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Gloucestershire Business News

Retail - 28 Southgate Street, Gloucester

The property comprises a ground floor retail unit located in a prime retail location, benefitting dual aspect glazed frontage.

There is a basement suitable for storage. The upper floors have B1 office consent and are available by way of separate negotiation.

Energy Performance Certificate: An EPC has been commissioned.

Location details:

Gloucester is a historic Cathedral City conveniently situated 10 miles west of Cheltenham, and 35 miles north east of Bristol. Road connections are excellent with easy access to the M5 Motorway via Junctions 11, 11A and 12.

The property is prominently located on the corner of Longsmith Street and Southgate Street, being in the heart of Gloucester city centre. Southgate Street forms one of the 'Gate Streets' providing the city's traditional high street retail offer.

The subject property is positioned in the pedestrian link between the cross (the junction of the 'Gate Streets') and Gloucester Docks and Gloucester Quays.

Accommodation:

All measurements are approximate Net Internal Areas.

Ground Floor Retail: 53.61 sq m (577 sq ft)

Basement: 35 sq m (377 sq ft)

Terms:

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

Rent:

£16,500 per annum exclusive.

Services:

We are advised that main services are connected to the premises and confirm that we have not tested any of the service installations and any occupier must satisfy themselves independently as to the state and condition of such items.

Business Rates:

Interested parties should make their own enquiries to the Local Billing Authority to ascertain the exact rates payable. A change in occupation may trigger an adjustment of rating assessment.

VAT:

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

Legal costs:

Each party is to be responsible for their own legal costs incurred in the transaction.

Contact:

Alder King Property Consultants 

Vicki Grimshaw

01452 627131

vgrimshaw@alderking.com 

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