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Gloucestershire Business News

45 Southgate Street, Gloucester

The retail shop consists of ground floor retail and ancillary storage and office accommodation in the basement. Kitchen and WC facilities are provided at basement level.

The retail area has a combination of vinyl and laminate tiles flooring with painted plaster and exposed brickwork walls. There is a suspended ceiling with inset category II fluorescent lights.

Within the basement there is carpet covering a concrete floor with paint plaster walls and ceiling throughout with fluorescent light fittings. The kitchen has fitted units and a single stainless steel drainer unit.

The property has an EPC rating D-79. Certificate Ref No: 9924-3082-0673-0000-2021.

Location:

The property, which fronts the western side of Southgate Street, within a pedestrianised section of the road, is situated at the southern end of the commercial district of the City centre, just north of its junction with the A4301, Commercial Road, and Parliament Street.

The immediate area, which is considered secondary/tertiary in terms of its retail element, has a mixed commercial usage which, in the main, include retail and offices, with restaurants and public houses. Occupiers in the vicinity include numerous small independent traders.

Accommodation:

Approximate net internal area

Ground floor: 71.53 sq m (770 sq ft)

Basement: 45.45 sq m (489 sq ft)

Total: 116.98 sq m (1,259 sq ft)

Rent:

£12,000

Rates:

A search on the Valuation Office Agency website has revealed the following entries:

Rateable Value: £4,900

Rate in £ 2022/2023: 0.499

Prospective occupiers are advised to make their own enquiries of the Local Authority to establish the position in respect of transitional relief.

Planning:

General Retail which falls within Class E (previously Class A1) of the Use Classes Order 1987. The property may suit alternative uses subject to the necessary consents being obtained.

Terms:

The property is offered by way of a new lease for a minimum term of 12 months.

Service charges:

A service charge may be levied to the tenant to cover the costs associated with maintaining the common parts of the property.

Further information is available from the agents.

VAT:

Under the Finance Acts 1989 and 1987, VAT may be levied on the letting price.

We recommend that prospective occupiers establish the VAT implications before entering into any agreements.

Legal costs:

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

Contact:

Ash Chartered Surveyors 

Simon McKeag: 07737 691453

Harry Pontifex: 01242 255242

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