Industrial & Logistics

Formal Industrial Park

Northway Lane, Tewkesbury, Gloucestershire United Kingdom GL20 8YG
Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Building Area

Property description

The Property is situated within the established Ashchurch industrial area, which together with

Tewkesbury Business Park (to the west of the M5 junction), forms the principle industrial

areas for the town. Formal Industrial Park lies only 500 metres from Junction 9 of M5 and is

easily accessed via the A46 and Northway Lane.


Formal Industrial Park comprises a mix of units comprising a single main distribution warehouse facility along with 4 modern multi let industrial terraces, and a further self-contained industrial unit at the entrance of the estate.

Investment highlights

  • Situated only 0.7 miles (2 mins) from Junction 9 of M5 Motorway providing immediate access to the national motorway network and beyond. 
  • Located in an established industrial location in Tewkesbury. 
  • The accommodation totals 285,735 sq ft (26,545.7 sq m) GIA. 
  • 13 units arranged in four modern terraces together with a single distribution warehouse of 206,845 sq ft. 
  • Freehold. 
  • AWULT of 4.96 years to expiry and 4.32 years to break. 
  • Fully let to 9 tenants providing a diverse income profile. 
  • Current contracted rent of £1,343,946 per annum equating to a low £4.70 per sq ft overall. 
  • Considerable reversionary potential with recent lettings on estate at £8.47 sq ft overall.

We are instructed to seek offers in excess of £21,000,000 (Twenty One Million Pounds) subject

to contract and exclusive of VAT for the UK Limited Company within which the property is held.

 

A purchase at this price would reflect a Net Initial Yield of 6.26% and a reversionary yield of 7.20%

assuming purchaser’s costs of 2.30%.

 

The price also reflects a low capital value of only £73.49 per sq ft.

Last Updated Date: 24 Sep 2021
Allan Wilson
Allan Wilson
Director - Capital Markets
Ben Voss-Wood
Associate - Capital Markets

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Last Updated Date: 24 Sep 2021

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