Summary
The Ford dealership in Cheltenham is for sale for £2.87m. The site at Hayden Road, close to Tewkesbury Road and Junction 10 of the M5, which is on the market with Alder King, has a long history as a car dealership. It is currently let to Vertu Motors and brings in an annual rent of £214,000, with another 8.5 years left to run on the lease.
Details
The two-acre site includes the 17,202 sq ft dealership with showroom, workshop and bodyshop and has display parking for around 340 cars. It is close to Cheltenham’s motor retail and trade counter businesses at Kingsditch and along Tewkesbury Road. The existing buildings occupy just 20% of the overall site area, with potential for a variety of alternative uses in the future, subject to the necessary planning consents.
Writing on LinkedIn, Oli Stretton, partner at Alder King , said: “Positioned adjacent to Aldi and the A4019 with excellent access to the M5, the property is also set to benefit from significant investment in the area, including the M5 J10 upgrade and the emerging Golden Valley cyber and technology campus.”
Report source: Punchline Gloucester
