Development and Change of Use Potential within the Cities Cathedral Quarter project (1)
Nearby occupiers include HSBC, McDonalds, Nationwide and a variety of local retailers
Lot 34
Auction 4th November 2021
Vacant Possession
Status Sold
Price £444,000
Sector High Street Retail, Residential, Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
8 miles south-west of Cheltenham
29 miles south of Worcester
35 miles north-east of Bristol
Roads
M5 (Junction 11, 11A and 12), A430, A38
Rail
Gloucester Railway Station
(London Paddington 1 hour 55 minutes)
Air
Bristol Airport
Situation
The property is located in the heart of Gloucester City Centre on the pedestrianised Westgate Street close to its junction with Eastgate & Northgate Streets. Kings Walk Shopping Centre and associated car parking are close by. Gloucester Cathedral is 100 metres to the north east and Gloucester Railway Station is 700 metres to the east. The 107million Kings Quarter regeneration scheme of the Centre of the City was approved in January 2021. The plan will see development as part of the 600,000 sq ft masterplan for The Forum, there will be a multi-storey car park, alongside over one acre of public realm and landscaping work. Nearby occupiers include HSBC, McDonalds, Nationwide, Coventry Building Society, British Heart Foundation, Santander and a variety of local retailers
Tenure
Freehold.
Location
Miles
8 miles south-west of Cheltenham
29 miles south of Worcester
35 miles north-east of Bristol
Roads
M5 (Junction 11, 11A and 12), A430, A38
Rail
Gloucester Railway Station
(London Paddington 1 hour 55 minutes)
Air
Bristol Airport
Situation
The property is located in the heart of Gloucester City Centre on the pedestrianised Westgate Street close to its junction with Eastgate & Northgate Streets. Kings Walk Shopping Centre and associated car parking are close by. Gloucester Cathedral is 100 metres to the north east and Gloucester Railway Station is 700 metres to the east. The 107million Kings Quarter regeneration scheme of the Centre of the City was approved in January 2021. The plan will see development as part of the 600,000 sq ft masterplan for The Forum, there will be a multi-storey car park, alongside over one acre of public realm and landscaping work. Nearby occupiers include HSBC, McDonalds, Nationwide, Coventry Building Society, British Heart Foundation, Santander and a variety of local retailers
Tenure
Freehold.
Description
The property comprises a large ground floor shop with basement, first, second and third floor ancillary accommodation.
VAT
VAT is applicable to this lot.
Planning
(1) The property may benefit from future redevelopment for a variety of uses, subject to necessary consents/permissions. Interested Parties are referred to Gloucester Council - www.gloucestershire.gov.uk
The property is located within The Cathedral Quarter project which is a heritage-led regeneration scheme for the Westgate Street area of Gloucester. The project is funded by Gloucester City Council, Historic England and supported by many community partners through the Cathedral Quarter Partnership. (See - www.cathedralquartergloucester.uk)
Completion Period
6 Week Completion
EPC
See legal pack at www.acuitus.co.uk
Description
The property comprises a large ground floor shop with basement, first, second and third floor ancillary accommodation.
VAT
VAT is applicable to this lot.
Planning
(1) The property may benefit from future redevelopment for a variety of uses, subject to necessary consents/permissions. Interested Parties are referred to Gloucester Council - www.gloucestershire.gov.uk
The property is located within The Cathedral Quarter project which is a heritage-led regeneration scheme for the Westgate Street area of Gloucester. The project is funded by Gloucester City Council, Historic England and supported by many community partners through the Cathedral Quarter Partnership. (See - www.cathedralquartergloucester.uk)
Completion Period
6 Week Completion
EPC
See legal pack at www.acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Possession
Ground Basement First Second Third
Retail Ancillary Retail Ancillary Ancillary
654.57 sq m 100.00 sq m 444.10 sq m 73.00 sq m 31.70 sq m
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
Contacts
Associate Auctioneers
John Ryde Commercial 14 Royal Crescent Cheltenham, Gloucestershire GL50 3DA
