19th October 2015
Gloucester’s Corolin Road industrial unit reverts to multi-occupancy terrace
Property consultants Alder King and Hicks Baker are marketing a terrace of four industrial/warehouse units on Corolin Road in Gloucester which have been returned to their original multi-occupancy format following a £500,000+ refurbishment by Chelsea Estates.
Originally built as individual units around 35 years ago, the whole 39,000 sq ft of accommodation was occupied for many years by a medical products company until it vacated the site last year.
Giles Blagden, Director of Chelsea Estates, said: “Recognising a gap in the market for smaller good quality units, the refurbishment of the property commissioned earlier this year to sub-divide the space into four units is due to be completed later this month.”
The property now provides two 13,000 sq ft units capable of further sub-division and two smaller units of 6,500 sq ft. All are available on new 10 year leases off a quoting rent of £5.50 per sq ft per annum exclusive.
Adrian Rowley, partner at Alder King’s Gloucester office, said: “While Gloucester has had very much needed new build development, there has been very little refurbished accommodation like this come to the market for many years. This reconfigured terrace will fill a different but just as important need in Gloucester’s industrial market.”
Units 1-6 Corolin Road sit within a self-contained plot with two access points off Corolin Road and benefit from excellent access to the Ring Road, the A38 and the Gloucester South West bypass.
More information is available from www.alderking.com/property-search or from Alder King’s Gloucester office on 01452 623290 or joint agents Hicks Baker on 0118 959 6144.