29 Westgate Street, Gloucester
The property is a mid-terrace building with accommodation over 3 floors with retail, WCs and storage on the ground floor; a secondary retail area, staff facilities and store on the first floor and further storage on the second floor. There are 2 staircases providing access to the upper floors.
The retail unit has a fully glazed frontage and is accessed off Westgate Street with an entrance to the rear.
The property is situated in a prominent position on Westgate Street within close proximity of the Cathedral and approximately 100m from Gloucester Cross, which is traditionally regarded as the City centre.
Occupiers in the immediate area include McDonalds, The Works, British Heat Foundation and there are a number of banks and building societies.
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).
Approximate Net Internal area
Ground Floor: 127.05 sq m (1,368 sq ft)
First Floor: 93.82 sq m (1,010 sq ft)
Second Floor: 55.63 sq m (599 sq ft)
Total: 276.50 sq m (2,977 sq ft)
The assessment currently appearing in the Valuation List is as follows:
Rateable Value: £25,250
Rate in the £ 2020/2021: 0.499
Prospective occupiers should check with the Local Authority to establish any transitional relief that may be applicable.
Within Class E (formerly Class A1) of the Use Classes Order 1987.
The property may suit a range of uses, subject to the necessary consents being obtained.
The property is offered freehold with vacant possession.
Under the Finance Acts 1989 and 1997, VAT may be levied on the price.
We recommend that prospective purchasers establish the VAT implications before entering into any agreement.
Each party to bear their own legal costs incurred in the transaction.
Simon McKeag: 07737 691453
Harry Pontifex: 01242 255242
Fraser Mitchell: 01452 300433
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