CHRISTMAS OFFER Subscribe to Cotswold Life today CLICK HERE

Alder King achieves investment sale of Gloucester retail warehouse

PUBLISHED: 17:16 13 October 2014 | UPDATED: 15:14 27 October 2014

1 and 2 Eastern Avenue Gloucester (Photo: Hi-Pix Photography Ltd)

1 and 2 Eastern Avenue Gloucester (Photo: Hi-Pix Photography Ltd)

www.hi-pix.com

Property consultants Alder King, acting on behalf of the Rowe Group, have secured the freehold investment sale of Units 1 and 2 Eastern Avenue, Gloucester, two modern retail warehouses situated on the A38.

The 22,663 sq ft property was sold for £4.25 million to NewRiver Retail reflecting a net initial yield of 8.3%. The purchaser was advised by Strutt & Parker. The property, located in Gloucester’s core retail warehouse location, is let to DSG Retail (trading as PC World) and Magnet until 2021 and 2024 respectively and produces a combined annual rental of £373,100. Oli Stretton from Alder King’s investment team said: “We are retained by the Rowe Group to provide strategic asset management advice across its property portfolio. The successful disposal of this asset, achieved at a figure above the quoting price, will facilitate re-investment into the Group’s target sectors.”

Alder King LLP is a leading independent property consultancy and 13 times winner of the Estates Gazette ‘Most Active Agent’ award. Established in 1911 and employing around 150 people, it is one of the largest provincially-based property consultancies operating in the United Kingdom with seven offices in Bristol, Cardiff, Exeter, Gloucester, Swindon, Taunton and Truro. As market leaders in the South West working in both the public and private sector, Alder King is owned and managed by 43 partners and offers unrivalled market knowledge in all areas of commercial property ranging from:

· Agency & Development– offices, industrial, retail and leisure agency, residential and

commercial development and viability in planning

· Asset Recovery – receivership, volume recoveries and lender support services

· Building Consultancy – dilapidations, project management, refurbishment and construction,

surveys and investigations and due diligence

· Business Rates – 2010 Rating List appeals, rates payments and empty rates advice

· Investment & Asset Management – acquisitions, disposals, asset management, development

funding and energy

· Planning Consultancy – appraisals, representations, planning applications, appeals and

expert witness, management and EIA, consultation, obligations and viability, due diligence

and briefs and scheme design

· Property & Facilities Management – property management, accounting services, facilities

management and service charge consultancy

· Valuation, Lease Advisory

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Cotswold Life visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Cotswold Life staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Cotswold Life account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

More from Out & about

As well as three days of action-packed racing and tradition, there’s plenty to do away from the course at this year’s November Meeting. Neil Phillips, The Wine Tipster, shares his 14 suggestions on how to make the most of your time at Cheltenham Racecourse

Read more

The Warwickshire town of Alcester is considered one of the best understood Roman settlements in the country. Tracy Spiers digs below the surface to discover its hidden jewels

Read more

Thanks to the impact of ground-breaking comedy This Country, the quiet market town of Northleach has become one of the Cotswolds’ hottest film locations. Katie Jarvis is sent to investigate

Read more
Tuesday, November 6, 2018

Stephen Roberts walks in the footsteps of the Oxford scholar who enjoyed attending parties dressed as a polar bear, and once chased a neighbour while dressed as an axe-wielding Anglo-Saxon

Read more
Tuesday, November 6, 2018

I send this postcard from Cirencester, complete with the discoveries and viewpoints from four members of my family – both the young and not so young

Read more
Tuesday, November 6, 2018

If you’re looking for things to do in the Cotswolds this month, we have gathered plenty of events for you to pop in your diary

Read more
Tuesday, November 6, 2018

One hundred years ago this month the guns fell silent, marking the end of what was to become known as The Great War. Stephen Roberts remembers the impact the war had on Cotswold lives from 1914-1918

Read more
Wednesday, October 31, 2018

Being a region so steeped in history, there are plenty of locations in the Cotswolds with spooky stories from over the years. From bloody executions, eerie apparitions and headless horsemen, we pick 23 of the most haunted locations throughout the Cotswolds to visit if you dare

Read more
Tuesday, October 30, 2018

New bat cams installed at Woodchester Mansion help study protected breeds while also becoming an added attraction for visitors. Jo Barber looks at the work of one of the UK’s foremost bat experts and the mansion’s valued volunteers

Read more
Tuesday, October 30, 2018

From an all-boy, all boarding prep school for just 30 pupils, to the quietly trailblazing yet still traditional school it is today – here is a snapshot of Beaudesert over its 110-year history

Read more
Tuesday, October 23, 2018

Of all the castles in the region, none have seen as much war, romance and royalty as Sudeley over its dramatic 1,000-year history. And with such a colourful and eventful past, it is easy to see why some people believe there could be spirits from bygone eras which still wander the halls and corridors to this day

Read more
Tuesday, October 23, 2018

Following a record year for ‘visitor giving’ donations via local businesses, applications are invited to fund conservation projects

Read more
Monday, October 15, 2018

What started as a business ploy by one Cotswold firm has developed into an inspirational garden

Read more
Monday, October 8, 2018

If a bit of English eccentricity is your thing, spend an enjoyable afternoon exploring the delightful follies of Faringdon

Read more

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

Topics of Interest

Food and Drink Directory A+ Education

Subscribe or buy a mag today

subscription ad

Local Business Directory

Property Search