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Gloucestershire Business News

Office and warehouses on the market for £1.6m

An office and warehouse site in Staverton has been placed on the market through commercial property specialists Bear Associates Surveyors.

Marketed as a fully let investment opportunity, Office 21 and warehouses 21a, 21b and 21c are situated on Bamfurlong Industrial Estate near to Gloucestershire Airport and three miles from Junction 11 of the M5.

Currently let to internet service provider Gigaclear, Office 21 comprises of a 5107 sq ft two-storey office recently refurbished with air conditioning as well as Cat-5 cabling and networking throughout.

The building benefits from open plan office accommodation with several separate directors' offices. It also has more than 35 parking spaces and is said to be presented to a very high internal finish.

Warehouses 21a (3315 sq ft) and 21b (3376 sq ft), let to Toyko Customs and Auto Tek Repairs, are both constructed from steel portal frame with metal clad roofs. The industrial units benefit from three phase electrics as well as disabled and two single WCs.

Other features of the units include roller shutter doors, LED lighting, super-fast internet and telephone facilities and a brand-new kitchenette facility within each unit. Units 21a and 21b are attached, with three electric car charging points.

Warehouse 21c, totalling 768 sq ft is currently vacant and marked for storage use.

Held via a 99-year lease from 1999, the long leasehold interest for all three buildings is advertised at £1,600,000+VAT.

Bear Associates Surveyors believe the site could provide an investment income of £103,000 per annum (with Warehouse 21c remaining vacant).

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