The Marshes

Key Features

• Located in the historic market town of Coleford, the centre of the Forest of Dean in the Wye Valley.
• Coleford is positioned twenty miles south west of Gloucester, twelve miles north of Chepstow and thirty miles north of Bristol.
• A detached 21,433 sq ft (1,991.2 sq m) foodstore with demised car parking.
• Let on an FRI lease to the Midcounties Co-operative Ltd until 22nd April 2040, providing over 14.3 years unexpired term.
• The current passing rent is £270,000 pa, which reflects an affordable rent of £14.21 psf. The next rent review is to open market value on 23rd April 2030.
• Central site adjacent to the local retail pitch, Market Square, of 1.22 acres (0.49 hectares).
• Central site adjacent to the local retail pitch, Market Square, of 1.22 acres (0.49 hectares).
• Attractive covenant – Midcounties Co-operative Limited.
• The property has an EPC Rating of B.
• Freehold

Large foodstore site with substantive car parking and limited surrounding foodstore competition

The property occupies a substantial site of 1.22 acres (0.49 hectares) within the centre of Coleford. The store comprises 21,433 sq ft (1,991.19 sq m) and is predominantly at ground floor with a small ancillary area at first floor and with a demised surface car park. The store can be accessed via the car park entrance on Railway Drive or Lord’s Hill as well as pedestrian access leading through from Market Square. The store is serviced at the rear, accessed via a separate entrance along Railway Drive. The servicing is secure and dedicated and access is separate from the customer car park, which avoids conflict between delivery vehicles and customers cars. The store was substantially extended and refitted in 2011 to increase the net sales area and provide a new customer entrance. The store benefits from demised surface car parking. In addition, there is a local authority car park adjacent to the property which the customers have the right to use. Parking is free for customers. The property is situated in the centre of the town close to the High Street and just off the Market Square, the historic heart of the retail pitch of the town where there is a variety of national and independent shops, cafés, restaurants, and traditional pubs. The property benefits from a customer entrance via the car park, accessed via Railway Drive, just off the High Street, as well as pedestrian access off Market Square.

Location

Coleford is a historic market town located within the Wye Valley, Gloucestershire, on the border between England and Wales. Coleford sits at the centre of the Forest of Dean and is often a base for visitors, anecdotally known by locals as the “Pride of the Forest”. It is located approximately 20 miles (32.3 km) south west of Gloucester, 12 miles (19.6 km) north of Chepstow and 30 miles (48 km) north of Bristol.