Javelin House at Gloucester Business Park has been put on the market for £19,350,000.

The building is the registered headquarters of EDF Energy Nuclear Generation and home to hundreds of staff who moved there as part of the company's relocation from Barnwood in 2021.

EDF has had a presence in the region since the 1970s. EDF Energy Nuclear Generation is a subsidiary of EDF Energy which employs over 12,000 people across the UK and is wholly owned by the government of France.

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The division operates a total of nine nuclear power stations generating over 20% of the UK’s electricity. These include the £33bn Hinkley Point C in Somerset; the first nuclear power station to be built for more than 20 years, which will have the capacity to generate enough low carbon energy to power 6 million homes.

When EDF moved into the park it agreed to three buildings -Javelin House, Charlton Court and Valiant Court. The freehold of Javelin House is now being marketed for sale for offers in excess of £19.35m.

Estate agents Alder King, who are marketing the site, said: "Assuming purchaser's costs of 6.75%, an acquisition at this level reflects an attractive net initial yield of 7.75% and a low capital value of £297 per sq ft on Javelin House only."

Alder King said Gloucester Business Park has experienced 65% office rental growth during the past 10 years, adding that the upwards trend was expected to continue due to restricted supply and "unprecedented low levels" of void space.

The brochure for Javelin House detailed: "There has been no availability of Grade A space on the Park since the letting of Javelin House. However Valiant Court, a nearby 30,000 sq ft building will become available in early 2024 following refurbishment."

According to Companies House, Javelin House was last sold in December 2022 for £16.3m.

If it goes ahead, the sale should not affect EDF which in total occupies 90,000 sq ft of space across the park and has 1,200 staff in Gloucester-making it one of the city's biggest employers. Alder King said the company has a 10 year lease for the building and a neighbouring carpark which lasts until September 2032.