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Gloucestershire Business News

48 Westgate Street, Gloucester

There is office and storage accommodation on the ground floor, and a kitchenette, WC and shower on the first floor. The second floor provides storage and or workshop space.

Business parking permits are available from Gloucester City Council, however no allocated car parking to the building.

Energy Performance Certificate: The property has been awarded an Energy Performance Asset Rating of D (89).

Location:

The property occupies an excellent position within a pedestrianised section of Westgate Street.

The property is adjacent to KFC and close to other key occupiers such as McDonalds, William Hill and O2, together with a number of independent retailers.

Gloucester bus and train stations are approximately 0.5 miles away.

Gloucester is a historic Cathedral City conveniently situated 10 miles west of Cheltenham, and 35 miles north east of Bristol.

Accommodation:

Ground Floor Retail: 55.75 sq m (600 sq ft)

Ground Floor Store: 16.53 sq m (178 sq ft)

First Floor Retail: 44.42 sq m (478 sq ft)

Second Floor: 25.65 sq m (276 sq ft)

TOTAL: 142.35 sq m (1,532 sq ft)

Terms & Rent:

To let on a new FRI lease on terms to be agreed at an initial rent of £32,000 per annum exclusive.

Consideration may also be given to a sale of the freehold. Price upon application.

Business Rates:

The Valuation Office Agency website shows a Rateable value of £13,500.

Business rates relief might be available, and any interested parties should make their own enquiries to Gloucester City Council to ascertain the exact rates payable.

A change in occupation may trigger an adjustment of the rating assessment. www.voa.gov.uk 

VAT:

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

Legal costs:

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

Contact:

Alder King Property Consultants

Giles Nash

01452 623290

07503 017 301

gnash@alderking.com 

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