Use Class E
148,000 sq ft
148,000 sq ft
Marketed by Alder King
For sale or to let approximately 148,000 sq ft warehouse and office accommodation on a 10.8 acre site. Planning in place and income producing until September 2017. Occupiers in the immediate vicinity include Morrisons, Homebase, Currys, McDonalds, PC World, Halfords, The Range, B&M. A recent planning consent permits a comprehensive development for a large format wholesale / retail warehouse club and associated parking, servicing and a new site access junction (from Eastern Avenue). The permission is valid until August 2019. The site also has the potential for other forms of redevelopment and uses, subject to planning. The site has the benefit of short term rental income by virtue of an existing lease to Tradeteam Ltd (a DHL Subsidiary) for a term expiring 30 September 2017 at a rent of £550,000 per annum exclusive with an out-standing rent review from 23/05/2013. The lease provides for a mutual break with a minimum 18 months prior notice and is contracted outside of the Landlord and Tenant Act 1954.
The site is prominently located at the junction of Eastern Avenue and Metz Way approximately 1 mile east of Gloucester City Centre. The scheme is positioned centrally therefore within Gloucester's prime out of town roadside location. Eastern Avenue forms part of the Gloucester Ring Road and provides direct dual carriageway access to junctions 11, 11A and 12 of the M5 motorway all within approximately 5 miles and to Cheltenham approximately 9 miles east.
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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