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Gloucestershire Business News

6 Market Parade, Gloucester, Gloucestershire

On the instructions of Gloucester City Council.

The property is a self-contained retail unit with fully glazed frontage and has previously been used as a café.

The accommodation comprises the main retail area to the front with ancillary space to the rear. The specification is dated and includes painted plastered walls, suspended ceilings with inset spotlights and wooden floor.

Several of the previous occupier's fixtures remain in place including an extraction system and elements of the former commercial kitchen.

An EPC is being prepared.

Location:

The property is prominently situated on Market Parade, a short distance from Kings Square which together with the bus station area are undergoing significant redevelopment as the Kings Quarter.

The proposals include The Forum which will comprise more than 100,000 sq ft of Grade A space, apartments, retail, and leisure space. It is approximately 500m from Gloucester Cross and 200m from the train station.

Accommodation:

Approximate Net Internal Area.

Ground Floor

Zone A: 35.1 sq m (378 sq ft)

Zone B: 34.9 sq m (376 sq ft)

Zone C: 7.2 sq m (78 sq ft)

Mezzanine

Kitchen: 26.1 sq m (281 sq ft)

Total: 103.3 sq m (1,112 sq ft)

Rates:

The assessemnt presently appearing on the Valuation Office Agency website is as follows:

Rateable Value: £11,000

Rate payable in the £ 2021/2022: 0.499

Prospective occupiers are advised to check with the Local Authority to establish if they qualify for small business rates relief at this level.

Planning:

The property has been used as a cafe which falls within Class E (previously A3) of the Use Classes Order 1987.

Terms:

To let by way of a new lease for a term to expire no later than 4th July 2024. The lease is to be contracted outside the Security of Tenure provisions of the Landlord & Tenant Act 1954, Part II.

Service charges:

A charge will be levied by the Landlord to cover the costs associated with the upkeep and maintenance of the common areas.

VAT:

VAT will be applicable on the rent and other landlord's supplies.

Legal costs:

Each party to bear their own legal costs incurred in the transaction.

Contact:

Ash & Co 

Simon McKeag: 07737 691453

Harry Pontifex: 01242 255242

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