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
    04/Apr/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    Withdrawn Post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
Important Auction & Property Update
  • 9 - 11 Eastgate Street<br>Gloucester<br>Gloucestershire<br>GL1 1NS
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* More information on the term "price" can be found here

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.

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

FloorUseFloor Areas (Approx)TenantTermRent 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).

Property Documents

  • Site Plan
    Updated Date
    01.05.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    01.05.19
    File Size
    995 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher 020 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Debenhams Ottaway LLP 48 Watling Street
Radlett
WD7 7NN
Ruth Boulton 01923 857 171rlb@debenhamsottaway.co.uk

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