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Gloucestershire Business News

Ground floor shop, 29 Southgate Street, Gloucester

The property comprises a substantial three-storey Grade II* Listed Building with a self-contained ground floor shop unit. It is one half of a pair of former townhouses dating from the mid-18th Century.

The ground floor shop has a single glazed shopfront display with wood-framed fascia. Internally the premises is divided to provide a good size retail sales area with three storage rooms plus office area.

The premises further benefits from WC and kitchen felicity to the rear. Electricity and water utilities are connected to the property.

Location:

The property fronts the eastern side of Southgate Street within a pedestrianised section of the road and is situated 100 metres south from The Cross at the centre of Gloucester.

Gloucester Railway Station and Bus Station are approximately ½ a mile to the northeast. Situated within ½ a mile to the southwest is the Gloucester Docks and Gloucester Quays developments where there is a mix of leisure, cinema and 'outlet style' retail and residential property.

Accommodation:

(Approximate Net Internal area)

Retail Area: 47.38 sq m (510 sq ft)

Storage Rooms: 28.01 sq m (301 sq ft)

Office: 3.54 sq m (38 sq ft)

Kitchen: 1.89 sq m (20 sq ft)

Total: 80.82 sq m (869 sq ft)

Rent:

£14,500

Rates:

The Rateable Values listed on the Valuation Office Agency website are as follows:

Ground Floor Shop: £11,500

Rate in £ 2021/2022: 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:

Within Class E of the amended Use Classes Order 1987.

Terms:

Available by way of a new lease for a term of years to be agreed.

VAT:

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

Legal costs:

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

Contact:

Ash & Co 

Simon McKeag: 07737 691453

Harry Pontifex: 01242 255242

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