Prime, pedestrianised retail pitch
Gloucester - Unit 2, St Michael’s Building, Eastgate Street, Gloucester, GL1 1PD
Rates and Rent Reduction
Location
TThe property is located close to ‘The Cross’ on the prime pedestrianised section of Eastgate Street.
Primark have recently opened a new 40,000sqft store close to this retail unit.
Starbucks are to open imminently opposite at 25 Eastgate. Harvey and Thompson are fitting out next door.
Other nearby occupiers include Marks and Spencer,
Poundworld, Holland & Barrett, Shoezone and Three..
Click for Streetview
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Description
Retail and ancillary space is a ground floor.
Floors one and two provide office and storage space
Close to new 40,000sqft Primark – opening December 2021
Pavement seating is an option.
The premises provide the following approximate dimensions and areas:
Description.
Ground Floor Sales
First Floor Storage
Second Floor Storage
Imperial.
1,087
666
218
Metric.
101
61.9
20.03
Lease
Available by way of a new lease for a term of 5 years plus.
Rent
The passing rent is £35,000 pax.
Rates
From 1st April 2023, the VOA advise that the rates are:
Rateable Value: £29,250
Rates payable at .499p £14,595
nterested parties are advised to check with the Local Authority as rates relief and other benefits might apply.
Legal Costs
Each party are to bear their own associated legal costs.
EPC
Being prepared.
Contact
Ryan Kennedy