High Bay Warehouse Investment Opportunity

The opportunity comprises a modern high bay warehouse constructed in 2008, strategically positioned 5.5 miles south of Gloucester. The property is situated 0.8 miles from Junction 12 of the M5 via the A430. Situated on Quedgeley West Business Park, an established industrial estate totalling 32 acres. Strategically located between two major south-west cities; benefiting from excellent national motorway connections and supported by an established skilled workforce. Modern distribution warehouse totalling 130,412 sq ft, benefitting from 12m eaves, 7 dock level loading and 7 level access doors, with ancillary offices. The site extends to 6.46 acres (2.61 hectares) providing a low site cover of approximately 46%. The property is held Long Leasehold for a term of 500 years from March 2008, providing approximately 484 years unexpired at a peppercorn rent. The property will be let to EVCL Downton on a full repairing and insuring lease (subject to a schedule of condition) for a term of 10 years from completion, with a guarantee from EVCH UK Limited. Open market rent review in year 5. Passing rent of £914,844 per annum, reflecting £7.00 psf.