Retail Investment - Bow Bells, Russell Street, Gloucester
The property comprises a Florist Shop converted in 2009 from office use.
The property, which is attached, is single storey and constructed of facing brick to both the front and part of the side elevations, under a flat roof. There is a central pedestrian entrance door and front display windows, and the property has a gas fired central heating system.
There is a small concrete forecourt to the front.
Gloucester is the commercial and administrative centre of the County and supports a resident population of approximately 121,700 (2011 Census). Gloucester has a strong and established traditional industrial base together with, in recent years, a significant expansion as an office centre through the developments on the business parks close to the Motorway junctions.
Gloucester is located approximately 9 miles (14.5 km) west of Cheltenham, 35 miles (56.2 km) north of Bristol, 55 miles (88.5 km) south of Birmingham and 100 miles (161 km) west of London. Access to the motorway network is available at Junctions 11, 11A and 12 of the M5 and Junction 15 of the M4 at Swindon. The link to the M4 is via the A417/A419 trunk road.
The properties are situated on the southern side of Russell Street, close to the junction with Clarence Street and is close to the City Centre and the railway and bus stations. This part of Russell Street is very conveniently situated for the main shopping area, with the prime retail area of Eastgate Street being approximately only 200 yards away.
The approximate net internal areas are as follows:
Retail Shop: 49.72 sq m (535 sq ft)
Rear Preparation area: 19.52 sq m (210 sq ft)
Rear store with kitchen: 34.39 sq m (125 sq ft)
Store: 11.62 sq m (125 sq ft)
Cloakroom with WC and hand basin
Total: 115.25 sq m (1,240 sq ft)
A search on the Valuation Office Agency website has revealed the following entry:
Rateable Value: £5,400
Rate in £ 2021/2022: 0.499
The property has been used as a florists shop which falls within Class E (previously Class A1) of the Use Classes Order 1987.
The property is offered freehold subject to the occupational tenancies outlined in the Tenancy Schedule.
The property is elected for VAT.
Each party to bear their own costs incurred in the transaction.
Simon McKeag: 07737 691453
Harry Pontifex: 01242 255242
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