Freehold Mixed Use Investment with Immediate Asset Management Opportunities
Adjacent to Gloucester Cathedral
In the same ownership for over 30 years
Comprises five shops and three floors of separately accessed office accommodation
Attractive period building approx. 879.80 sq m (9,470 sq ft)
Change of use potential on upper floors to residential (subject to leases & consents)
Active asset management opportunities including letting vacant shop and office suites on upper floors
VAT free investment
Lot 5
Auction 26th March 2026
Rent £51,250 per Annum Exclusive Plus one vacant shop & 2,650 sq ft office suites to let
Status Available
Guide* £550,000
Sector Mixed Use
Auction Venue Live Streamed Auction
On Behalf of a Charity
Property Information
Location
Miles
9 miles south-west of Cheltenham, 29 miles south of Worcester, 41 miles north-east of Bristol
Roads
A38, A430
Rail
Gloucester Railway Station (London Paddington 1 hour 55 minutes)
Air
Bristol Airport
Situation
The property is prominently situated in the City Centre on the east side of the pedestrianised College Street, at its junction with Westgate Street. The property benefits from being close to Gloucester Cross in the heart of Gloucester's shopping area and adjacent to Gloucester Cathedral. Nearby occupiers include KFC, Halifax, HSBC, Nationwide and range of independent shops & boutiques.
Tenure
Freehold.
Location
Miles
9 miles south-west of Cheltenham, 29 miles south of Worcester, 41 miles north-east of Bristol
Roads
A38, A430
Rail
Gloucester Railway Station (London Paddington 1 hour 55 minutes)
Air
Bristol Airport
Situation
The property is prominently situated in the City Centre on the east side of the pedestrianised College Street, at its junction with Westgate Street. The property benefits from being close to Gloucester Cross in the heart of Gloucester's shopping area and adjacent to Gloucester Cathedral. Nearby occupiers include KFC, Halifax, HSBC, Nationwide and range of independent shops & boutiques.
Tenure
Freehold.
Description
The property comprises five shops arranged on the ground & lower ground floors. Access to the shops is from College Street or via a shared entrance hall. The property also comprises self contained offices on the first, second and third floors which are accessed through three separate pedestrian entrances on College Street.
There is also a small yard to the rear of the property which can be accessed through a side gate.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises five shops arranged on the ground & lower ground floors. Access to the shops is from College Street or via a shared entrance hall. The property also comprises self contained offices on the first, second and third floors which are accessed through three separate pedestrian entrances on College Street.
There is also a small yard to the rear of the property which can be accessed through a side gate.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Address
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.
2 College Street
Ground Basement
Retail Ancillary
23.30 25.20
(251) (272)
AN INDIVIDUAL t/a The Barber's
5 years from 01/05/2023
£7,250
First
Office
58.60
(630)
VACANT
-
-
Second
Office
62.30
(670)
VACANT
-
-
Third
Office
60.90
(656)
VACANT
-
-
4 College Street
Ground Basement
Retail Ancillary
65.56 39.60
(706) (426)
VACANT
-
-
6 College Street
Ground Basement
Retail Ancillary
36.50 30.50
(393) (328)
TWO INDIVIDUALS (t/a The Wiggly Worm)
3 years from 12/01/2026 (1)
£10,000
4-6 College Street
First Second Third
Office Office Office
92.80 90.50 45.50
(999) (974) (490)
JUBILEE PERSONNEL SERVICES LTD with a personal guarantee
5 years from 29/11/2021
£11,750
8 College Street
Ground Basement
Retail Ancillary
32.20 35.60
(347) (383)
MIJU WOOLS LTD t/a Miju
3 years from 21/11/2025
£8,500
First
Office
56.40
(607)
MORGAN CONSULTING TEWKESBURY LTD
5 years from 17/03/2025 (2)
£4,750
Second Third
Office Office
45.00 19.50
(484) (210)
VACANT
-
-
58 Westgate Street
Ground Lower Ground
Retail Ancillary
34.09 25.80
(367) (277)
TECTA GROUP LTD t/a Ashok & Babali
5 years from 14/08/2025 (3)
£9,000 rising to £10,000 in August 2028
Total
879.80
(9,470)
£51,250
(1)The lease is subject to a tenant only break option on 12/07/2027. If the break is exercised, the tenant pays to the landlord a break penalty of £2,500 + VAT. (2) The lease is subject to a tenant only break option on 17/03/2028. (3)The lease is subject to tenant only break option on 14/08/2027. If the break is exercised, the tenant pays to the landlord a break penalty of £2,250.
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.
