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Lease Surrender and Sale, Barnett Way

JUNE 2012

Croudace Properties has sold the freehold interest in a modern 9,500 sq ft industrial unit with high office content at Barnett Way, Gloucester, to an owner-occupier. The property is detached on its own plot with excellent parking in the established commercial area of Barnwood Fields.

The transaction was facilitated by a simultaneous surrender of an existing occupational lease as the property was surplus to the tenant’s requirements.

“The combination of the surrender premium and the sale price gave us an opportunity to maximise our return from the property,” said Neil Scott, Director of Croudace. “The rationalisation of our portfolio continues to benefit from demand from owner-occupiers for smaller properties in good locations”.


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