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Gloucestershire Business News

Retail - 8 Northgate Street, Gloucester

The property comprises a four-storey building of solid brick construction with a pitched tiled roof behind a parapet wall. There are single glazed sash windows at upper floor level with a display window at ground floor and open plan retail unit with a suspended acoustic tiled ceiling.

The property has an EPC rating of C-56 Certificate Ref No: 9560-3096-0589-0600-3425.

Location details:

The property fronts the eastern side of Northgate Street, just to the north of The Cross (junction between Northgate Street, Eastgate Street, Southgate Street and Westgate Street), within a pedestrianised section of the road, at the centre of the commercial district of the City centre.

The immediate area, which is considered prime in terms of its retail element, has a mixed commercial usage which, in the main, includes retail and offices, with restaurants, public houses and Gloucester Cathedral within 200 metres.

Occupiers in the immediate vicinity on Northgate Street include Pandora Jewellers, Vodafone, Ernest Jones Jewellers, HSBC, Hallmark Cards, Graduation at No.9 Hairdressers, TK Maxx, Sports Direct and Debenhams Department Store (for the time being), in addition to a mix of other national chain operators and independent sole traders throughout the central cross area of the city.

Accommodation:

Approximate net internal area

Ground floor: 62 sq m (668 sq ft)

First ancillary: 33 sq m (356 sq ft)

Second floor ancillary: 32 sq m (349 sq ft)

Total: 127 sq m (1,373 sq ft)

Rates:

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

Rateable Value: £35,000

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 been used for general retail which falls within Class A1 of the Use Classes Order 1987.

Terms:

The property is offered by way of a new lease.

VAT:

All figures are exclusive of VAT where applicable.

Legal Costs:

Each party to be responsible for its 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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