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Gloucestershire Business News

1-3 Eastgate Street, Gloucester

The property is a three-storey building located on a prime retail pitch benefiting ground floor retail accommodation with good frontage. The first floor was previously used as a café with staff welfare on the second floor. There is a basement suitable for storage.

Energy Performance Certificate: Awaiting.

Location details:

Road connections are excellent with easy access to the M5 Motorway via Junctions 11, 11A and 12. The property is prominently located on a prime retail pitch adjoining The Cross, where Northgate, Southgate, Eastgate and Westgate Streets converge, being the prime retail area.

Other nearby occupiers include Marks & Spencer, Topshop, Holland & Barrett, WHSmith, H&M, The Body Shop, Waterstones, and Clarks.

Accommodation:

All measurements are approximate Net Internal Areas.

Ground Floor: 57.6 sq m (620 sq ft)

First Floor: 56.8 sq m (611 sq ft)

Second Floor: 31.1 sq m (335 sq ft)

Basement: 35 sq m (377 sq ft)

Total: 180.5 sq m (1,943 sq ft)

Read more: Chocolate shop wraps up Gloucester store 

Terms:

Available by way of a new lease for a term of years to be agreed.

Rent:

£57,500 per annum exclusive.

Business Rates:

The properties require separate assessments. Interested parties should make their own enquiries to the local billing authority to ascertain the exact rates payable. A change in occupation may trigger an adjustment of the rating assessment.

VAT:

Under the Finance Acts 1989 and 1997, VAT may be levied on the rent. We recommend that the prospective tenant establish the implications before entering into any agreement.

Legal Costs:

Each party is to be responsible for their own legal costs incurred in the transaction.

Contact:

Alder King Property Consultants

Vicki Grimshaw

01452 627131

vgrimshaw@alderking.com 

Adrian Rowley

01452 627133

arowley@alderking.com 

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