15,067.60 sq ft(1,399.83 sq m)
Excess of £1,800,000

Gateway Centre, Cotswold Water ParkSpine Road East, South Cerney, Cirencester

    Key features

    • The property sits on a 2.7 acre (1.09 ha) site on the shores of Lake 6.
    • Currently fully let and occupied with a contracted rent of £151,934 pa.
    • The occupational leases offer an AWAULT of approximately 8.50 years.
    • Over 60% of the contracted rent secured against Cotswold Outdoor
    • Immediate reversion potential through turnover rent on Café lease
    • Low site density offers future development potential subject to planning.

    The property consists of a 2.7 acre (1.09 ha) site, comprising Cotswold Outdoor retail store, Café /Visitor Centre and first floor office accommodation.

    About this property

    • The Cotswold Outdoor store comprises a two storey detached retail warehouse of steel framed construction, timber clad elevations incorporating double glazing completed in a barn style. Internally the unit has been fitted out in the Cotswold Outdoor corporate style. The ground floor accommodation is mostly set aside as sales area, fitting rooms and tills as well as some staff accommodation. The first floor offers another floor of sales with store rooms and additional mezzanine providing a smaller sales area and plant room. The building has an A1 retail planning consent. The Café and visitor centre is housed in a ‘dog leg’ shaped building predominantly set over a single storey. External elevations are timber clad with an exposed timber cruck frame internally. The southern elevation is fully glazed with outdoor terrace and seating overlooking the lake. The café seats 80 people inside and an additional 30 outside and holds D1 planning consent. Within the Café/Visitor centre building is some first floor office accommodation with a separate access to the rear as well as associated signage. This is let to Orion Holidays. The buildings benefit from a large car park featuring a mix of coach, car and disabled parking, totalling approximately 137 spaces as well as cycle racks.

    Local information

    • The ‘Gateway Centre’ is situated at the eastern end of the Cotswold Water Park, a nationally recognised destination for outdoor leisure activity within the heart of the Cotswolds. It is accessed directly from the
    • A419 dual carriageway at the B4696 exit (Spine Road) which links to the M4 in the south and the M5 via Cirencester in the north.
    • The property lies between the villages of South Cerney and Cerney Wick and is located approximately 5 miles (8 km) south west of Cirencester and approximately 12.5 miles (20 miles) North East of Swindon.
    • The Cotswold Water Park covers more than 40 square miles (10,000 ha) and straddles the borders of Gloucestershire, Wiltshire and Oxfordshire. It is home to 150 lakes and is a recognised tourist attraction that is visited by locals and overseas visitors alike.

    Additional information

    • The property is fully let to three tenants at a total contracted rent of £151,934 per annum. The leases offer a Weighted Average Unexpired Lease Term of approximately 8.5 years to expiry (8.25 years to the break).
    • A summary of the tenancy position is set out within the brochure.

    Energy performance

    Cotswold Outdoor - D-79 Gateway Centre (Grnd) - D-93 Gateway Centre (1st) - C-51

    Available space

    Cotswold Outdoor BuildingGateway Centre Ground and Part 1stGateway Centre 1st floor back office