Acting on behalf of Hylton Group Limited, Colliers International has disposed of the former Renault and Nissan dealership, on the Manor Road, Cheltenham, for £1.9 million. The unit has been sold to Bence, Gloucestershire’s leading independent builder’s merchant, which plans to convert and reopen the store later this year.
The property, which extends to approximately 19,689 sq ft, across 1.21 acres of land, is situated within an established commercial location, close to Gallagher Retail Park, which hosts a number of national retail occupiers including Next; Hobby Craft; Boots; DFS; Sports Direct and Oak Furniture Land.
John Roberts, Head of Automotive and Roadside at Colliers International commented: “This sale to Benchmark Building Supplies reveals that there is a good level of interest for sites coming out of the sector for alternative uses.
“The subject property is located fronting Manor Road, which is accessed via the Tewkesbury Road (A4019), a main arterial route within Cheltenham which links directly to the M5 Motorway so will benefit from a lot of passing traffic and trade.”