Cedar House Spa Road Gloucester Gloucestershire GL1 1XL

  • Cedar House<br>Spa Road<br>Gloucester<br>Gloucestershire<br>GL1 1XL

Cedar House
Spa Road
Gloucester
Gloucestershire
GL1 1XL

Freehold Government Let Office Investment with Residential Prior Approval

  • Let to the Secretary of State for Communities and Local Government (t/a JobCentre Plus)
  • Prior Approval Granted for Change of Use from Office to 45 Flats
  • Approximately 3,338.10 sq m (35,931 sq ft)
  • Site area of 0.37 hectares (0.91 acres) with a site coverage of 24.59%
  • 800m South of Gloucester City Centre and 350m East of Gloucester Docks
  • Nearby the Gloucester Quays Shopping with occupiers such as Boots, Marks and Spencer, Travelodge, H.Samuel, Mountain Warehouse, ASICS, LEVI Jeans, Five Guys, Wagamama and AllSaints
  • Lot
    12
  • Auction
    9th May 2024
  • Rent
    £330,000 per Annum Exclusive
  • Status
    Available
  • Guide*
    Contact Us
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund
  • Expand
  • Photos
  • Map

Freehold Government Let Office Investment with Residential Prior Approval

  • Let to the Secretary of State for Communities and Local Government (t/a JobCentre Plus)
  • Prior Approval Granted for Change of Use from Office to 45 Flats
  • Approximately 3,338.10 sq m (35,931 sq ft)
  • Site area of 0.37 hectares (0.91 acres) with a site coverage of 24.59%
  • 800m South of Gloucester City Centre and 350m East of Gloucester Docks
  • Nearby the Gloucester Quays Shopping with occupiers such as Boots, Marks and Spencer, Travelodge, H.Samuel, Mountain Warehouse, ASICS, LEVI Jeans, Five Guys, Wagamama and AllSaints
  • Lot 12
  • Auction 9th May 2024
  • Rent £330,000 per Annum Exclusive
  • Status Available
  • Guide* Contact Us
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund

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 situated on Spa Road, just 800m south of Gloucester City Centre and within 350 metres of the historic Gloucester Docks - the city’s major regeneration area. The immediate locality of the property is a mix of Residential and Commercial property with the Gloucester Quays Shopping centre close by including occupiers such as Boots, Marks and Spencer, Travelodge, H.Samuel, Mountain Warehouse, ASICS, LEVI Jeans, Five Guys, Wagamama and AllSaints.

Tenure

Freehold.

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 situated on Spa Road, just 800m south of Gloucester City Centre and within 350 metres of the historic Gloucester Docks - the city’s major regeneration area. The immediate locality of the property is a mix of Residential and Commercial property with the Gloucester Quays Shopping centre close by including occupiers such as Boots, Marks and Spencer, Travelodge, H.Samuel, Mountain Warehouse, ASICS, LEVI Jeans, Five Guys, Wagamama and AllSaints.

Tenure

Freehold.

Description

Cedar House is a substantial office building with office accommodation in two wings on the ground, first, second, third and fourth floors. The property benefits from two 8-person passenger lifts and Undercroft and surface car parking for approximately 103 cars.

The property has a site area of approximately 0.37 hectares (0.91 acres) with a site coverage of 24.59%

VAT

VAT is applicable to this lot.

Planning

Prior approval was granted by The Planning Inspectorate on appeal on 7th December 2022 under Appeal Reference APP/U1620/W/22/3302265 (Planning ref 21/00825/JPA) for a change of use from Offices (Class B1) to Dwellings (Class C3)/45 Flats (www.gloucester.gov.uk).

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

Cedar House is a substantial office building with office accommodation in two wings on the ground, first, second, third and fourth floors. The property benefits from two 8-person passenger lifts and Undercroft and surface car parking for approximately 103 cars.

The property has a site area of approximately 0.37 hectares (0.91 acres) with a site coverage of 24.59%

VAT

VAT is applicable to this lot.

Planning

Prior approval was granted by The Planning Inspectorate on appeal on 7th December 2022 under Appeal Reference APP/U1620/W/22/3302265 (Planning ref 21/00825/JPA) for a change of use from Offices (Class B1) to Dwellings (Class C3)/45 Flats (www.gloucester.gov.uk).

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m (1)
Floor Areas
Approx sq ft (1)
Tenant Term Rent p.a.x. Rent Review
(Reversion)
Ground
First
Second
Third
Fourth
Office
Office
Office
Office
Office
335.60
750.00
744.50
750.90
757.10
(3,612)
(8,073)
(8,014)
(8,083)
(8,149)
SECRETARY OF STATE FOR COMMUNITIES AND LOCAL GOVERNMENT (t/a JobCentre Plus) (2) 10 years from 1st April 2018
£330,000
1st April 2023
(31st March 2028)
Total Approximate Floor Area  
3,338.10
(35,931)
   
£330,000
 

(1) The floor areas stated above have been taken from the Valuation Office Agency (https://www.gov.uk/find-business-rates)

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    01.05.24
    File Size
    7 MB
    Login to View
  • Brochure
    Updated Date
    10.05.24
    File Size
    4 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
Mishcon de Reya Africa House, 70 Kingway
London
WC2B 6AH
Nicholas Kirby 020 3321 7000nicholas.kirby@mishcon.com  Joanne Kelly 01212212121152joanne.kelly@mishcon.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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