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Gloucestershire Business News

Gloucester - Retail Unit, 2 Hare Lane

Description:

The premises comprise a three storey building with retail premises on the ground floor and office accommodation on the first and second floors which are accessed via a separate entrance. These are not included.

The subject accommodation is located at ground floor and comprises retail sales with WC and kitchenette and also benefits from a substantial frontage. There is no car parking included with the premises, however, a 100 space public NCP car park is located at the end of Hare Lane.

Location details:

Northgate Street connects the A430 via Worcester Street which, in turn, provides easy access to Junction 11A of the M5 motorway, 4 miles distant via the A403 London Road. Gloucester lies 8 miles east of Cheltenham via the A38 and A40 and is 28 miles north of Bristol. The City has regular train services to Bath, Bristol and Birmingham and Gloucester Airport is only a ten minute drive.

The property is located on the corner of Northgate Street, close to the centre of Gloucester's shopping area with neighbouring occupiers including Sainsburys, Wilkinsons and a number of retail shops, banks and public houses.

Accommodation:

The premises comprises the following approximate net internal areas:

Net frontage: 12.58 m (41 ft)

Shop frontage: 12.98 m (42 ft)

Shop depth: 7.15 m (24 ft)

Sales area: 66.4 sq m (715 sq ft)

Kitchenette: 2 sq m (21 sq ft)

Rates:

A search on the Valuation Office Agency website has revealed the following entry:

Rateable Value: £8,400

Rate in the £ 2017/2018: 0.479

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

Planning:

General Retail which falls within Class A1 of the Use Classes Order 1987.

Terms:

The premises are available by way of a new full repairing and insuring lease for a term to be agreed.

VAT:

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

Service Charges:

A charge will be levied by the landlord to cover the costs associated with the upkeep and maintenance of the exterior.

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

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