32-34 Westgate Street Gloucester Gloucestershire GL1 2NG

32-34 Westgate Street
Gloucester
Gloucestershire
GL1 2NG

Freehold City Centre Development Opportunity

Pedestrianised City Centre Location
Comprises 1,303.27 sq m (14,028 sq ft)
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
Auction Venue
Live Streamed Auction

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Freehold City Centre Development Opportunity

Pedestrianised City Centre Location
Comprises 1,303.27 sq m (14,028 sq ft)
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

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