£25,000.00 pa < Back to search results
The Cathedral City of Gloucester is located approximately 110 miles to the west of London and is served by the M5 motorway (junctions 11 & 12) linking to Birmingham 45 miles to the north, Bristol 37 miles to the south, and is the 53rd largest settlement in the United Kingdom by population, having a population of c.121,688 (2011 census).
Gloucester railway station has frequent trains to London Paddington, Reading, Bristol, Cardiff Central, Nottingham and Birmingham.
60-62 Northgate Street is located at the junction of Northgate Street and St Aldate Street, approximately 500 yards from The Cross, the historic centre of Gloucester and is adjacent to Kings Square.
The £107million King’s Quarter regeneration scheme of the centre of the city was approved in January 2021. The plan will see development partners Reef Group asked to deliver the Forum, a vibrant social and digital campus for the South West that will act as a catalyst for an emerging digital and cyber security sector.
The Forum will include more than 125,000 sq ft of new versatile office space with a shared workspace club and an innovation hub designed for emerging cyber businesses and incubator businesses. This will sit alongside a 131-bedroom four-star hotel, a 9,000 sq ft gym, restaurants, shops, bars and cathedral view apartments.
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.
The premises comprises two formerly separated buildings, one of which occupies a corner position, now joined to provide substantial premises over ground, first, second, and third floor levels.
60 and 62 Northgate Street each have their own frontage and the buildings are joined to the rear of the ground floor level, which has an air-conditioning system installed.
60 Northgate Street benefits from a corner position with full height glazing to both frontages. A glazed double access doorway currently enters a coffee shop servery area with tiled flooring and window seating, with stairs leading to part of the first floor and an archway to a rear seating area providing approx. 45 covers. A further archway with steps down adjoins 62 Northgate Street. The first floor provides customer WC facilities and a further 10 covers. A further staircase leads to part of the second floor which is not currently in use.
62 Northgate Street benefits from a traditional single glazed timber framed shop front with double access doorway, leading to an open plan seating area with tiled flooring providing approx. 30 covers, with servery counter to the left hand side wall, disabled WC, commercial kitchen, galley washing up room, and rear access.
A staircase located between the kitchen and seating area leads to part of the first floor which currently provides staff welfare facilities and ancillary storage. A further staircase leads to part of the second floor providing further ancillary accommodation with an additional room that is not currently in use.
Approximate measurements and Net Internal Floor Areas
Ground floor: 1,700 sq ft 158.00 sq m
First floor: 563 sq ft 52.35 sq m
Second floor: 469 sq ft 43.52 sq m
total: 2,732 sq ft 253.87 sq m
nb: The second floor of number 60 has not been measured as it is not currently in use, nor has part of the second floor of number 60, thus these areas are capable of being refurbished by an ingoing occupier, significantly increasing the potential usable floor area.
Subject to Contract
The premises are available to let on a new lease for a term of years to be agreed. The lease will be constructed on effectively full repairing and insuring terms by way of a service charge provision.
The Tenant will be responsible for maintenance and decoration of the interior of the premises and the shop front/window glass, and to pay the Landlord a share of the costs incurred in respect of property insurance and maintenance of the parking/service yard to the rear.
Proposals are invited based on an initial rent of £25,000 per annum exclusive.
A rent deposit may be required.
The property is elected for VAT.