1 Longsmith Street, Gloucester
The property is a two-storey building located adjacent to a large pay and display car park. Internally the property provides ground and first floor open plan accommodation, previously used as a showroom.
There is a small kitchen area and toilets to the rear of the ground floor. There is also an additional rear courtyard only accessible from the property.
The property has recently been extensively refurbished externally and internally and has been left in a shell form ready for the next tenant's fit out.
Energy Performance Certificate: The building has been awarded an Energy Performance Asset Rating of C (51).
The property is located in the heart of Gloucester city centre, which is approximately 9 miles west of Cheltenham and 35 miles north of Bristol with excellent access to the motorway network available from Junctions 11A and 12 of the M5.
Longsmith Street is situated close to the cathedral and is approximately half a mile from the prime retail area centred around the cross where Northgate, Southgate, Eastgate and Westgate Streets converge. Longsmith Street can be accessed from Southgate Street.
All measurements are approximate Gross Internal Areas.
Ground Floor: 313.25 Sq m (3,372 Sq ft)
First Floor: 290.89 Sq m (3,131 Sq ft)
Total: 604.78 Sq m (6,503 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 property is available on a new full repairing and insuring lease on terms to be agreed.
£47,500 per annum exclusive for the whole premises.
Consideration given to letting on a floor by floor basis.
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. We recommend that the prospective tenants establish the implications before entering into any agreement.
Each party is to be responsible for their own legal costs incurred in the transaction.
Alder King Property Consultants
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