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Gloucestershire Business News

Retail - 48 Westgate Street, Gloucester

The property comprises a mid-terraced three storey building with a retail area and store on the ground floor with additional retail space, storage and an office on the first and second floors. In addition, there is basement storage.

The property has been refurbished throughout and includes a fully glazed frontage to Westgate Street; it is lit by a combination of spot and strip lighting and WC and kitchenette facilities are provided. It benefits from gas fired central heating and a shower.

The property has an EPC Rating of D-89. Certificate Ref No: 0020-8995-0399-4840-0044.

Location details:

The property is situated on the northern side of Westgate Street, in the pedestrianised area in close proximity to Gloucester Cathedral and The Cross, which is traditionally regarded as the City Centre.

The immediate area, which is considered secondary/tertiary in terms of its retail element, has a mixed commercial usage which, in the main, include retail and offices, with restaurants and public houses.

Occupiers in the vicinity include KFC, William Hill Bookmakers. McDonalds and Moss Bros and numerous small independent traders.

Accommodation:

Approximate net internal area

GROUND FLOOR:

Retail: 63.00 sq m (678 sq ft)

External frontage: 4.98 m (16' 4")

Internal frontage: 5.49 m (18' 0")

Shop depth: 11.44 m (37' 6")

FIRST FLOOR:

42.70 sq m (460 sq ft)

SECOND FLOOR:

29.00 sq m (280 sq ft)

Rates:

The entry appearing on the Valuation Office Agency website is as follows:

Rateable Value: £13,500

Rate in the £ 2019/2020: 0.491

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

Planning:

The property was previously used for general retail purposes (Class A1 of the Use Classes Order 1987).

It is situated within a Conservation Area.

Terms:

The property is offered freehold with vacant possession. Consideration will also be given to a letting by way of a full repairing and insuring lease for a term to be agreed.

VAT:

The property is 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

Harry Pontifex: 01242 255242

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