Javelin House was designed to Grade A standards and extends to a Net Internal Area of 52,626 sq ft arranged over ground, first and second floors.
The building is of steel frame construction with external elevations being a combination of brick and metal rain screen cladding. The windows are polyester powder coated aluminium.
Location
Gloucester Business Park sits between Gloucester and Cheltenham, adjacent to the M5 Motorway (Junction 11A) and the A417 Gloucester Swindon trunk road; the two major arterial routes for the region. The Park extends to approximately 275 acres and was developed by Arlington, one of the UK’s major specialist business park developers.
The site opened in 1998 and was quickly established as the region’s premier business location, unique in providing unrivalled accessibility, a superb environment and a full range of on-site retail and leisure amenities. The site was formerly the factory and test airfield for the Gloster Aircraft Company, famous for building the Hawker Hurricane during the 1940s and the Gloster Javelin during the 1950s. The airfield ceased to be operational in 1965 and Arlington began developing the Park in the early 1990s based on a mixed use outline planning consent allowing for the delivery of various uses.
To date, over 2.8 million sq ft of high-quality accommodation has been developed, including a range of Grade A office buildings, together with large distribution facilities and small industrial units. There are a significant number of high-profile occupiers based at Gloucester Business Park
Accommodation
Net Internal Area of 52,626 sq ft
Terms
Tenure Javelin House is held freehold under title GR400913 Car Park B is held freehold under title GR341935 Proposed Freehold Car Park Carve Out Upon completion of the sale, the title will be split, and the vendor will retain the land adjoining the car park as indicated in the adjacent plan
Covenant EDF Energy Nuclear Generation Ltd is a subsidiary of EDF Energy which employs over 12,000 people across the UK and is wholly owned by the Government of France. EDF Energy is Britain’s largest generator of zero carbon electricity. It has achieved this by providing fixed home energy tariffs with zero carbon electricity as standard whilst generating energy through a range of solar, hydro, wind and nuclear sources. In 2020, EDF Energy committed to helping the UK achieve Net Zero by 2050 in line with the UN’s Sustainable Development Goals, COP26 initiatives and the UK government’s Net Zero and Energy Security Strategies
Management A Management Company operates at Gloucester Business Park to carry out the management and maintenance of the Park’s common parts and amenity areas. The costs incurred in providing the services and administering the Management Company are recovered via an Estate Charge which is levied upon each freeholder according to the size of their ownership. Under the covenants of the lease, the tenant is responsible for covering this cost. These services are currently procured as part of a wider outsourced Property Management agreement which the Vendor will oversee post sale.
Environmental Credentials The property benefits from EPC B(35) and BREEAM Very Good ratings.
Capital Allowances Capital allowances may be made available to a qualifying purchaser by way of separate negotiation. Further information can be made available on request.
VAT The property is elected for VAT and it is, therefore, anticipated that the sale will be structured as a Transfer of a Going Concern
Specification
- LED lighting throughout
- Ground floor restaurant
- EPC rating B
- 35 Four pipe fan coil air conditioning
- Suspended ceilings, with a floor to ceiling height of 2,750mm
- WCs to each floor