 acres (0.49 hectares) within the centre of Coleford. The store comprises 21,433 sq ft (1,991.19 sq m) and is predominantly at ground floor with a small ancillary area at first floor and with a demised surface car park. The store can be accessed via the car park entrance on Railway Drive or Lord’s Hill as well as pedestrian access leading through from Market Square. The store is serviced at the rear, accessed via a separate entrance along Railway Drive. The servicing is secure and dedicated and access is separate from the customer car park, which avoids conflict between delivery vehicles and customers cars. The store was substantially extended and refitted in 2011 to increase the net sales area and provide a new customer entrance. The store benefits from demised surface car parking. In addition, there is a local authority car park adjacent to the property which the customers have the right to use. Parking is free for customers. The property is situated in the centre of the town close to the High Street and just off the Market Square, the historic heart of the retail pitch of the town where there is a variety of national and independent shops, cafés, restaurants, and traditional pubs. The property benefits from a customer entrance via the car park, accessed via Railway Drive, just off the High Street, as well as pedestrian access off Market Square.
Location
Coleford is a historic market town located within the Wye Valley, Gloucestershire, on the border between England and Wales. Coleford sits at the centre of the Forest of Dean and is often a base for visitors, anecdotally known by locals as the “Pride of the Forest”. It is located approximately 20 miles (32.3 km) south west of Gloucester, 12 miles (19.6 km) north of Chepstow and 30 miles (48 km) north of Bristol.
Key Information
Further Infomation
Terms & Conditions
In order to comply with anti-money laundering legislation, the successful purchaser will be required to provide certain identification documents. The required documents will be confirmed at the relevant time.
Accommodation
21,433 Sq.Ft
We understand that the property benefits from the following floor areas:
Financial
Lease Term
Freehold interest under title number GR133922.
Rent
Subject to contract, rental offers are invited in the region of £270000 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.
Price
(Three Million, Six Hundred and Twenty Thousand Pounds) Subject to contract and exclusive of VAT. Yields are net of purchaser’s costs of 6.51%.
Tenure Detail
The original lease was to The Midcounties Co-Operative Ltd on a 35-year FRI lease that expired on 22nd April 2025. In October 2011, the property was extended, refurbished and a reversionary lease entered into for a further term of 10 years, to expire 22nd April 2035, with a tenant’s only break option on 23rd April 2030. The lease was regeared in December 2025 to remove the tenant break option and extend the term by a further 5 years. Therefore, providing an unexpired term of over 14.3 years with lease expiry on 22nd April 2040. The current passing rental income of £270,000 pa which reflects £14.21 on the assumed floor area of 19,000 sq ft (£12.60 psf on the actual GIA). The rent is subject to 5 yearly upward only fixed rent reviews to open market value. The assumed floor area of 19,000 sq ft for rent review purposes will fall away upon expiry of the lease, resulting in a substantially larger GIA being valued on renewal.
Terms & Conditions
In order to comply with anti-money laundering legislation, the successful purchaser will be required to provide certain identification documents. The required documents will be confirmed at the relevant time.
Vat
This property has been elected for VAT purposes and it is expected that the investment sale will be treated as a Transfer of a Going Concern (TOGC).
Sustainability
Energy Performance Certificate
Energy Performance Certificate Information
The Energy Performance Certificates for the property is B35, a copy of the certificate is available upon request.
Disclaimer
All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.
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