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Gateway 50

Industrial unit for sale

£7,100,000 253,737 sq ft

Avison Young
Contacts

Paul Hobbs - Avison Young

Richard Howell - Avison Young

Full address
Netherton Rd, Ross On Wye HR9 7QQ – Ross-on-Wye
Property owner
Co-operative Group Estates Services Ltd
Property type

Industrial unit for sale

Asking price
£7,100,000
Available space range
There is 1 space available. This measures 253,737 sq ft.
Features
Energy Performance Rating - D
Brochure
Download the brochure

Sale details

Sale unit 3936514 Available

253,737 sq ft, £27.98 per sq ft

Unit Sale unit 3936514
Address Netherton Rd, Ross On Wye, Herefordshire, HR9 7QQ, GB
Size 253,737 sq ft
Price £7,100,000
Price per unit £27.98 per sq ft
Unit Sale unit 3936514
Address Netherton Rd, Ross On Wye, Herefordshire, HR9 7QQ, GB
Size 253,737 sq ft
Price £7,100,000
Price per unit £27.98 per sq ft
Sale type Investment
Tenure Long leasehold
Net income yield 11.83%
Financial type Actual
Financial year 2018
Net operating income £840,000

Sale notes

  • Offers are invited in excess of £7,100,000 (seven million one hundred thousand pounds).
  • This reflects a very net initial yield of 11.09%, a reversionary yield of 12.09% , and a low capital value of £28 per sqf.

Property description

The property comprises a detached distribution warehouse of steel frame construction with brick and profile sheet metal clad elevations surmounted by a pitched roof incorporating translucent panels.

The property is located on Netherton Road, near it's roundabout with the A449 and in close proximity to Junction 4 of the M50.

Building subtype
Distribution
Number of storeys
1
Ceiling height
387.0"
Parking ratio
0.67
Rentable building area
253,737 sq ft
Year built
1991

Attachments

PDF #1 Marketing brochure/flyer Download

This industrial unit for sale is located in Ross-on-Wye.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Avison Young. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Avison Young for full details and further information.