The shopping mall in Gloucester

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The shopping mall in Gloucester

4,388,000 £
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Total area: 5,018 m² Yield: 8.6%
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Features
  • Operating Incomе: 539,477 €
  • Land area: 12,230 m²
  • Occupancy: 100%
  • Number of parking lots: 195

It is retail and warehouse property with total area of 5,018 m² in the center of Gloucester.

Description

The shopping center offers a wide range of products depending on the season:

  • carpets,
  • furniture,
  • appliances,
  • products for pets,
  • office equipment,
  • garden equipment,
  • tents,
  • items for camping and home repair.

Ceiling height makes it easy to integrate the warehouse mezzanine into the interior of the shopping center.

Departments that sell clothes and shoes occupy 20% of the shopping center area.

There is parking for 195 places outside the mall.

There is a potential for the development of the property, as its total area is 12,230 m² and only 41% of it is occupied.

Financial performance

Absolute income is 376,764 £.

The curretn yield of 8,6%.

Tenants

The object is leased to a single company for 15 years, expiring on 18 July 2025, provided full coverage and repair of property by the tenant.

The rent has been increased since July 2015.

Location

Gloucester is one of the main retail centers in southwest England, nine miles from Cheltenham and 19 miles from Cirencester.

The city is strategically located at the intersection of highways A40 and A417, which provide direct access to the main highway M5, as well as Oxford and London in the east and South Wales in the west.

The M5 motorway provides easy access to Bristol (36 miles south) and Birmingham (54 miles north).

Also, the city offers excellent railway connections with the trains to London and Paddington.

More properties

If this property wasn’t for you, take a look at other supermarkets for sale in the United Kingdom.

You can see more supermarkets for sale in Gloucestershire elsewhere on our website.

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Julia Morozova
Julia Morozova
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