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Gloucestershire Business News

8a Eastgate Street, Gloucester

The property consists a mid-terrace two storey retail unit with ancillary accommodation.

The external frontage is of curtain wall construction, consisting of a single glazed shop frontage on the ground floor and decorative concrete cladding on the remaining upper floors, with a flat roof.

Internally the property consists of an open plan retail area, ancillary storage, and WC on the ground floor with staff and training rooms on the first floor, accessible via a single staircase.

The retail space has a suspended ceiling with integral spotlights and air conditioning.

The property has an Energy Performance rating of E-113. Certificate Ref. No. 0260-9943-0368-3390-5070.

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, 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:

Approximate Net Internal area

Ground Floor: 188.30 sq m (2,027 sq ft)

First Floor: 41.86 sq m (450 sq ft)

Total: 230.16 sq m (2,477 sq ft)

Rent:

£70,000

Rates:

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

Rateable Value: £97,500

Rate in £ 2019/2020: 0.504

Prospective occupiers should check with the Local Authority to establish any transitional relief that may be applicable.

Planning:

The property has been used for general retail which falls within Class E (previously Class A1) of the Use Classes Order 1987.

Terms:

The property is offered by way of a new FRI lease for a term to be agreed.

VAT:

All figures are exclusive of VAT where applicable.

Legal costs:

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

Contact:

Ash Chartered Surveyors 

Simon McKeag: 07737 691453

Fraser Mitchell: 01452 300433

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