Industrial for sale in The Runnings, Kingsditch Trading Estate, Cheltenham GL51

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.