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Gloucestershire Business News

Mitsubishi Motors HQ hits the market for £12m

Car manufacturers Mitsubishi Motors' UK headquarters has been brought to market by Bristol-based Russell Property Consultants.

The site had been owned by Colt Car Company which has had a long-term relationship with the Japanese manufacturer' acting as importer to the UK market since 1974.

Its disposal follows news earlier this year that Mitsubishi would be freezing the introduction of new models into Europe

At the time, Colt said it had no choice but to reduce fixed costs by 20 per cent and concentrate on core markets.

The 157,016sq ft base, which was previously home to 234  employees, is located on the corner of the A429 Bristol Road and the A419 Swindon Road in Cirencester.

With a guide price of £12million, the site comprises of a large distribution facility, two-storey office block, showroom, training centre and also a 24-bed hotel and bar.

The property advert prepared by Russell Property Consultants said: "This is a fantastic opportunity to acquire a bespoke modern Headquarters facility, which has been maintained to an excellent standard with 210 marked car spaces (77 with electric charge points).

"This unique opportunity is all set within a 6-acre secure self- contained and landscaped site, with a gatehouse at the entrance."

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