Industrial

Kingsditch Trade Park, Kingsditch Lane, Cheltenham 

 

Price: £20,523,000 - Initial Yield:5.30%

Date: Q2 2018

Acting on behalf of M&G Real Estate we advised on the sale of this trade park/industrial estate for £20.523m, reflecting a net initial yield of 5.30%. 

The property comprises a multi-let trade park of 28 units totalling 137,942 sq ft GIA, with flexible unit sizes ranging from 2,373 sq ft to 11,255 sq ft. Currently let to 24 tenants providing an AWULT of 6.5 years and 3.75 years to lease breaks, the property produces a total rent of £1,161,667 per annum, reflecting a low average passing rent of £8.42 psf. 76% of current income is derived from national covenants with tenants including Screwfix, Magnet, HSS, Brandon Hire, Bensons for Beds, Evans Cycles, Tile Giant and Howden.

Contact

John Ellison

Tel: 020 7493 3330
Mob: 07889 437 236
jellison@lewisellis.co.uk

James Caddick

Tel: 020 7493 3330
Mob: 07771 882 860
jcaddick@lewisellis.co.uk

Fred Daeche-Marshall

Tel: 020 7493 3330
Mob: 07785741700
FDMarshall@lewisellis.co.uk


Terms & Conditions | Privacy Policy
Web Design by Creativeworld