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Gloucestershire Business News

Gloucester - 126-128 Eastgate Street

Description:

The property comprises a three storey mid-terrace building with retail accommodation on the ground floor with two residential flats above. It is constructed of solid brick walls with rendered elevations with a pitched slate roof.

Originally 2 shops, the ground floor has been combined to create a large retail area to the front with an office, workshops, storage and WC to the rear. Separate services are available in both units.

The flats are both self-contained with access provided from the rear and each comprises 2 bedrooms, living room, kitchen and bathroom.

The Energy Performance ratings for the property are as follows:

Place - Rating - Certficate Reference No.

Retail area - D-80 - 0910-9979-0396-7470-3054

Flat over No. 126 - 1 - 8507-7726-0440-0997-4996

Flat over No. 128 - 21 - 526-7221-4250-0715-1996

Location details:

The property is situated on Eastgate Street, one of the city's four main gate streets, approximately ½ mile from Gloucester Cross, which is traditionally regarded as the centre of the city. It is only 250 metres from the prime shopping area, although this part of Eastgate Street is a secondary retail area with a number of public houses and take away food outlets.

Accommodation:

Approximate net internal

Ground floor - 126 Total 62.89 sq m (677 sq ft)

Ground floor - 128 Total 68.33 sq m (736 sq ft)

Rates:

The assessment currently appearing in the Valuation List is as follows:

Rateable Value: £7,300

Rate in £ 2017/2018: 0.479

Prospective occupiers should check with the Local Authority to establish any transitional relief that may be applicable.

Planning:

The ground floor has been used for many years for general retail which falls within Class A1 of the Use Classes Order 1987. The upper floors have been used as residential which falls within Class C3.

Terms:

The property is offered freehold with vacant possession on the ground floor and subject to two Assured Shorthold Tenancies on the upper floors.

VAT:

The property has not been elected for VAT purposes.

Legal Costs:

Each party to bear their own legal costs incurred in the transaction.

Contact:

Ash & Co 

Simon McKeag 07737 691453

Rebecca Rigg 01452 300433

Joint Agent: 52 Degrees North

Contact: Julian Capewell

Tel: 01242 261424

Email: office@52degreesnorth.co.uk 

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