Upper Mills Industrial Estate Bristol Rd 601 SF Office Building Stonehouse GL10 2BJ $213,550 ($355.32/SF) 7% Cap Rate

We are instructed to invite offers in the region of £160,000 for the freehold interest, subject to the occupational tenancy in place. A purchase at this level reflects a gross yield of 7.1% and net yield of 7% after purchaser’s costs.
The property is let to Moody Direct Ltd for a period of 5 years to expire 1st September 2028 at a rent of £11,400 per annum. The lease is on a full repairing and insuring basis and is excluded from the Security of Tenure provisions of the Landlord and Tenant Act 1954, Part II.
Unit 2 was constructed around 20 years ago and has brick elevations under a pitched tiled roof. The accommodation comprises an office, kitchen, store and disabled WC on the ground floor with 2 offices at first floor level. The total net internal area extends to approximately 55.86 m2 (601 ft2).
Specification: The property has been finished to a good specification to include the following:
• Painted plastered ceilings and walls. • Electric storage heaters. • Carpeted throughout aside from tiles in the entrance hall. • It is lit by a combination of Category 2, strip and spot lighting. • Security and fire alarms have been installed. • UPVC windows with grills on the interior at ground floor level. • Air conditioning in one office on first floor. • 2 allocated parking spaces.
The property is located on the Upper Mills Trading Estate, just off the A419 Trunk road leading to Junction 13 of the M5 Motorway (approx. 3 miles). Upper Mills Estate is a popular location for businesses and industry and offers a very pleasant working environment enjoying all the benefits of the amenities of the Stroud Valleys, with the advantage of an excellent Motorway access via the M5.