Block A, Units 1-3 Friars Orchard, Brunswick Road, Gloucester
The unit is located within the ground floor of a four-storey building providing predominantly residential accommodation.
The accommodation is finished as a shell available for tenants fit out. The property is available as a whole or can be subdivided to provide two smaller units.
The properties benefit from A3 restaurant use with the opportunity to provide outdoor seating to the front elevation. Development in the immediate area could potentially provide a total of over 200 residential units.
Energy Performance Certificate:
Unit A1: A (22)
Unit A2: A (20)
The property is located within Gloucester City Centre in close proximity to the main retail pitch where Eastgate Street, Northgate Street, Southgate Street and Westgate Street converge, commonly known as The Cross.
The city's train and bus stations are also within close walking distance, as are some of the city's more prestigious office occupies such as Ecclesiastical and the NHS.
All measurements are approximate Net Internal Areas.
Unit A1: 56.9 sq m (612 sq ft)
Unit A2: 62.65 sq m (674 sq ft)
Total: 119.55 sq m (1,287 sq ft)
We are advised that all main services are connected to the premises and confirm that we have not tested any of the service installations and any occupier must satisfy themselves independently as to the state and condition of such items.
The accommodation is available on a new effectively full repairing and insuring lease for a term to be agreed. Alternatively, a sale of the long leasehold may be considered.
Unit A1: £9,500 per annum exclusive
Unit A2: £10,500 per annum exclusive
Unit A1: £95,000 plus VAT
Unit A2: £105,000 plus VAT
Interested parties should make their own enquiries to the Local Billing Authority to ascertain the exact rates payable as a change in occupation may trigger an adjustment of the ratings assessment.
Under the Finance Acts 1989 and 1997, VAT may be levied on the rent/sale price. We recommend that the prospective tenants/purchasers establish the implications before entering into any agreement.
Each party is to be responsible for their own legal costs incurred in the transaction.
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