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Baird Rd 14,876 sq ft Industrial Unit Offered at £1,500,000 in Quedgeley GL2 2AF
INVESTMENT HIGHLIGHTS
- Modern industrial investment in an established and successful business park
- 5m to underside of haunch
- Comprising end of terrace units totalling 14,875 sq ft
EXECUTIVE SUMMARY
Brearley Court is a modern development of terraced industrial units. Units 6 & 7 form the corner units fronting Baird Road, in a block of six light industrial units. The units are of steel portal frame construction with part profiled metal sheet clad and part brick elevations under a profile metal sheet roof with powder coated aluminium glazed doors and windows. The units are well specified with clear open span production/storage areas, with a height of approximately 5m to the underside of the haunch.
PROPERTY FACTS
| Total Property Size | 29,705 sq ft | Floors | 2 |
| Property Type | Industrial (Unit) | Typical Floor Size | 14,853 sq ft |
| Property Subtype | Warehouse | Year Built | 2009 |
| Costar Property Class | B | Total Plot Size | 0.69 ac |
| Total Property Size | 29,705 sq ft |
| Property Type | Industrial (Unit) |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 14,853 sq ft |
| Year Built | 2009 |
| Total Plot Size | 0.69 ac |
AMENITIES
- EPC - D
- Roller Shutters
- Storage Space
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
1 UNIT AVAILABLE
Unit 6-7
| Unit Size | 14,876 sq ft | Sale Type | Investment |
| Price | £1,500,000 | Tenure | Freehold |
| Price Per sq ft | £100.83 | Net Initial Yield | 6.28% |
| Unit Use | Industrial | NOI | £94,200 |
| Unit Size | 14,876 sq ft |
| Price | £1,500,000 |
| Price Per sq ft | £100.83 |
| Unit Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 6.28% |
| NOI | £94,200 |
DESCRIPTION
Brearley Court is a modern development of terraced industrial units. Units 6 & 7 form the corner units fronting Baird Road, in a block of six light industrial units.
The units are of steel portal frame construction with part profiled metal sheet clad and part brick elevations under a profile metal sheet roof with powder coated aluminium glazed doors and windows.
SALE NOTES
Seeking offers in excess of £1,500,000 (One Million Five Hundred Thousand Pounds).
A purchase at this level would reflect 6.28% NIY with potential reversion to around 9.35% (allowing for purchaser’s costs at 6.10%) and capital value of £100 per sq ft.
The property is fully let on FRI terms to Direct Online Services Limited on a 10 year lease from 1st July 2018 expiring 30 June 2028, leaving approximately 3 years unexpired. The rent passing is £100,000 per annum, reflecting £6.72 per sq ft. The lease is contracted outside the act.
The tenant owns and occupies the adjoining Units 8 & 9, as well as the opposing terrace.
Presented by
Baird Rd
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