Prime retail investment let to Dollond & Aitchison Ltd (now Boots Opticians).

The property comprises a mid-terrace building of brick construction under a pitched tiled roof which is protected by a parapet wall. 

The accommodation is over 3 floors with the main retail area and an office on the ground floor with consulting rooms and staff facilities on the first floor. There is no access to the second floor at present.

It mainly has painted plastered walls, suspended ceilings with inset lighting and floor coverings. The retail area has a fully glazed frontage and comfort cooling.

The property has an Energy Performance rating of D-94. Certificate Ref. No. 0960-9983-0357-0390-1094.

Location:

The property is situated in a prominent position on Eastgate Street within close proximity of Gloucester Cross, which is traditionally regarded as the City centre. 

Occupiers in the immediate area include Marks & Spencers, Top Shop, Clarks, Waterstones, EE, Thorntons and Lloyds Bank.

Gloucester is well connected to the motorway network, being served by three junctions of the M5; junction 11 provides access via the A40 (3 miles), junction12 to the south (5 miles) and junction 11a (3 miles) connects to the Brockworth Bypass, Cirencester/Swindon and the M4 motorway at junction 15 (34 miles).

Accommodation:

The approximate net internal areas are as follows:

Ground floor: 57.59 sq m (620 sq ft)

First floor: 54.73 sq m (589 sq ft)

Total: 112.32 sq m (1,209 sq ft)

Price: £300,000

Rent: £20,000

Rates:

The assessment currently appearing in the Valuation List is as follows:

Rateable Value: £17,500

Rate in £ 2023/2024: 0.499

Prospective tenants should contact the Local Authority to verify the actual rates payable and to establish any transitional relief that may be applicable.

Planning:

The property has been used for general retail which falls within Class E of the Use Classes Order 1987.

Terms:

The property is offered freehold with vacant possession or by way of a new lease for a term to be agreed. The price and rent quoted are not negotiable.

VAT:

The property is elected for VAT.

Legal costs:

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

Contact:

Ash Chartered Surveyors 

Simon McKeag

07737 691453

simon@ashproperty.co.uk