John Deere House is located within Meteor Court on an established mixed commercial location on the north east edge of the city. It is located in the Barnwood Fields development and is adjacent to the A417 bypass. Barnwood Fields is a popular office and industrial location and it sits between Gloucester and Cheltenham with excellent access to both major local centres as well as direct dual carriageway access to junctions 11 and 11a of the M5 motorway. Meteor Court is a strong commercial location with other firms including Pitt Godden & Taylor in Ambrose House and Thinkproject in Welland House. The surrounding occupiers include Barclays Bank, GCHQ, Lloyds Banking Group, TSB, Booker Wholesale and a Sainsbury superstore
Location
Gloucester is the county city of Gloucestershire and is served by the M5 motorway which runs to the east of the city, south to Bristol and north to the west Midlands. The M5 also connects with the M4 just north of Bristol. The A38 runs north-south through Gloucester connecting the city with Tewkesbury and Bristol, with the A40 connecting the city to Cheltenham and Oxford. Gloucester Railway Station provides regular services to London Paddington, Cheltenham Spa, Bristol Temple Meads and Cardiff Central. Birmingham and Bristol airports are approximately a one hour drive to the north and south respectively. Both airports provide extensive UK and European flight schedules, with Birmingham offering flights to over 140 destinations.
Accommodation
Ground Reception 188 sq ft (17.5 sq m )
Ground 2,639 sq ft (245.2 sq m )
First 2,749 sq ft (255.4sq m )
Second 2,614 sq ft (242.9 sq m )
Total 8,190 sq ft (761.0sq m )
Terms
Tenure Freehold EPC The EPC rating is 92D.
Data Room Access to the data room is available on request.
VAT The property has been elected for VAT and this will be payable on the purchase price or dealt with by way of a TOGC.
AML A successful bidder will be required to provide relevant information to satisfy AML requirements when Heads of Terms are agreed.
Proposal We are instructed to seek offers in the region of £1,090,000 (One Million and Ninety Thousand Pounds) reflecting a net initial yield of 8.00% assuming purchasers costs at 5.84%.
A purchase at this level would reflect a capital value of £133 per sq ft.
Specification
• Fully let office investment
• Detached three storey building totalling 8,190 sq ft
• Excellent communication links being two miles from M5 (J11) and three miles from Gloucester city centre
• Highly desirable office location with nearby occupiers including NHS, Lloyds Finance, Barclays, EDF, GCHQ and TSB
• Let to the strong covenants of John Deere Bank and Roke Manor Research Ltd