Howden Insurance 9 - 11 Eastgate Street Gloucester Gloucestershire GL1 1NS

Howden Insurance
9 - 11 Eastgate Street
Gloucester
Gloucestershire
GL1 1NS

Prime & Newly Opened Freehold Retail Investment

Entirely let to A-Plan Holdings t/a Howden Insurance
New 15 year lease from September 2024 (subject to option at year 10)
Rebased rent
Tenant recently relocated and spent over £540,000 on new fit out/refurbishment
Approx. 449.07 sq m (4,832 sq ft) over ground, first and second floors
Neighbouring occupiers include M&S, ASDA, Primark, Waterstones, H&M, McDonalds, Pure Gym, JD Sports and Starbucks

Lot
4
Auction
15th May 2025
Rent
£42,500 per Annum Exclusive
Status
Available
Guide*
£600,000+
Auction Venue
Live Streamed Auction
Octopus Bridging Loan for Buyers

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Prime & Newly Opened Freehold Retail Investment

Entirely let to A-Plan Holdings t/a Howden Insurance
New 15 year lease from September 2024 (subject to option at year 10)
Rebased rent
Tenant recently relocated and spent over £540,000 on new fit out/refurbishment
Approx. 449.07 sq m (4,832 sq ft) over ground, first and second floors
Neighbouring occupiers include M&S, ASDA, Primark, Waterstones, H&M, McDonalds, Pure Gym, JD Sports and Starbucks

Lot 4
Auction 15th May 2025
Rent £42,500 per Annum Exclusive
Status Available
Guide* £600,000+
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

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

Situation

The property occupies a prime location on the north side of the pedestrianised Eastgate Street, the primary retailing thoroughfare in the heart of Gloucester City Centre close to its junction with Northgate, Southgate and Westgate and close to The Eastgate Shopping Centre and King's Walk Arcade. Neighbouring occupiers include M&S, ASDA, Primark, Waterstones, H&M, McDonalds, Pure Gym, JD Sports and Starbucks.

Tenure

Freehold.

Location

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

Situation

Tenure

Freehold.

Description

The property comprises a recently re-fitted and well proportioned shop arranged over the ground, first and second floors.

VAT

VAT is applicable to this lot.

EPC

C71

Description

The property comprises a recently re-fitted and well proportioned shop arranged over the ground, first and second floors.

VAT

VAT is applicable to this lot.

EPC

C71

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (3)	Floor Areas Approx sq ft (3)	Tenant	Term	Rent p.a.x.	Rent Review
Ground First Second	Retail Ancillary Ancillary	157.40 171.67 120.00	(1,694) (1,847) (1,291)	A-PLAN HOLDINGS t/a Howden (1)	15 years from 11/09/2024 (2)	£42,500 (2)	11/09/2029 11/09/2034
Total		449.07	(4,832)			£42,500

(1) For the year ending 30/09/2023 A-Plan Holdings reported a turnover of £163,775,019, a pre-tax profit of £43,673,457 and a net worth of £141,154,018 (NorthRow 07/04/2025).
(2) The tenant is benefitting from a rent-free period expiring September 2025. The seller will 'top-up' the rent from completion of the sale until the end of the rent free period. The lease provides for a tenant option to determine on 11/09/2034.
(3) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).

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.