Cogent Real Estate advised LondonMetric in an off market acquisition of a modern single let warehouse on Cleeve Business Park, Cheltenham.The property comprises a detached purpose built Industrial unit extending to 53,438 sq ft on a site of 4.1 acres.

The property is let to Ontic Engineering & Manufacturing UK Limited on a new 25 year lease expiring 28 December 2042, the lease is guaranteed by BAA Holdings Ltd. There are fixed rental uplifts every 4 years compounded annually at 3%.

For further information please contact Gerry Connolly
Gerry Connolly
0207 369 4000
07557114583
gc@cogentre.co.uk