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Gloucestershire Business News

Retail - 58 Westgate Street, Gloucester

The property comprises a corner retail unit on the ground floor of an attractive period building. It benefits from a fully glazed frontage to Westgate Street and a return frontage on College Street.

Internally, the shop comprises a retail area with painted plastered walls and ceilings and carpet. There are shared storage, kitchenette and WC in the basement.

The building won a Civic Award from Gloucester City Council for Best Minor Restoration Project.

Location details:

The property is located on Westgate Street at the junction with College Street, which provides primary access to Gloucester Cathedral. Westgate Street is one of the principal retail streets in Gloucester.

Gloucestershire County Council's HQ, Shire Hall is nearby and major retailers represented on Westgate Street include Moss Bros., KFC and William Hill Bookmakers.

Accommodation:

Approximate net internal area

Retail area: 32.98 sq m (355 sq ft)

Former changing room: 1.39 sq m (15 sq ft)

Basement: 29.73 sq m (320 sq ft)

Rates:

The Valuation Office Agency website confirms the following:

Rateable Value: £10,250

Rate in £ 2019/2020: 0.491

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

Planning:

The property has planning consent for general retail purposes (Class A1 of the Use Classes Order 1987). It is a Grade II Listed building and situated within a Conservation Area.

Terms:

The property is offered by way of a new internal repairing and insuring lease subject to a service charge for a minimum term of 3 years. A longer lease is available and will incorporate regular rent reviews.

VAT:

VAT will not be charged on the rental and service charge.

Service Charges:

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.

Legal Costs:

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

Contact:

Ash & Co 

Simon McKeag 07737 691453

Rebecca Rigg 01452 300433

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