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The Runnings, Ashville Trading Estate 3 Industrial Properties Offered at £7,900,000 in Cheltenham
Investment Highlights
- Affluent South West commercial centre
- Cheltenham’s premier industrial and trade location
- Excellent regional connectivity
Executive Summary
Strong covenant mix with 44% of income received from CreditSafe ‘A’ tenants and 34% from ‘B’;
Highly attractive WAULT of 5.8 years to lease expiries and 4.1 years to break;
Total passing rent of £590,399 per annum, reflecting a low average rent of £8.85 per sq ft;
78% of leases contracted outside of the ‘L&T 1954 Act’;
Opportunity to add value through active asset management, at pending lease events and leasing the vacant unit;
Situated on a 3.91 acre site providing a low site coverage of 43%;
Highly attractive WAULT of 5.8 years to lease expiries and 4.1 years to break;
Total passing rent of £590,399 per annum, reflecting a low average rent of £8.85 per sq ft;
78% of leases contracted outside of the ‘L&T 1954 Act’;
Opportunity to add value through active asset management, at pending lease events and leasing the vacant unit;
Situated on a 3.91 acre site providing a low site coverage of 43%;
Property Facts
| Price | £7,900,000 | Number of Properties | 3 |
| Price psf | £106.83 / sq ft | Individually For Sale | 0 |
| Yield | 7% | Total Property Size | 73,950 sq ft |
| Sale Type | Investment | Total Land Area | 8.87 ac |
| Status | Active |
| Price | £7,900,000 |
| Price psf | £106.83 / sq ft |
| Yield | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Property Size | 73,950 sq ft |
| Total Land Area | 8.87 ac |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| The Runnings, Cheltenham GL51 9PT | Industrial | 35,815 sq ft | 1988 | - |
|
Ashville Trading Estate
Runnings, Cheltenham GL51 9PT |
Industrial | 30,531 sq ft | 1990 | - |
| Unit K The Runnings, Cheltenham GL51 9PT | Industrial | 7,604 sq ft | 1990 | - |
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The Runnings, Ashville Trading Estate
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