Pedestrianised Town Centre Freehold Retail Investment
Pedestrianised Town 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 applicable to this lot.
Six week completion
Band D See legal pack at www.acuitus.co.uk
The property comprises a ground floor shop with 3 floors of ancillary accommodation above.
VAT is applicable to this lot.
Six week completion
Band D See legal pack at www.acuitus.co.uk
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Ground First Second Third |
Retail Ancillary Ancillary Ancillary |
204.85 sq m 180.46 sq m 42.82 sq m 42.82 sq m |
(2,205 sq ft) (1,942 sq ft) (461 sq ft) (461 sq ft) |
Telefonica UK Limited (t/a 02) (1) |
5 years from 24/10/2017 on a full repairing and insuring lease (2) |
£37,650 | 32/10/2022 |
| Total |
470.95 sq m |
(5,069 sq ft) | £37,650 | ||||
(1) For the year end 31/12/2019 Telefonica UK Limited reported a Turnover of £5,976,000,000 Pre-tax profits £765,000,000 and Shareholder Funds £2,649,000,000 (Source: SmartSearch 2/10/2020)
O2 is a mobile network operator and the principal commercial brand of Telefnica UK Limited, which is part of the global telecommunications group Telefnica S.A. (Website www.o2.co.uk)
(2) Tenants option to determine 23rd October 2020 NOT exercised.
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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