Offers over
£3,495,000
(£78.39/sq. ft)
Property for saleUnit F & H, Herrick Way, Cheltenham GL51
44,582 sq. ft
About this property
Located in Cheltenham with excellent access to M5 / A40 Golden Valley Junction.
Situated on Staverton Technology Park, an established mixed-use commercial park adjacent to Gloucester Airport.
Two detached modern warehouses totalling 44,582 sq ft (4,141.85 sq m) gia.
Freehold.
Site area of 1.7 acres (0.688 ha).
Both units are let to Future Advanced Manufacturing Limited by way of two Fri leases expiring on 11 November 2031, providing approximately 6.25 years to expiry, without break.
Total passing rent of £297,000 pax, reflecting a low overall rate of £6.66 psf and providing the opportunity for growth.
Seeking offers in excess of £3,495,000 (subject to contract and exclusive of VAT).
A purchase at this level reflects an attractive net initial yield of 8.00% and a low overall capital value of £78.40 psf.
The property comprises two detached, purpose-built, self-contained warehouses.
Unit F comprises a high quality headquarters & production facility constructed of steel portal frame with brick built elevations arranged in five bays under pitched roofs. The building contains the production area which sits within 2 high bays and benefits from 2 level loading doors with a height of c5.5m. Alongside sits the storage and distribution areas within the next 2 bays as well as a covered loading area with a door of 4.82m height. Externally htere is a secure yard with loading areas and parking for 48 cars.
Unit H is a modern detached and self-contained warehouse constructed in 2006 of steel portal frame with profile sheet metal cladding underneath a pitched roof. The unit is of regular shape with offices to the front and a level access roller shutter door of 3.3m leading to the warehouse at the back. Externally there is a secure yard to the front with two car parking areas to the north of the building with parking for 26 cars.
Location
Cheltenham is a key commercial centre in the South West, situated on the edge of the Cotswolds with an affluent demographic. The town lies approximately five miles east of Gloucester, 42 miles north of Bristol, 50 miles south of Birmingham, and 115 miles west of London. The town is well situated and benefits from excellent road connections, being served by the adjacent M5 motorway, with Junctions 10 and 11 located just three miles to the west. Birmingham is easily accessible via the M5 northbound in around one hour, and central Bristol is a 45-minute drive to the south. Oxford is 43 miles to the east via the A429, and the A417/A419 provides easy access to London and the South East via the M4 motorway. Connectivity will be further improved by works at Junction 10 of the M5, due to open in spring 2026 at an estimated cost of £293 million.
The property is situated on the western side of Herrick Way, within Staverton Technology Park, a well-established mixed-use commercial location. The Park is conveniently located with good access to Cheltenham, approximately 4 miles to the east, and Gloucester, 5.5 miles to the west. The property benefits from excellent access to the M5 at Junction 11, Golden Valley Junction, via the B4063 to its junction with the A40 at the Arle Court Roundabout, and then westwards to Junction 11 within a 5-minute drive. Brg Technologies Gloucestershire Airport is adjacent to Staverton Technology Park, and gchq is situated approximately 2 miles to the east. Other nearby occupiers to the subject include Screwfix and brg Technologies, as well as a range of trade, technology, and aviation-based businesses.
.png){kind=logo}