MapPrice on application
6,521 sq ftIndustrial unit for sale
Unit 3 Brearley Court, Baird Road, Waterwells Business Park, Gloucester, GL2 2AF
Industrial unit
6,521 sq ft / 606 sq m
Features and description
- Tenure: Freehold
- Size 605.85 m2 (6,521 ft2)
- Price: £650,000 reflecting a net initial yield of 6.55% after purchasers' costs.
- The property has been used as a trade counter and for storage and distribution.
- A copy of the lease agreement to Worcester Electrical Distributors Ltd is available upon request.
The property comprises a mid-terrace modern warehouse unit of steel portal frame construction with part brick and part profile clad elevations under a pitched profile clad roof.
The accommodation comprises the main warehouse, a trade counter, modular offices, kitchen point and WC. It has an eaves height of approximately 5.1m with a ridge height of approximately 7m. There are roof mounted lights and suspended fans in the main warehouse area.
The offices have suspended ceilings with inset LED lighting, carpet floors, perimeter trunking and electric wall mounted heaters.
A mezzanine floor has been installed to the rear of the warehouse providing approximately 149.29 sq m (1,607 sq ft) of additional storage space.
Loading to the property is via a vehicular up and over door to the front elevation (4.45m wide x 5.00m high); in addition, there are pedestrian doors leading to the reception area and warehouse also within the front elevation.
A tarmacadam surfaced car park is situated to the front of the building and Unit 3 has 8 allocated spaces.
The property has an EPC rating of B-49, and it is valid until October 2032.
Tenancy
The property is let to Worcester Electrical Distributors Ltd on a full repairing and insuring basis for a period of 10 years from 8th October 2022. The current rent is £45,500 per annum (£7 per sq ft) and the lease includes a tenant's break clause and rent review on the 5th anniversary of the term (8th October 2027).
Worcester Electrical Distributors Ltd (WED) was formed in 1988 and is one of the largest independent electrical wholesalers in the Midlands operating from a network of 6 branches along the M5 corridor from Birmingham down to Gloucester and into the Valleys of South Wales.
WED was acquired in September 2022 by RDCP Group ().
Gloucester has a strong and established traditional industrial base together with, in recent years, a significant expansion as an office centre through the developments on the business parks close to the Motorway junctions.
Brearley Court is a modern development of light industrial/warehouse units within the Waterwells Business Park approximately three miles south of Gloucester City centre and approximately one mile north of Junction 12 of the M5 Motorway.
The location provides access to the Southwest and Midlands via the M5 and to Wales via the M4 and M48 Motorways. Junction 11A connects with the A417 leading to Cirencester, Swindon and the Southeast via the M4.
Nearby occupiers include Prima Dental, DHL, and the Gloucestershire Constabulary Headquarters in addition to a 106 bed Holiday Inn and a Public House. It is also the base for the City's Main Park and Ride.
The accommodation comprises the main warehouse, a trade counter, modular offices, kitchen point and WC. It has an eaves height of approximately 5.1m with a ridge height of approximately 7m. There are roof mounted lights and suspended fans in the main warehouse area.
The offices have suspended ceilings with inset LED lighting, carpet floors, perimeter trunking and electric wall mounted heaters.
A mezzanine floor has been installed to the rear of the warehouse providing approximately 149.29 sq m (1,607 sq ft) of additional storage space.
Loading to the property is via a vehicular up and over door to the front elevation (4.45m wide x 5.00m high); in addition, there are pedestrian doors leading to the reception area and warehouse also within the front elevation.
A tarmacadam surfaced car park is situated to the front of the building and Unit 3 has 8 allocated spaces.
The property has an EPC rating of B-49, and it is valid until October 2032.
Tenancy
The property is let to Worcester Electrical Distributors Ltd on a full repairing and insuring basis for a period of 10 years from 8th October 2022. The current rent is £45,500 per annum (£7 per sq ft) and the lease includes a tenant's break clause and rent review on the 5th anniversary of the term (8th October 2027).
Worcester Electrical Distributors Ltd (WED) was formed in 1988 and is one of the largest independent electrical wholesalers in the Midlands operating from a network of 6 branches along the M5 corridor from Birmingham down to Gloucester and into the Valleys of South Wales.
WED was acquired in September 2022 by RDCP Group ().
Gloucester has a strong and established traditional industrial base together with, in recent years, a significant expansion as an office centre through the developments on the business parks close to the Motorway junctions.
Brearley Court is a modern development of light industrial/warehouse units within the Waterwells Business Park approximately three miles south of Gloucester City centre and approximately one mile north of Junction 12 of the M5 Motorway.
The location provides access to the Southwest and Midlands via the M5 and to Wales via the M4 and M48 Motorways. Junction 11A connects with the A417 leading to Cirencester, Swindon and the Southeast via the M4.
Nearby occupiers include Prima Dental, DHL, and the Gloucestershire Constabulary Headquarters in addition to a 106 bed Holiday Inn and a Public House. It is also the base for the City's Main Park and Ride.
Property information from this agent
About this agent
Ash Chartered Surveyors - Gloucestershire
3 Pullman Court, Great Western Road
Gloucestershire
GL1 3ND
01452 679041ASH was established in 1989 and is a leading independent practice acting for clients throughout Gloucester, Cheltenham, the Stroud Valleys, Tewkesbury, the Forest of Dean and the Cotswolds. The practice is professional, personal and partner led and regulated by the Royal Institute of Chartered Surveyors. We deliver a multi disciplined service offering clients unrivalled local expertise on all types of property advice. Each instruction is managed by committed partners with years of experience, which means clients receive dedicated personal service alongside detailed property knowledge and regional expertise. ASH acquired the Cheltenham based practices, Horsleys and SPA in 2013 and 2017 respectively and has an office in Cheltenham for the convenience of clients.