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Gloucestershire Business News

Block B, Units 1 & 2 Friars Orchard, Brunswick Road, Gloucester

The units are located within the ground floor of a four-storey building providing predominantly residential accommodation.

Unit B1 was previously used as the site office for the wider development and has been fitted out to include flooring, panelled walls, kitchenette, and WC.

Unit B2 has been finished as a shell available for tenants fit out.

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 B1: A (20)

Unit B2: A (21)

Location:

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.

Accommodation:

All measurements are approximate Net Internal Areas.

Unit B1: 64.66 sq m (696 sq ft)

Unit B2: 76.18 sq m (820 sq ft)

Services:

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.

Terms:

The units are available on new effectively full repairing and insuring leases for terms to be agreed. Alternatively, a long leasehold can be purchased.

Rent:

Unit B1 (Under Offer): £11,000 per annum exclusive

Unit B2: (Available): £12,500 per annum exclusive.

Price:

Unit B1 (Under Offer): £110,000 plus VAT.

Unit B2: (Available): £125,000 plus VAT.

Business Rates:

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. The Code for Leasing Business Premises in England and Wales 2007 Please see www.leasingbusinesspremises.co.uk.

VAT:

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

Legal costs:

Each party is to be responsible for their own legal costs incurred in the transaction.

Contact:

Alder King Property Consultants 

Giles Nash

01452 627131

gnash@alderking.com 

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