8 Eastgate Street, Gloucester (Former Topshop premises)
The property comprises a mid-terraced, four storey retail building which is believed to be of concrete frame and steel construction, with brick elevations, incorporating full height plate glass display windows to the ground floor and metal framed glazed windows on the upper floors, all beneath flat roofs with asphalt coverings.
Internally, the property is arranged with retail space on the ground and first floors with changing rooms, ancillary storage, an office and staff facilities. There is a lift providing access to the first floor.
EPC Rating is E (113).
The property is situated in a prominent position on Eastgate Street within close proximity of Gloucester Cross, which is traditionally regarded as the City centre. Occupiers in the immediate area include Marks & Spencers, Clarks, Waterstones, EE, and Lloyds Bank.
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
Retail zone a: 61.3 sq m (660 sq ft)
Retail zone b: 61.3 sq m (660 sq ft)
Retail zone c: 61.3 sq m (660 sq ft)
Remaining retail zone: 179.2 sq m (1,929 sq ft)
Remaining retail zone: 44.3 sq m (477 sq ft)
Retail area: 237.7 sq m (2,559 sq ft)
Internal storage: 174.9 sq m (1,883 sq ft)
Office: 29.88 sq m (322 sq ft)
Internal storage: 55.22 sq m (594 sq ft)
Total: 905.1 sq m (9,742 sq ft)
The assessment currently appearing in the Valuation List is as follows:
Rateable Value: £151,000
Rate payable in the £: 0.499
Prospective occupiers should check with the Local Authority to establish any transitional relief that may be applicable.
The property has been used for general retail which falls within Class E (previously Class A1) of the Use Classes Order 1987.
The property is offered by way of a new FRI lease for a term to be agreed.
All figures are exclusive of VAT where applicable.
Each party to bear their own legal costs incurred in the transaction.
Simon McKeag: 07737 691453
Harry Pontifex: 01242 255242
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