Retail premises to let

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.

1B St A|date Street is located approximately 500 yards from The Cross, the historic centre of Gloucester and about 50 metres from the recently regenerated Kings Square.

The King’s Quarter regeneration scheme includes the completed new transport hub, Kings Square and tthe 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.

Approximate Net Internal Areas
Ground floor
Single fronted shop with glazed display window. Approximate width 13.66 m (44 ft 10 ins). Retail area 58.1 sq m (626 sq ft) with a depth of 4.80 m (15 ft 9 ins). Office, WC and kitchen facilities. Total of approx. 74.3 sq m (800 sq ft). Customer stairs leading to:

Basement sales/storage
Single open plan sales/display areas of 39.5 sq m (452 sq ft), with smaller storage and ancillary areas in addition. WC and kitchen facilities. Roller shutter protected door to rear service yard and car park. Total of approx. 59.7 sq m (642 sq ft).

Total Net Internal Area approx. 134.0 sq m ( 1,442 sq ft).

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 buildings and 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.

Proposals are invited based on an initial rent of £16,500 per annum exclusive.

The property is elected for VAT.