Retail - 5 College Court, Gloucester
The property comprises a mid-terrace, self-contained retail unit with fully glazed frontage to College Court. The accommodation comprises the main retail area, a preparation room/staff area and WC facilities.
The retail area has painted plastered walls, suspended ceiling with inset lighting and carpet floor covering.
There is a pedestrian access to the rear via a communal corridor.
The property is located in an attractive parade of shops on College Court, which a pedestrian thoroughfare from Westgate Street to the Cathedral. It is situated approximately 250 meters from The Cross, which is traditionally regarded as the City Centre and a short distance from Gloucestershire County Council's HQ, Shire Hall.
Major retailers on Westgate Street include McDonalds, The Works, Moss Bros and KFC.
Gloucester is well connected to the motorway network, being served by three junctions of the M5; junction 11 provides access via the A40 (3 miles), junction12 to the south (5 miles) and junction 11a (3 miles) connects to the Brockworth Bypass, Cirencester/Swindon and the M4 motorway at junction 15 (34 miles).
Approximate net internal area
Retail area: 41.56 sq m (447 sq ft)
Preparation area/staff room: 17.42 sq m (188 sq ft)
Total: 58.98 sq m (635 sq ft)
The assessment currently appearing in the Valuation List is as follows:
Rateable Value: £8,500
Rate in £ 2019/2020: 0.491
Prospective tenants should contact the Local Authority to verify the actual rates payable and to establish any transitional relief that may be applicable.
The property has planning consent for general retail purposes (Class A1 of the Use Classes Order 1987). The property is not Listed but does lie within a Conservation Area.
The property is offered by way of a new internal repairing and insuring lease subject to a service charge for a term to be agreed. A longer lease is available and will incorporate regular rent reviews.
The property is elected for VAT.
A service charge will be levied to the tenant to cover the costs associated with maintaining the common parts of the property. Further information is available from the agents.
Each party to bear their own costs incurred in the transaction.
Simon McKeag: 07737 691453
Harry Pontifex: 01242 255242
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