9 - 11 Eastgate Street Gloucester Gloucestershire GL1 1NS
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 4th April 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Status Withdrawn Post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
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 4th April 2019
Rent
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
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.
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
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
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent 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).