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Gloucestershire Business News

Retail - 7a Worcester Street, Gloucester

The property comprises a mid-terrace building arranged on two floors with a retail area, kitchenette/staff room and WC on the ground floor. The first floor was originally designed as a 2-bedroom flat but it has been used as office accommodation. A bathroom and kitchen are also provided.

It has been finished to a high specification throughout to include a fully glazed frontage, gas fired central heating, ceiling mounted air conditioning units, laminate floor and fire alarm system.

The property has an EPC rating of C-74. Certificate Ref No: 0380-0131-7589-2007-8006.

Location details:

The property is located in the middle of Worcester Street, approximately 500m from Gloucester Cross which is traditionally regarded as the City Centre.

Whilst this area is considered a secondary trading position, it is close to the City Centre and there are a number of large multiple retailers in the immediate vicinity including Sainsburys, Wilkinsons and Cash Converters.

Accommodation:

Approximate net internal area

Ground Floor:

Retail area: 66.12 sq m (712 sq ft)

Staff room/kitchenette: 23.49 sq m (253 sq ft)

Storage: 1.56 sq m (17 sq ft)

Sub Total: 91.17 sq m (982 sq ft)

First Floor:

Offices: 53.10 sq m (572 sq ft)

TOTAL: 144.27 sq m (1,554 sq ft)

Rates:

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

Rateable Value: £10,750

Rate in £ 2019/2020: 0.491

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

Planning:

The property has been used as an estate agency which falls within Class A2 of the Use Classes Order 1987.

Terms:

The property is offered by the assignment or subletting of an existing lease which expires on the 24th October 2032.

The lease contains break clauses on the 24th October 2024 and 24th October 2027.

Consideration will also be given to letting on a floor by floor basis.

VAT:

The property is elected for VAT.

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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