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Investment - Industrial 4,491 SqFt Gloucester

Freehold £250,000 Guide Price

1 and 2 , Horton Road, Gloucester, GL1 3QA

Key Features

Description

FOR SALE BY AUCTION WITH ALLSOP TUESDAY 16TH OCTOBER 2018

LOT NUMBER 245

Location

The city of Gloucester is located approximately 36 miles north of Bristol, 56 miles south-west of Birmingham and 13 miles west of Cheltenham. The city is situated adjacent to the M5 Motorway between Junctions 11 and 12. The A40 provides access to Cheltenham, whilst the A417 provides access to Cirencester.

The property is situated on the east side of the city, close to Gloucestershire Royal Hospital in a mixed commercial and residential area.

Description

The property comprises a single storey unit having the benefit of a trader counter and ancillary offices. The property has the benefit of onsite
car parking. The property provides the following accommodation and dimensions:

Ground Floor (GIA) 417.20 sq m (4,491 sq ft)

Tenancy

The entire property is at present let to REXEL UK LIMITED (t/a Denmans) for a term of 10 years from 1st April 2018 at a current rent of £19,800 per annum. The lease provides for a rent review and tenant option to break (1) in the fifth year of the term and contains full repairing and insuring covenants.
Tenant Information
Denman has a network of 70+ branches across the UK. In 1999, the
company was acquired by the Rexel Group (Source:
www.denmans.co.uk).
For the year ended 31st December 2017, Rexel UK Limited reported a
turnover of £739.632m, a pre-tax profit of £9.530m, shareholders'
funds of £57.116m and a negative net worth of £6.524m. (Source:
Experian 19.09.2018.)

Comments

Viewings strictly by prior appointment with the joint sole agents: Gregor Campbell +44 0207 5436703 gregor.campbell@allsop.co.uk Jason Barnsdale MRICS Barnsdales - Chartered Surveyors Tel: 01302 308 174 jason@barnsdales.co.uk

EPC awaited or not required

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