Pedestrianised City Centre Freehold Retail Investment
Pedestrianised City Centre Freehold Retail Investment
The property is located in the heart of Gloucester City centre on the pedestrianised Northgate Street close to its junction with Eastgate & Westgate streets.
Eastgate & Kings Walk shopping centres and associated car parking are close by. Gloucester Cathedral is 250 metres to the north and Gloucester railway is 400 metres to the east. Nearby occupiers include Pandora, HSBC,TK Maxx, Costa, McDonalds, B&M, Yorkshire Bank and Sports Direct.
Freehold.
The property is located in the heart of Gloucester City centre on the pedestrianised Northgate Street close to its junction with Eastgate & Westgate streets.
Eastgate & Kings Walk shopping centres and associated car parking are close by. Gloucester Cathedral is 250 metres to the north and Gloucester railway is 400 metres to the east. Nearby occupiers include Pandora, HSBC,TK Maxx, Costa, McDonalds, B&M, Yorkshire Bank and Sports Direct.
Freehold.
The property comprises a ground floor shop with 3 floors of ancillary accommodation above.
VAT is not applicable to this lot.
The property may benefit from future redevelopment for a variety of uses, subject to necessary consents/permissions and the current tenancy. Interested Parties are referred to Gloucester Council - www.gloucestershire.gov.uk
6 week Completion
Band C. See Legal Pack at www.acuitus.co.uk
The property comprises a ground floor shop with 3 floors of ancillary accommodation above.
VAT is not applicable to this lot.
The property may benefit from future redevelopment for a variety of uses, subject to necessary consents/permissions and the current tenancy. Interested Parties are referred to Gloucester Council - www.gloucestershire.gov.uk
6 week Completion
Band C. See Legal Pack at www.acuitus.co.uk
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground First Second Third |
Retail Ancillary Ancillary Ancillary |
54.09 sq m 36.33 sq m 32.40 sq m 32.09 sq m |
(690 sq ft) (390 sq ft) (348 sq ft) (356 sq ft) |
INDIVIDUAL WITH GUARANTOR t/a Fone Square (1) |
5 years from 12/05/2021 on a full repairing & insuring lease |
£20,000 (1) (2) | 12/05/2024 |
| Total |
154.91 sq m |
(1,784 sq ft) |
£20,000 | ||||
(1) The tenant is paying half rent for year one to 11/05/2022. The seller will make an allowance from completion of the sale to the expiry of the concessionary rental period, so that the property produces £20,000 per annum.
(2) Rent Deposit of £6,000 held.
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.
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