Retail premises to rent in Gloucester GL1

£14,500.00 pa < Back to search results

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Property Description

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.

7-9 St A|date Street is located 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.

7-9 St Aldate Street, Gloucester, comprises a mid-terraced building of traditional brickwork elevations. The premises benefit from a double fronted single glazed display windows and single recessed entrance doorway, having an external frontage of approximately 6.63m (21’ 9”)

Approximate measurements and Net Internal Floor Areas
Ground floor - Sales area with rear offices/storage (in two rooms) and stairs to basement and upper floors (two staircases).
Sales area 6.44m x 5.77m (21’2” x 18’11”) (approx. Maximum dimensions).

Total ground floor area: 48.5 sq m (522 sq ft)

First floor: Three rooms - 30.5 sq m (328 sq ft). Kitchenette facilities.
Second floor: Two rooms - 32.0 sq m (344 sq ft). WC facilities.

Third floor: Four rooms - 39.5 sq m (425 sq ft).

Basement: Two rooms - 34.4 sq m (370 sq ft).

Outside - Rear service yard. Two parking spaces. Loading access via rear doors to basement.

A new commercial property Use Classes Order took affect on 1st September 2020, with a new Use Class “E” encompassing “Commercial, business and service uses”. Within Use Class E are retail and restaurant uses, along with gymnasiums, offices, light industry, financial services, and medical & health services.

Subject to Contract

The premises are available to let on a new lease for a term of years to be agreed, at an initial rent of £14,500 per annum exclusive. 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.

The leases will be excluded from the security of tenure provisions of the Landlord & Tenant Act 1954 Part II.

A rent deposit may be required.

The property is elected for VAT.

Property Features

    Location

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