Freehold Office Investment with Future Development Potential
Substantial modern office building
Total approx. area of 1,718.00 sq. m. (18,492 sq. ft) over ground, first and second floors
Site area of 0.52 Ha (1.28 Acres)
Providing 6 office suites although capable of further subdivision
Includes 98 car parking spaces
Future development potential (subject to consents)
Immediate Asset Management Opportunities
Situated within a well-established business and administrative location
Lot 13
Auction 17th September 2026
Rent £177,168 per Annum Exclusive Plus Regus Managed Client Agreement Income (4)
Status Available
Guide* £1,000,000
Sector Office, Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
8 miles south-west of Cheltenham, 29 miles south of Worcester, 34 miles north-east of Bristol
Roads
M5 (J12), A38, A430, A40
Rail
Gloucester Railway Station (direct services to London Paddington in approx. 1hr 39 mins)
Air
Bristol Airport
Situation
Gloucester is the administrative centre of Gloucestershire with excellent road communications, being located at the intersection of the A40 and A438, providing a direct link to the M5 at Junctions 11, 11A and 12. The property is prominently located at the junction of Olympus Park and Bristol Road (B4008), providing the entrance point to the Olympus Park estate which is home to key commercial and government occupiers.
Tenure
Freehold.
Location
Miles
8 miles south-west of Cheltenham, 29 miles south of Worcester, 34 miles north-east of Bristol
Roads
M5 (J12), A38, A430, A40
Rail
Gloucester Railway Station (direct services to London Paddington in approx. 1hr 39 mins)
Air
Bristol Airport
Situation
Gloucester is the administrative centre of Gloucestershire with excellent road communications, being located at the intersection of the A40 and A438, providing a direct link to the M5 at Junctions 11, 11A and 12. The property is prominently located at the junction of Olympus Park and Bristol Road (B4008), providing the entrance point to the Olympus Park estate which is home to key commercial and government occupiers.
Tenure
Freehold.
Description
The property comprises a substantial office building arranged over ground, first and second floors currently subdivided into 6 office suites. The property has a total Net Internal floor area of 1,718.00 sq. m. (18,492 sq. ft) and a Gross Internal floor area of 2,192.60 sq m (23,601 sq ft), benefitting from 98 car parking spaces and a site area of 0.52 Ha (1.28 Acres).
The property may be suitable for future change of use potential subject to obtaining the necessary consents.
VAT
VAT is applicable to this lot.
EPC
Band C.
Description
The property comprises a substantial office building arranged over ground, first and second floors currently subdivided into 6 office suites. The property has a total Net Internal floor area of 1,718.00 sq. m. (18,492 sq. ft) and a Gross Internal floor area of 2,192.60 sq m (23,601 sq ft), benefitting from 98 car parking spaces and a site area of 0.52 Ha (1.28 Acres).
The property may be suitable for future change of use potential subject to obtaining the necessary consents.
VAT
VAT is applicable to this lot.
EPC
Band C.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground
Office
431.20
(4,641)
ARTHUR J GALLAGHER (UK) LITD
5 years from 28/06/2026 (1)
£61,493
Ground
Office
193.80
(2,086)
DEVELOPMENT UK 37 LIMITED t/a Regus
Managed Client Agreement for a term of 10 years from 30/10/2023 (4)
- (4)
First
Office
336.70
(3,624)
BRUTON KNOWLES LTD
5 years from 08/04/2026 (2)(7)
£50,000
First
Office
288.30
(3,103)
VIRGATE ACCOUNTS LTD
5 years from 02/08/2022 (7)
£39,675 (3)
Second
Office
180.60
(1,944)
BRACE CREATIVE AGENCY LTD (t/a Brace Design)
6 years from 25/12/2024 (5)(7)
£26,000 (6)
Second
Office
287.40
(3,094)
DEVELOPMENT UK 37 LIMITED t/a Regus
Managed Client Agreement for a term of 10 years from 30/10/2023 (4)
- (4)
Total
1,718.00
(18,492)
£177,168 Plus Regus Managed Client Agreement Income (4)
(1) The lease provides for a Tenant option to determine on 27/06/2029. (2) The lease provides for a mutual option to determine on 08/04/2029. (3) The landlord holds a rent deposit of £11,903. (4) A Managed Client Agreement is in place between the Landlord and Development UK 37 Ltd t/a Regus for a term of 10 years from 30/10/2023. For the 5 months to May 2026, the Landlord received £17,266 in income. Further information is available in the legal pack. (5) The lease provides for a mutual option to determine on 23/12/2027. (6)The landlord holds a rent deposit of £6,500 + VAT. (7) The lease is outside of the security of tenure provisions of the Landlord and Tenant Act 1954.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
