9 - 11 Eastgate Street Gloucester Gloucestershire GL1 1NS

9 - 11 Eastgate Street
Gloucester
Gloucestershire
GL1 1NS

Prime Freehold Retail Investment

Entirely let to C & J Clark International Limited
Tenant in occupation since at least March 2000
December 2018 tenant break option not exercised
Approximately 450 sq m (4,834 sq ft)
Prime location with nearby occupiers including Marks & Spencer, Waterstones, Holland & Barrett, Starbucks, The Body Shop, H&M, Primark, WHSmith and various banks

Lot
6
Auction
4th April 2019
Rent
£80,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Prime Freehold Retail Investment

Entirely let to C & J Clark International Limited
Tenant in occupation since at least March 2000
December 2018 tenant break option not exercised
Approximately 450 sq m (4,834 sq ft)
Prime location with nearby occupiers including Marks & Spencer, Waterstones, Holland & Barrett, Starbucks, The Body Shop, H&M, Primark, WHSmith and various banks

Lot 6
Auction 4th April 2019
Rent £80,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 9 miles west of Cheltenham; 35 miles north-east of Bristol
Roads: A38, A40, A417, M5 (J11A)
Rail: Gloucester Train Station
Air: Bristol Airport

Situation

The property is situated in a first class location on the northern side of the pedestrianised Eastgate Street, near to The Eastgate Shopping Centre, which houses retailers such as Marks & Spencer, B&M Bargains, Greggs, JD Sports, Lloyds Pharmacy, Specsavers and Tesco. Other nearby retailers include Primark, Waterstones, Holland & Barrett, The Body Shop, H&M, Topshop, WHSmith and various banks.

Tenure

Freehold.

Location

Miles: 9 miles west of Cheltenham; 35 miles north-east of Bristol
Roads: A38, A40, A417, M5 (J11A)
Rail: Gloucester Train Station
Air: Bristol Airport

Situation

Tenure

Freehold.

Description

The property comprises a well proportioned ground floor shop with ancillary accommodation arranged over the first and second floors.

VAT

VAT is applicable to this lot.

EPC

Band E

Description

The property comprises a well proportioned ground floor shop with ancillary accommodation arranged over the first and second floors.

VAT

VAT is applicable to this lot.

EPC

Band E

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First Second	Retail/Ancillary Ancillary Ancillary	157.40 sq m 171.67 sq m 120.00 sq m	(1,694 sq ft) (1,848 sq ft) (1,292 sq ft)	C & J CLARK INTERNATIONAL LIMITED (1) t/a Clarks	10 years from 25/12/2013 until 24/12/2023 on a full repairing and insuring lease	£80,000
Total		449.07 sq m	(4,834 sq ft)			£80,000

(1) For the year ending 3rd February 2018, C & J Clark International Limited reported a turnover of £820,400,000, a pre-tax loss of £3,200,000 and net assets of £267,100,000 (Source: Experian Group 04/03/2019).