For sale

The Gateway, 92-96 Westgate Street, Gloucester, GL1 1PE

Office Gloucester For sale 462.12 m2 (4974ft2)

The property is a three-storey building of brick construction under a pitched tiled roof. The accommodation comprises a self-contained retail unit and offices on the ground floor with further offices on the upper floors.

The offices have been refurbished throughout and the specification includes aluminium framed double-glazed windows, comfort cooling, surface painted plastered walls, part suspended/part painted plastered ceilings with LED lights, a passenger lift, carpet floors and an intruder alarm system. WC facilities are provided.

The accommodation in the retail unit extends to approximately 56.7 sq m (610 sq ft) and comprises the main sales area with storage and ancillary facilities.

EPC - The property has an EPC Rating of C-62.

TENANCY
The ground floor of No. 96 is let to G. H. E Phillips (Fabrics) Limited t/a Janes Pantry for a period of 10 years at a rent of £7,800 per annum. The lease is on an internal and insuring basis and include a tenant’s break clause and rent review on the 5th anniversary of the term. A copy of the lease is available upon request.

Address and Location

Address :

The Gateway
92-96 Westgate Street
Gloucester
GL1 2PE

The property occupies a prominent position at the lower end of Westgate Street, close to Gloucestershire County Council’s Headquarters building, Shire Hall.  Westgate Street forms part of the pedestrianised area in Gloucester and the property lies within 500 metres of Gloucester Cross, which is traditionally regarded as the City Centre, and Gloucester Cathedral.

Rates

The Rateable Values listed on the Valuation Office Agency website are:

Ground Floor Retail Unit: £7,000
Ground, First and Second Floor Offices: £30,750

Potential occupiers should make their own enquiries of the local authority to establish any transitional relief that may be available.

Accommodation

(Approx net internal areas)

Ground Floor 174.84 m2 (1,882 ft2)
First Floor 144.87 m2 (1,560 ft2)
Second Floor 142.41 m2 (1,532 ft2)
Total 462.12 m2 (4,974 ft2)

Planning

Retail and offices within Classes E and A5 of the Use Classes Order 1987.

Terms

Terms

Offers in the region of £650,000 are invited for the freehold interest in the property, subject to the occupational tenancy in place.

VAT

The property is not elected for VAT.

Costs

Legal Costs

Each party to bear their own legal costs incurred in the transaction.

Property Disclaimer

ASH Chartered Surveyors for themselves and for the vendors or lessors of this property for whom they act, give notice that:

  1. these particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract;
  2. ASH Chartered Surveyors cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy;
  3. no employee of ASH Chartered Surveyors has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property;
  4. rents quoted in these particulars may be subject to VAT in addition; (v) ASH Chartered Surveyors will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars; and
  5. the reference to any plant, machinery, equipment, services, fixtures or fittings at the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function. Prospective purchasers/tenants should satisfy themselves as to the fitness of such items for their requirements.

Code of Practice for Commercial Leases in England and Wales

You should be aware that the Code of practice on commercial leases in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licenced conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions and trade associations.

Money Laundering Regulations

As part of our obligations under the UK Money Laundering Regulations 2017, ASH will require any tenant/purchaser to provide proof of identity along with any other required documentation to satisfy anti-money laundering regulations.

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Office Gloucester For sale 462.12 m2 (4974ft2) Price: £650,000

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