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Gloucestershire Business News

Residential development - 104 Northgate Street, Gloucester

The property comprises a level cleared site extending to approximately 0.066 hectares (0.162 acres) with consent for the construction of 19 affordable flats and a commercial unit.

PROPOSED SCHEME

Planning consent has been obtained under planning ref: 18/01454/FUL and 19/01212/LBC for 19 affordable flats and a commercial unit.

The proposed development will comprise a part 4, part 5 storey building with a retail unit, bin stores, bike store and 3 flats on the ground floor with residential on the upper floors. Lift access will be provided to all floors with 2 staircases. There are 7 No. 1 bedroom flats and 12 No. 2 bedroom flats.

Plans and associated documentation are available to download from this website or alternatively can be viewed on the Gloucester City Council Planning Portal.

Services:

We are advised that services exist within the locality and confirm that we have not tested any of the service installations.

Any prospective purchaser must satisfy themselves independently as to the state and condition of such items.

Fees:

The purchaser is to meet the agent's fee based on 1% plus VAT of the purchase price, payable in full at completion.

This should be allowed for within any offer made.

Location details:

The property is situated towards the northern end of Northgate Street, at its junction with Spread Eagle Road, a short distance from Bruton Way, which forms part of the city's inner ring road, allowing easy access to and from the City Centre.

Whilst the location is to be considered a secondary trading position, it is within the Kings Quarter development and easy walking distance of the City Centre and bus and train stations.

Accommodation:

Schedule of proposed accommodation

Floor 1

Retail unit: 73.65 sq m

Flat 1 (2 bedrooms): 74.55 sq m

Flat 2 (1 bedroom): 62.95 sq m

Flat 3 (2 bedrooms): 63.61 sq m

Floor 2

Flat 4 (2 bedrooms): 76.55 sq m

Flat 5 (2 bedrooms): 76.01 sq m

Flat 6 (1 bedroom): 54.76 sq m

Flat 7 (1 bedroom): 39.31 sq m

Flat 8 (2 bedrooms): 65.45 sq m

Flat 9 (2 bedrooms): 61.83 sq m

Floor 3

Flat 10 (2 bedrooms): 65.04 sq m

Flat 11 (2 bedrooms): 70.31 sq m

Flat 12 (1 bedroom): 54.43 sq m

Flat 13 (1 bedroom): 39.31 sq m

Flat 14 (2 bedrooms): 65.45 sq m

Flat 15 (2 bedrooms): 61.83 sq m

Floor 4

Flat 16 (1 bedroom): 49.03 sq m

Flat 17 (1 bedroom): 39.31 sq m

Flat 18 (2 bedrooms): 65.45 sq m

Flat 19 (2 bedrooms): 61.83 sq m

Total net developable area of circa 1,220.66 sq m (13,140 sq ft).

Rates:

The properties will need to be assessed for Council Tax purposes at completion.

Planning:

Planning consent has been obtained under planning ref: 18/01454/FUL and 19/01212/LBC for 19 affordable flats and a commercial unit.

Terms:

We are instructed to offer the site by way of a long leasehold interest to a Registered Social Housing Provider and the land must be used for 100% affordable housing with Gloucester City Council retaining nomination rights.

VAT:

Under the Finance Acts 1989 and 1997, VAT may be levied on the Sale price.

We recommend that the prospective purchasers establish the implications before entering into any agreement.

Legal costs:

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

Contact:

Ash & Co 

Simon McKeag: 07737 691453

Harry Pontifex: 01242 255242

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