The Runnings
The Runnings, Kingsditch Trading Estate, Cheltenham, Gloucestershire
Size: 46,439.96 Sq Ft - 46,439.96 Sq Ft
Price From: Guide Price
FREEHOLD INDUSTRIAL INVESTMENT
-8 units in an established commercial location close to the town’s major retail and trade parks
-a proposed sale and leaseback of 6 units occupied by Superdry for its HQ operations
-2 units to be sold with vacant possession, with scope for future refurbishment/ redevelopment
-Total site area of approx. 1.96 acres (0.79 hectares)
-Total floor area of 46,440 sq ft (4,314 sq m) GIA approx.
-Passing rent of £248,443 per annum exclusive reflecting an average rent of £7.50 per sq ft
-Good occupational demand in this location
We are seeking offers of £4,415,000 for our client’s interest, subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 6.9% when fully let, and a capital value of £95 per sq ft, allowing for purchaser’s costs at 6.56% at this level.
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