32-34 Westgate Street
Gloucester
Gloucestershire
GL1 2NG

Freehold City Centre Development Opportunity

  • Pedestrianised City Centre Location
  • Comprises 1,303.27 sq m (14,028 sq ft)
  • Development and Change of Use Potential within the Cities Cathedral Quarter project (1)
  • Nearby occupiers include HSBC, McDonalds, Nationwide and a variety of local retailers
  • Lot
    34
  • Auction
    04/Nov/2021
  • Vacant Possession
  • Status
    Sold
  • Price*
    £444,000
  • Sector
    High Street Retail/Residential/Development
  • Auction Venue
    Live Streamed Auction
Important Update
  • 32-34 Westgate Street, Gloucester, Gloucestershire, GL1 2NG
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
8 miles south-west of Cheltenham
29 miles south of Worcester
35 miles north-east of Bristol
Roads
M5 (Junction 11, 11A and 12), A430, A38
Rail
Gloucester Railway Station
(London Paddington 1 hour 55 minutes)
Air
Bristol Airport
Situation

The property is located in the heart of Gloucester City Centre on the pedestrianised Westgate Street close to its junction with Eastgate & Northgate Streets. Kings Walk Shopping Centre and associated car parking are close by. Gloucester Cathedral is 100 metres to the north east and Gloucester Railway Station is 700 metres to the east. The 107million Kings Quarter regeneration scheme of the Centre of the City was approved in January 2021. The plan will see development as part of the 600,000 sq ft masterplan for The Forum, there will be a multi-storey car park, alongside over one acre of public realm and landscaping work. Nearby occupiers include HSBC, McDonalds, Nationwide, Coventry Building Society, British Heart Foundation, Santander and a variety of local retailers

Tenure

Freehold.

Description

The property comprises a large ground floor shop with basement, first, second and third floor ancillary accommodation.

VAT

VAT is applicable to this lot.

Planning

(1) The property may benefit from future redevelopment for a variety of uses, subject to necessary consents/permissions. Interested Parties are referred to Gloucester Council - www.gloucestershire.gov.uk The property is located within The Cathedral Quarter project which is a heritage-led regeneration scheme for the Westgate Street area of Gloucester. The project is funded by Gloucester City Council, Historic England and supported by many community partners through the Cathedral Quarter Partnership. (See - www.cathedralquartergloucester.uk)

Completion Period

6 Week Completion

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
Possession
Ground
Basement
First
Second
Third
Retail
Ancillary
Retail
Ancillary
Ancillary
654.57 sq m
100.00 sq m
444.10 sq m
73.00 sq m
31.70 sq m
(7,045 sq ft)
(1,076 sq ft)
(4,780 sq ft)
(785 sq ft)
(342 sq ft)
VACANT
Total
1,303.27 sq m
(14,028 sq ft)
 

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    15.10.21
    File Size
    711 KB
    View PDF
  • Site Plan
    Updated Date
    15.10.21
    File Size
    838 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860 +44 (0)7513 610 710george.goucher@acuitus.co.uk
Associate Auctioneers
John Ryde Commercial 14 Royal Crescent Cheltenham,
Gloucestershire
GL50 3DA
Anthony Johns 01242 576276anthonyjohns@johnryde.co.uk
Seller's Solicitors
Boyes Turner LLP Abbots House , Abbey Street
Reading
RG1 3BD
Philip Jacques 0118 952 7246pjacques@boyesturner.com

Useful Links

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